Barclays Bank Egypt has a long history of world class financial servicing in Egypt, having been strongly present in the Egyptian market since 1864. Barclays operated as a joint venture company with Banque du Caire with Barclays PLC increasing its shareholding equity to 60% by 1999. In March 2004, Barclays Bank Egypt acquired the remaining 40% with 100% ownership and control of the local business.

Being an active member of the international Barclays conglomerate, Barclays Bank Egypt capitalizes on the expertise and empowerment of the global enterprise to offer high value and unique products and services across the Egyptian market.

Services and Products: Barclays is looking to grow its market share in various areas of the banking sector in Egypt, this constitutes new offerings in the retail and commercial fronts. Barclays is building on its successful history in the Corporate Banking and has developed specialized business modules for the SMEs sector. The customized proposition is seen as the most suitable SME Finance solution in the market due to its holistic offerings ranging from mere finance to vocational training of management and specialized workshops by industry.

In the retail segment, Barclays expanded its retail franchise through the introduction of customer-focused products such as the car finance scheme, personal loans, certificates of deposits, daily interest bearing accounts, and the re-launch of credit cards business. Barclays is now ranked number 1 issuer of credit cards and one of the biggest banks in offering auto loans in the country.

Part of this growth is to offer customers more accessibility to the bank through the introduction of a set of added value services in electronic payment such as remote payment systems, Correspondence Banks, Cash Pick-Up and the Cash Deposit Machines, Bulk Cash and Cash Management Services.

Barclays is extremely dedicated to support the communities within which we operate and in Egypt we are committed to setting an exemplary model in corporate social responsibility. At Barclays we dedicate up to 1% of our profits before tax to corporate social investment initiatives, meaning that the better we perform the more we can contribute to enhancing our community.

We engage our communities through partnering with local associations to support initiatives that enable sustainable economic growth. We have also created a world-class volunteering program that has secured staff participation where both our employees and leaders are encouraged to give their time and skills to local associations.

In 2008, Barclays Egypt was able to extend funding to over 14 organizations, helping over 20,425 underprivileged individuals, over half of them children, with 875 Barclays Egypt staff volunteering 3,500 hours of their time to help their communities. Barclays Egypt reached out to those hundreds of residents left homeless in the Doweika community after the massive rockslide by extending assistance to ensure basic necessities such as food, water, and shelter were provided. Barclays Egypt also reached out to sick, disabled, orphaned, and underprivileged children this year through a series of activities aimed at helping ease suffering. Youth were also included as being the heart of Barclays Egypt community program in 2008 providing funding for a program aimed at empowering 600 young women with ICT and leadership skills.

Employing more than 2,000 people, Barclays Bank Egypt serves more than 100,000 customers across the country through a network of over 60 branches and 93 in-branch and off-site ATMs.