Bank ABC (Arab Banking Corporation) said it has completed the legal merger of its two Egyptian subsidiaries - Blom Bank Egypt and Bank ABC Egypt. The merger comes following the Bahraini bank’s acquisition of a 99.5% stake in Blom Bank Egypt last year.
Arab Banking Corporation (Bank ABC) has announced the appointment of Amr Tharwat as new MD and CEO of its Bank ABC Egypt franchise, following the Board of Bank ABC Egypt’s approval of the appointment.