* MIbank is one of the largest private banks operating in Egypt. Established in 1978 * 1996 MIBank sold 10% of its shares to the Egyptian public in an initial public offering. The remaining shareholders were Misr with some 55%, Banca di Roma International (10%), British Arab Commercial Bank (8.5%), Commerzbank and Banco Central Hispano Americano (jointly 7.875%) and Sakura Bank (2.625%). * 2004 Banque Misr merged in Misr Exterior Bank. * 2005 National Société Générale Bank (NSGB), a joint venture between National Bank of Egypt and France's Société Générale, acquired a majority stake in Misr International Bank (MIBank), making NSGB Egypt’s biggest private sector bank.
