National Société Générale Bank
From Wikipedia, the free encyclopedia
National Société Générale Bank, was an Egyptian commercial bank. It was the local subsidiary of Société Générale.
| |
Company type | Subsidiary |
|---|---|
| Industry | Financial services |
| Founded | 1978 |
| Defunct | 2013 |
| Fate | Adquired by QNB Group |
| Successor | QNB (Egypt) |
| Headquarters | , |
Area served | Egypt |
| Parent | Société Générale |
| Website | www |
History
Established as Banque Nationale Société Générale in 1978,[1] with a stake held by the National Bank of Egypt.
In September 2005, NSGB acquired a majority stake in Misr International Bank (MIBank), which at the time was one of the largest private banks in the country.[2]
In 2013, the QNB Group acquired a majority stake from Société Générale for US$2 billion.[3]
