Egyptian Arab Land Bank
About Company
About Egyptian Arab Land Bank
The Egyptian Arab Land Bank supports the Egyptian economy. It was founded to contribute to national development. From the beginning, it focused on improving the agricultural sector.
In this context, the bank provides loans to farmers and landowners. These loans help increase land productivity and improve agricultural output. As a result, they support economic growth in rural areas.
Growth of the Bank
Over time, the bank has grown significantly. It is now considered one of the leading specialized banks in the region. Moreover, it has built a strong reputation in the Arab banking sector.
In addition, it serves both individuals and businesses. The bank also offers simple and integrated financial services to meet different customer needs.
Historical Background
The idea of the bank began in 1946. At that time, the Arab League issued a resolution to establish the Arab Land Bank. Consequently, Egypt supported the initiative through a royal decree.
The bank was first registered in Cairo as a joint stock company. It also aimed to operate in Palestine to support land development and local communities. However, the events of 1948 interrupted its activities in the region.
Later in 1951, the bank was re-registered in Jordan. Since then, it continued its operations in both the East and West Bank.
Modern Identity
In 1999, the Egyptian Cabinet officially changed the bank’s name. As a result, it became the Egyptian Arab Land Bank.
This change reflected a broader vision. It also highlighted the bank’s role in supporting Arab economic development.
Present Vision
Today, the bank operates in Egypt, Jordan, and Palestine. It provides services for both individuals and corporate clients.
Furthermore, the bank aims to support economic and social development across the region. It continues to offer reliable banking services in a changing financial environment.