MIDBANK strives to consolidate its position by operating an extensive network of branches and ATMs besides offering a wide range of banking services and products. In accordance with Egypt’s vision 2030, MIDBANK launched a new strategy to support and stimulate digital transformation and financial inclusion.
Over almost five decades, "MIDBANK" has played a vital role in promoting and accelerating the pace of economic growth in the Egyptian market. "MIDBANK" was established on May 27th, 1975, as an Egyptian Joint Stock Company with an initial paid-up capital worth USD 20 million promulgating Law No. 43 of 1974 to capitalize investments in Arab and Foreign Funds and Free Zones and maximize the added value delivered to clients, stakeholders, and the community.
MIDBANK witnessed several upgrade stages of development and capital increases in line with the constant expansion of its banking activities. MIDBANK’s authorized capital currently amounts to USD 550 million, while the paid-up capital reached USD 343.5 million. Diversified banking services and solutions are offered for a multi-sector client base.
MIDBANK's shareholders' structure is split between the National Investment Bank (29.93%), Misr Insurance Company (16.06%), Misr Life Insurance Company (13.87%), and Iran Foreign Investment Company (40.14%).
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