Cr?t Agricole Egypt was established in September 2006 following the successful merger of Calyon Bank Egypt, the Egyptian affiliate of Cr?t Agricole Group, and the Egyptian American Bank. Cr?t Agricole Egypt is majority controlled by Credit Agricole Group (Credit Agricole S.A. and Calyon), the second largest shareholder is Mansour and Maghrabi Investment and Development (MMID), the strategic partner of Credit Agricole Egypt.