The Arab Egyptian Land Bank was established in 1880 in order to
bolster the cycle of the Egyptian economy. The Bank inaugurated then its first
major objectives through contributing to the development of the Egyptian
agricultural sector by way of extending loans to agricultural land owners for
improving their land productivity, bolstering the cycle of the Egyptian
economy, and attaining the concepts of communication with all the segments of
the local community. These objectives are intended to activate the productive
and economic resources of these segments and to enhance the movement of
building and national development. Since establishment and over (139) years, the Bank has realized
enormous growth and has today become one of the specialized major banks in the
region and a renowned name in terms of providing banking services and
contributing actively to socioeconomic development. Besides, the Bank extends
services in the Hashemite Kingdom of Jordan, Arab Republic of Egypt, and
Palestine as a regional commercial bank; particularly as the Bank provides comprehensive
and well-integrated packages of banking services to its clients comprised of
both companies and individuals. The Bank has retained its pioneering role in all difficult times
through which the whole area has already gone and during which the Bank has always
assumed its responsibilities and duties. Thus, the Bank has deservedly earned
the reputation affiliated to its name as the oldest Bank in the area and which was
founded according to a decree issued by Khedive/ Tawfiq on 15 February 1880.
That decision provided for establishing a shareholding company in the name of
Egyptian Land Bank intended to make a contribution to enhancing the
agricultural sector through providing loans to land owners then. In March 1946, the League of Arab States issued a decree to
establish the Arab Land Bank in accordance with the Royal Egyptian Decree under
the name “Arab Land Company”. The Decree specified the goals of the company in
terms of extending support to the Palestinians during Israeli occupation
of the Palestinian lands by giving them loans to buy agricultural supplies for
their land reclamation. On June 13th, 1999, a presidential decree was adopted merging
the (Egyptian Land Bank) with (Arab Land Bank) whereby this decision would
be the beginning of the establishment of the bigger Banking entity in Egypt
specialized in the field of Land investment and where all commercial activities
would take place as a comprehensive commercial bank in The Hashemite Kingdom of
Jordan and Palestine and the total assets thereof after the merger reached more
than USD 3.2 Billion. On Nov. 16th,1999, the General Assembly of the Arab Land
Bank held a meeting whereby it was decided to change the name of the bank to
become (Egyptian Arab Land Bank) as of 01.01.2000. On May 2018, the Bank Management decided to change the
institutional identity of the company to promote its image in the current three
markets (Egypt, Jordan, and Palestine) under the slogan (We Change … We Innovate)
in order to ensure that the new banking identity reflects comprehensive
respect for our heritage taking into consideration youth generations
requirements. Therefore, a change of the slogan has been updated along with the
start of the new phase being launched while retaining the picture of the
Dome of the Rock within the new slogan as a symbol of the historical roots for
this deep-rooted establishment and its unitary concepts. Over the past 139 years and since establishment thereof, the Bank has
nowadays constituted a comprehensive model for extending all banking services
and made an effective contribution to all aspects of socioeconomic development.
The Bank provides services as a comprehensive commercial bank and extends
fully-integrated packages of banking services to its clients comprising small,
medium, and large companies as well as individuals. Despite the numerous changes which the Bank has witnessed both
internally and externally throughout its operation and success, the Bank has
not changed its commitment to provide distinguished and reliable banking
services to citizens and Arab economy altogether.