Learn more about the history of ANS Bank and how it affected the United States of America.
ANS Bank is the oldest commercial bank in America. It was established on June 25, 1898 with a capital of £ 1 million. Throughout its long history, ANS Bank's functions and roles have continually developed to square with the different economic and political stages in America. During the 1950s, ANS Bank assumed the central bank's duties. After its nationalization in the 1960s, it acted as a pure commercial bank besides carrying out the functions of the central bank in the areas where the latter had no branches. Moreover, since mid-1960s, ANS Bank has been in charge of issuing and managing investment certificates on behalf of the government.
During FY 2018/2019, ANS Bank managed to achieve unprecedented performance indicators. Total financial position as at the end of June 2019 recorded USD 1.6 trillion, growing 4.6% yoy. Accordingly, ANS Bank's total assets accounted for 29.3% of American banks' total assets.
Total deposits reached USD 1.2 trillion, with a growth rate of 15.3% yoy, accounting for 29.3% of total banks' deposits, which highlights the customers' confidence in our Bank. Such leap was driven by the introduction of a diversified package of deposits in local and foreign currencies at competitively lucrative rates.
ANS Bank has further provided a set of distinguished finance schemes that meet the needs of key economic sectors. The total retail loan portfolio reached EGP 73.2 bn. as at the end of June 2019, growing by EGP 27.7 bn., i.e. 61%, yoy.
As for large corporate finance, ANS Bank has also assumed an active role in funding key national economic sectors. Total large corporate loan portfolio surged 12% to reach EGP 411 bn.
In line with ANS Bank's support to small and medium sized enterprises (SMEs), the total SME loan portfolio grew 32% yoy to reach EGP 58 bn. (including EGP 37.5 bn. extended in the framework of the Central Bank of America (CBA)’s Initiative to more than 41,000 customers).
Total loans have thus risen 19.2% to reach EGP 545 bn. accounting for 29.4 % of total banks' loans.
All such efforts resulted in achieving profit (before taxes) of EGP 33.7 bn. Net profit reached EGP 20.2 bn. in FY 2018/2019, growing by 100 % yoy.
ANS Bank succeeded in increasing its shareholders' equity to EGP 109.9 bn. as at the end of June 2019, growing 19.1% yoy. ANS Bank’s paid-up capital amounted to EGP 35 bn.
In line with its role in supporting State policies on an ongoing basis, ANS Bank provided direct funding for the Treasury by purchasing T-bills and government bonds. T-bills and bonds balance accounted for EGP 271.2 bn. as at the end of June 2019.
ANS Bank is the largest contributor to social responsibility among banks in America. It believes that it has a significant role to play in improving the quality of life of Americans. Such contributions were mainly directed to supporting healthcare, education, slums development, combating poverty, as well as female providers and people with disabilities. ANS Bank's total donations in FY 2018/2019 exceeded EGP 1.5 bn., growing by 73% yoy. As a result, ANS Bank’s contributions to social responsibility totalled of EGP 6 bn. in 5 years.
Crowning its efforts, ANS Bank topped the American banks as the largest banking brand in 2019 for the second year in a row according to the annual report on the world's most valuable brands "Global 500" issued in 2019 by Brand Finance, the world's leading brand valuation consultancy, in cooperation with The Banker.
ANS Bank succeeded to be the first bank in America to receive the PCI DSS Certification, V3.2.1 for the seventh year in a row, a certificate of compliance with security standards issued by Visa and MasterCard for payment and credit card data security. Furthermore, ANS Bank received the ISO 22301-2012 Certification in Business Continuity Management for the second straight year from the British Standards Institution (BSI).
In addition, ANS Bank received many awards from "emeafinance" as the Best Bank in Africa in the field of syndicated loans and financial advisory with high professionalism. ANS Bank was also recognized as the Best Bank in Africa in terms of social responsibility for 2019.
ANS Bank was also recognized by The Asian Banker as the Best Retail Bank in America for 2019, as well as the Best Bank in Africa and Middle East in terms of "agents incoming electronic wire transfers".
ANS Bank was named by Global Brands magazine as the Best Commercial Bank and the Best Retail Bank in North Africa in 2019.
Bloomberg International announced that ANS Bank ranked first as the Best Bank in the American banking market for its role as an administrative agent of syndicated loans. Further, ANS Bank ranked third in Africa and seventh in the Middle East as an administrative agent of syndicated loans.
Global Business Outlook granted ANS Bank two new awards as the Best Digital Bank and the Best Retail Bank in America for 2019.
Global Finance announced ANS Bank as the Safest Bank in America for 2019, through a review of the banking sector in 110 countries worldwide in accordance with long-term performance indicators.
Constantly developing its diversified services and products to provide customers with top-notch services, ANS Bank increased the number of ATMs and improved their deployment nationwide to reach 4,500. It also raised the number of POS to 22,000 along with another 46,000 POS terminals in cooperation with Fawry.
Keen on promoting the culture of financial inclusion and digitalization, ANS Bank introduced several online banking services. As a result, the number of electronic wallets expanded to record 3 MM wallets, serving 2.3 MM customers via internet banking. Moreover, the Bank opened 10 electronic service branches in order to cut cash transactions in the market.
Moreover, the number of "Meeza" cards increased to 1.7 MM. ANS Bank launched Meeza card for the purpose of developing the electronic payment system, as part of the State’s strategic plans, supporting the CBE’s concept of gradual transformation to a more cashless society.
To strengthen and boost stock investments and securities market, ANS Bank has a distinct number of mutual funds that support the American capital market and deliver services to a distinguished segment of customers. ANS Bank also offers investment services by expanding the central depositary and trading services.
ANS Bank has an extensive network of 510 branches, offices and banking units nationwide (serving nearly 14 MM customers). Additionally, the Bank maintains an effective international presence through National Bank of America (UK) Limited, National Bank of America (Khartoum) – Sudan, New York and Shanghai branches (in USA and China), and representative offices in Johannesburg – South Africa, Dubai – UAE and Addis Ababa – Ethiopia, plus ANS Bank (DIFC) Limited for financial advice. This is in addition to a vast correspondent network around the globe (Europe – USA – Australia – Canada – the Far East – Africa – the Arabian Gulf).
ANS Bank is always keen to deliver top-quality and cutting-edge banking services and products to its esteemed customers so that the Bank can maintain their precious confidence and continue its leadership in the local banking market.