ALEXBANK achieved net profits amounting to EGP 7.5 billion as of the first half of 2025, marking an annual increase of 47%

ALEXBANK logged 73% year-on-year (YoY) higher net profits at EGP 3.6 billion in the first quarter (Q1) of 2025

ALEXBANK has appointed Paolo Vivona as Executive Member of the Board of Directors, Chief Executive Officer, and Managing Director and Antonio Bergalio as Executive Member of the Board of Directors and Deputy CEO.

ALEXBANK has signed a five-year memorandum of understanding (MoU) with the Italian National Promotion Institution (CDP) to facilitate access to microcredit for Egyptian small and medium-sized enterprises (SMEs) in the agricultural sector.

ALEXBANK, a bank of the Intesa Sanpaolo Group, has signed a memorandum of understanding (MoU) with Cassa Depositi e Prestiti (CDP) to support the agrifood sector in Egypt.

Egypt is close to finalizing the sale of its remaining stake in ALEXBANK to Italy's Intesa Sanpaolo SpA, marking the first significant state asset sale since the Egyptian pound was devalued in March.

ALEXBANK achieved a 115% year-on-year (YoY) increase in net profits after tax during the second quarter (Q2) of 2024, recording EGP 5.1 billion.

ALEXBANK achieved a 78.18% year-on-year (YoY) increase in net profits after tax during the first quarter (Q1) of 2024, recording EGP 2.1 billion.

Mastercard has partnered with ALEXBANK to promote financial services and financial inclusion in Egypt.

ALEXBANK has signed a five-year partnership agreement with Visa, as an extension to a previously signed agreement, to roll out new e-payment products in the Egyptian market.

Egyptian Ministry of Finance has invited local and international banks to compete for a role as an advisor on the sale of its 20% stake in ALEXBANK.

The two members of Intesa Sanpaolo Group have presented the report, titled “The Suez Canal: The Impact of War and the Pandemic on Maritime Routes, an analysis of port competitiveness indicators, the role of Egypt in global trade and the development of the SCZone” in an event on April 2nd.

In 2006, Egypt, in a major privatization deal, sold 80% of AlexBank for $1.6 billion to Sanpaolo IMI, which the following year merged with Banca Intesa to create what is now Italy's largest banking group.