Crédit Agricole Indosuez Egypt started operations in 2001 when it acquired, along with El Mansour and El Maghraby for Development & Investment Group MMID, 94% of Crédit International d’Egypte previously owned by Crédit Commercial de France CCF and the National Bank of Egypt.

In 2005 Crédit Agricole Indosuez Egypt merged with Crédit Lyonnais (Egypt Branch), thus jointly founding Calyon Bank Egypt.

In January 2006, Crédit Agricole Group along with its Egyptian partner El Mansour and El Maghraby for Development & Investment Group acquired the majority stake in the Egyptian American Bank with key objective to create a top leading operational bank, in retail, corporate and investment banking.