©2021 iGrafx, LLC. All Rights Reserved. Case Study The Story When Piraeus Bank Egypt SAE (PBE) was founded in 1978 as the Alexandria Kuwait International Bank, its role was to serve the large number of Egyptian expatriates living in Kuwait. Since then, the bank has extended its remit and grown to be one of the Egyptian financial sector’s best-known institutions. After becoming the Egyptian Commercial Bank (ECB), as a result of changes in its capital shareholding, in 2005 it was integrated into Piraeus Bank Group—the Greece-based bank with more than 570 branches across the US, UK, Serbia, Romania, Cyprus and Albania and assets in excess of €18 billion. As the Egyptian arm of Piraeus Bank Group, PBE now offers both corporate and retail banking products, as well as treasury and inve

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