Latest in Tag: National Bank of Egypt Highlight
Latest in Tag: National Bank of Egypt
NBE meets investors of industrial zones in Beni Suef, Minya, and Assiut
Bank’s SME loans portfolio amounted to EGP 32bn to 53,000 projects
Egypt’s top 5 banks accounted for 77.7% of total profits of banks operating in Egyptian market by end of March 2017: CBE
Total profits amounted to EGP 30.516bn at the end of first quarter of 2017, top 10 banks mark profits of EGP 26.234bn
CIB named best bank in Egypt this year, Ahli United Bank most efficient, NBE dominates customer satisfaction: Business News
EG Bank doubles its financial position, remains fastest growing bank for the second year in a row
NBE retail sector clients amounted to 7.1 million at end of March 2017
Retail sector deposits reach EGP 798bn, retail loans increased to EGP 41bn
NBE, Banque Misr extend working hours to collect taxes electronically
59 branches of NBE work until 5.00pm, 75 branches of Banque Misr work until 7.00pm to help financers repay required amounts
NBE will secure its branches with Egyptian technology to support Egyptian products
NBE signed a contract with Benha Electronics Company to supply electronic, metal-detecting security gates
Benha Electronic Industries supplies 62 metal detectors to NBE
The National Bank of Egypt (NBE) signed a contract agreement with one of the Ministry of Military Production’s subsidiaries, Benha Electronic Industries, to supply 62 metal detector gates to the bank. The contract was signed by the chairperson of the company, Magdy Hamdeen, and Hossam Salah Eldeen, the head of administrative support at the NBE. …
NBE injected EGP 7.5bn to finance 9,200 SMEs in first year of CBE’s initiative to support these projects
77% of SMEs obtained loans to expand its existing activities and 23% to newly established projects
EETC, NBE, agree upon EGP 18bn loan to strengthen the transmission network
The Egyptian Electricity Transmission Company (EETC) agreed with the National Bank of Egypt (NBE) to borrow EGP 18bn to strengthen the national electricity grid. Chairperson of the Egyptian Electricity Transmission Company Gamal Abdel Rahim, said that the company will sign the contracts with NBE at the end of the month, noting it will be a …
NBE to increase retail banking portfolio to EGP 43bn by end of June
We aim to transfer the micro-finance portfolio to the retail sector and increase mortgage volume to EGP 5bn by the end of June 2018
NBE arranged 10 syndicated loans worth EGP 50bn in 2016
NBE occupied the first position in the Egyptian market, and the third position in Africa, according to Bloomberg
I expect a major breakthrough for the economy and banking activity in H2 of 2017: Abu ElFotouh
NBE has SMEs, industry, exports as top priority in 2017
NBE provides $800m for imports following pound flotation
Fluctuations in the US dollar exchange rate are normal initially and will not last long, says Okasha
Do not worry about volatility of exchange rate: bank leaders
Egypt is undergoing a new experience, and stability of the market relies on increasing foreign exchange resources
NBE, Misr Life Insurance sign cooperation protocol to benefit from e-payment tools
In light of the National Bank of Egypt’s (NBE) interest in improving the services it offers its customers to facilitate banking transactions and maintain leadership in providing electronic banking services updates, Hazem Hegazy, NBE CEO for retail banking and small- and medium–sized enterprises signed a corporation protocol with Ahmed Abdel Aziz, chairperson of Misr Life …
NBE, Banque Misr, Banque du Caire launch EGP-denominated saving certificates with 20% interest rate, 18-month maturity period
The banks also launced three-year certificates with a 16% interest rate
State banks boost their investment in treasury bills by EGP 13.8bn in July: CBE
Banking sector accounts for 77% of total outstanding balances of bills
NBE prepares to launch international bonds worth $600m in international markets
Industrial sector acquires 18% of SMEs’ loans; NBE targets to double them
NBE finances purchase of 12,500 low-income housing units worth over EGP 1bn
The CBE previously launched an initiative to stimulate mortgage funding for low-income citizens until the end of August
Government salaries programme with Visa is a step to activate financial inclusion efforts: Mahfouz
Visa offers a large variety of solutions and products that provides customers with easy paying and receiving funds solutions, said the general manager of Visa Egypt
NBE donates EGP 50m to Zewail City of Science and Technology
Chairperson of the National Bank of Egypt (NBE) Hisham Okasha said that the bank’s board of directors agreed on donating EGP 50m to the Tahya Misr Fund – Zewail City of Science and Technology. The fund is specialised in receiving donations to complete establishing the biggest project that supports scientific and technological research in Egypt …
NBE and PBDAC sign cooperation protocol to serve clients of both banks
This protocol will enable the NBE to install ATM machines at PBDAC branches in towns where the NBE currently lacks presence
NBE raises interest rate by 1% on savings accounts, 0.75% on deposits
Banque Misr may approve a limited increase of the interest rate on short-term savings funds
NBE secures EGP 30m of loans for Taba and Nuweiba resorts: member of Nuweiba-Taba Investors Association
NBE secures EGP 30m of loans for Taba and Nuweiba resorts: member of Nuweiba-Taba Investors Association
NBE aims to increase size of SMEs portfolio by 20% by end of next June: deputy chairperson
The bank follows a special philosophy in dealing with these enterprises based on sustainable development and focusing on quality along with quantity
SME Banking Egypt 2016 begins on Monday under ‘Roadmap for the Future’
Daily News Egypt to monitor major challenges facing the banking sector and provide a comprehensive vision to support it
Public banks stop selling their 15% interest certificates on Sunday
The three state-owned banks have begun offering these certificates in mid-March 2016
NBE, CIB, Banque Misr, QNB Al-Ahli, HSBC hold over half of banking sector’s total profits as of December 2015
The CBE said in a recent report that the net profit of the banks operating in Egypt reached EGP 35.882bn as of the end of December 2015
NBE records EBT of EGP 10.4bn during FY 2014/2015
The bank also achieved a 23% growth in loans granted to small and medium-sized enterprises (SME) with EGP 16.6bn provided through June 2015, while retail loans increased by 20% to reach EGP 31.5bn in June 2015
NBE, Banque Misr to post joint profits exceeding EGP 9bn
Banque Misr achieved net profits of EGP 2.51bn after taxes in FY 2013/2014, while the NBE achieved net profits of EGP 3.7bn in the same year