The French CREDIT AGRICOLE has taken control of Egyptian bank EGYPTIAN AMERICAN BANK (almost 63 million euro net bank output, with 1200 staff and 36 branches and 2% national market share) by acquiring the 40.83% stake of American company AMEX and the 33.81% stake of Egyptian bank? BANK OF ALEXANDRIA, which is in the process of being privatised. The total cost of the operation based on 100% of the capital is 421 million euro.