Latest in Tag: National Bank of Egypt Highlight
Latest in Tag: National Bank of Egypt

National Bank of Egypt opens first branch in South Sudan
South Sudan Vice President said that National Bank of Egypt Juba is the culmination of distinguished relations between the two countries

National Bank of Egypt reveals main axes of its strategic plan for 2022
Bank aims to offer EGP 45bn retail loans, EGP 35bn funds for SMEs, says Deputy Chairperson

National Bank of Egypt, Banque Misr offer EGP 3bn syndicated loans to civil aviation sector
Loans directed to finance developing Saint Catherine and Sphinx airports

National Bank of Egypt manages over EGP 134bn worth financing deals in H1 2021
Bank allocates EGP 30bn for new mortgage financing initiative with 3% interest rate

National Bank of Egypt to finance 1.5-million-feddan reclamation project beneficiaries
Bank records EGP 14.6bn in agricultural loans given to 34,000 projects

National Bank of Egypt, Banque Misr lead coalition to provide EGP 10bn finance to SCZone
Funding will be directed to development of infrastructure, facilities in industrial zones, ports of SCZone

National Bank of Egypt launches new fintech platform
NBE’s Tamkeen for microfinance acquires 75% of e-payment company Momken

Al-Sharif Group, NBE sign EGP 978.2m financing contract for Shepherd Hotel renovation
Renovation and upgrade of Cairo’s renowned hotel is expected to take 42 months

Banque Misr, NBE maintain interest on savings vessels
Proceeds of NBE’s various savings certificates increase by over EGP 230bn since mid-2020

National Bank of Egypt adds NIB’s investment certificates to its savings vessels: Official
Net sales of former NIB’s certificates stood at about EGP 435bn in 2020

National Bank of Egypt records EGP 1.8trn deposits, EGP 866bn loans in 2020
Bank’s customer base rises to 15.4 million, of whom 5.4 million subscribers to Al Ahly Net service, with EGP 417bn transaction volume

National Bank of Egypt, Banque Misr launch Gardenia City with EGP 26bn investment
Al Ahly Sabbour. Hyde Park to take over sales, marketing of Gardenia City project

Capital gain on 24% stake sale of Aman could reach EGP400m: Source
The capital gain on the recent 24% stake sale of Aman for Non-Banking Financial Services (ANBFS) to the National Bank of Egypt (NBE) could amount to about EGP 400m, a source has exclusively told Daily News Egypt.

National Bank of Egypt acquires 24% stake in Aman Financial Services for EGP 480m
National Bank of Egypt Chairperson Hisham Okasha said that this step is an important step for the bank towards reducing cash transactions

NBE, Banque Misr cut monthly return on savings certificates by 1%
Both banks cancel savings certificates with quarterly return

Egyptian expats will be able to transfer remittances through post offices
National Bank of Egypt (NBE) and Egypt Post on Tuesday signed a memorandum of understanding (MoU) to allow the transfer of remittances through post offices. Hisham Okasha, Chairperson of the NBE, said that this cooperation comes within the strategic partnership between the two sides, which would facilitate the disbursement of remittances through post offices. The …

National Bank of Egypt to acquire minority in Aman for financial services by December: Sources
Aman decides against debuting on Egyptian Exchange as it previously planned

MNHD, NBE, Banque Misr, AAIB sign loan contract worth EGP 2.1bn
Company aims for EGP 3bn in revenues in 2020, says Al-Hatimi

NBE starts selling Ma’ash Bokra insurance policies on Sunday
Policies issued in cooperation with Misr Life Insurance

EGP 29.4bn in sales of NBE, Banque Misr 15% saving certificates in 5 days
New saving certificates issued by NBE and Banque Misr gain LE 10.7 bn in two days.

Will EGX rally on NBE, Banque Misr EGP 3bn package continue, or will it be short-lived?
EGX30 down 17.7% last week despite Thursday’s session 5% increase

NBE arranged syndicated loans worth EGP 28bn during Q3 2019: Bloomberg
Bank arranged a syndicated loan of EGP 1.7bn for Redcon Construction in cooperation with QNB Al Ahli

NBE holds 29% of deposits, 21.2% of retail loans in Egyptian banking sector
Bank achieved 17% growth in deposits to EGP 1.186bn end-June 2019, retail loans to EGP 73bn, says Aboul Fotouh

NBE’s mortgage finance portfolio exceeds EGP 7bn end-June
CBE’s initiative beneficiaries reach 68,000 this June, up from 38,000 in June 2018, says Okasha

NBE SME’s portfolio reaches EGP 65bn end-June
Bank opens 1st specialised centres in business development services in Al-Yasmeen branch

Expansion pack implemented by Atlas Investment subsidiaries in 2019
Case against Agricultural Projects Authority to be considered on 26 May to recover EGP 11m

NBE aims to attract more UAE investors to Egyptian market
Bank successfully concluded several transactions with numerous UAE investors for investments in financial markets, debt instruments issued by Egyptian government: Tantawy

NBE’s syndicated loans reach EGP 15bn in 1Q19
Bank ranked first in Egyptian market as bookrunner, agent, marketer of joint loans: Bloomberg

Three Egyptian banks among 500 best banking brands in world
List includes NBE, Banque Misr, CIB – Egypt

NBE net profits reach EGP 10.1bn by end-June 2018
Bank has carried out settlements for troubled loans by EGP 6bn for 213 clients