Egyptian Banks Company

IFIC owned entity - Misr Iran Development Bank owns shares in Egyptian Banks Company

Status:Risk Alert – Entity in a problematic sector - Sector controlled by the Top Alert entities

Risk Level:unknown %

According to the official website of Egyptian Banks Company, Misr Iran Development Bank is one of the shareholders of Egyptian Banks Company;

Misr Iran Development Bank owns 2.21% shares of Egyptian Banks Company;

According to the Misr Iran Development Bank from Egypt annual report, Iran Foreign Investment Company (IFIC) owns 40.15% of its shares. Iran Foreign Investment Company is used by the mullahs to invest money around the world and is investment arm of the “Oil stabilization Fund”;

These investments by the Iran Foreign Investment Company (IFIC) are used to circumvent U.S. sanctions on Iran Regime;

The U.S. Department of the Treasury identified Iran Foreign Investment Company (IFIC) to be owned or controlled by the Government of Iran. By identifying these entities – including banks, investment companies and technology firms – U.S. persons and others are better able to identify Iranian Government entities and protect themselves against the risks posed by such entities. IFIC is added to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on 11/05/2018;

Banking Sector


No. 223, Off 90 St., behind Dusit Thani hotel, Fifth settlement, New Cairo, Cairo, Egypt

+20 (2) 2614 9502



Reason for the color:
» Misr Iran Development Bank owns shares in Egyptian Banks Company;