About Blom Bank Egypt
Blom Bank Egypt is a company based in Cairo (Egypt) founded in 1977 was acquired by Bank ABC in January 2021.. Blom Bank Egypt operates in a competitive market with competitors including CIB Egypt, Banque Misr, Scotiabank, Afreximbank and Crdit Agricole Egypt, among others.
- Headquarter Cairo, Egypt
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Sectors
Financial Services
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Email
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Phone
*********
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Website
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Social
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Funding Insights of Blom Bank Egypt
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Blom Bank Egypt
Blom Bank Egypt has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Bank ABC. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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A commercial bank offering deposits, loans, and payment services to customers.
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Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Blom Bank Egypt
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Blom Bank Egypt
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Blom Bank Egypt Comparisons
Competitors of Blom Bank Egypt
Blom Bank Egypt operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as CIB Egypt, Banque Misr, Scotiabank, Afreximbank and Crdit Agricole Egypt, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Commercial banking services are provided across Egypt's private sector.
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Commercial banking services are offered by Banque Misr in Egypt.
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Commercial banking services are provided internationally by Scotiabank.
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Trade finance and commercial banking services are provided across Africa.
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Commercial banking services are provided in Egypt by this institution.
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Operates as a commercial bank, offering deposits, loans, and payment services.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Blom Bank Egypt
Frequently Asked Questions about Blom Bank Egypt
When was Blom Bank Egypt founded?
Blom Bank Egypt was founded in 1977.
Where is Blom Bank Egypt located?
Blom Bank Egypt is headquartered in Cairo, Egypt.
What does Blom Bank Egypt do?
Blom Bank Egypt was founded in 1977 and is based in Cairo, Egypt. Commercial banking activities are conducted, with services such as deposits, loans, and payment processing extended to retail and corporate clients. Operations are centered on the Egyptian financial sector, where local market needs are addressed through branches and digital channels. The bank maintains compliance with regional regulations while handling everyday transactions and advisory support.
Who are the top competitors of Blom Bank Egypt?
Blom Bank Egypt's top competitors include Scotiabank, CIB Egypt and Banque Misr.
Who are Blom Bank Egypt's investors?
Blom Bank Egypt has 1 investor. Key investors include Bank ABC.