Latest in Tag: NBE Highlight
Latest in Tag: NBE
NBE signs financing contract worth EGP 393m to replace, renovate Winter Palace Hotel in Luxor
This comes within the framework of the CBE’s initiative, which aims to finance the replacement and renovation of residence hotels, floating hotels, and tourist transportation fleets.
NBE pumps $424m to fund 96 companies in service, industrial, and tourism sectors
Loans directed to several areas, including machinery, with aim of reducing carbon emissions
NBE offers 3-year savings certificate with annual return of 17.25%
The bank issued another 3-year certificate with annual return of 16.25%, which will be disbursed quarterly, and with annual return of 16.5% in case of biannual disbursement.
NBE delegation follows up on ITI-supported training academy
ITI, NBE partnership enhances capabilities of human resources: Heba Saleh
NBE, BM achieve profits of EGP 102.6bn before taxes within 18 months
The statements also indicated that NBE achieved net profits after taxes of EGP 29.7bn, as the bank paid EGP 36.3bn in taxes to the state treasury.
Cooperative Insurance Association guarantees risk of non-payment of EGP 300m in favour of NBE
CIS Managing Director Mostafa Abu Al-Azm said that the coverage was assigned by NBE from the financing of the Micro, Small, and Medium Enterprise Development Authority (MSMEDA).
NBE inaugurates NBE-Juba PLC branch in South Sudan
The bank was granted the required licenses from the Central Bank of Egypt (CBE) and the Bank of South Sudan (BSS) to take the necessary actions to maintain its presence and conduct business in South Sudan.
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 to open its first branch in South Sudan on Tuesday
National Bank of Egypt’s presence in Juba achieves more cooperation, development in Africa: Vice Chairperson
NBE raises stake in Afrexim Bank by $326.6m
This comes after Afrexim Bank invited shareholders to participate in increasing its issued capital by $6.5bn, of which it is currently paying 40% at a value of $2.6bn.
Banking alliance led by NBE grants EGP 12.5bn to Canal Sugar Company
Al-Ahly Capital contributed with a direct investment of EGP 1.62bn, provided foreign investment financing worth EGP 7.516bn
NBE, ABE grant General Authority for Reconstruction Projects, Agricultural Development joint loan worth EGP 3bn
This is to provide the necessary funding for the implementation of the pilot phase of the modern irrigation system in the governorates of Beni Suef and Qaliubiya as an initial stage.
Egypt’s ITI, NBE to qualify human cadres for needs of the labour market
The agreement between the ITI and the NBE provides opportunities for employment in the bank after training for a limited number of distinguished trainees.
NBE, Banque Misr offer one-year 18% saving certificates
Yehia Abou El-Fotouh, Vice Chairperson of the NBE, said the bank’s new one-year saving certificates’ interest will be paid monthly.
Banque Misr, NBE, Banque du Caire agree to launch $85m MEA-focused ‘Nclude” fund for fintech
Participating investment entities also include e-finance, Egyptian Banks Company, and Global Ventures
NBE, ITI sign protocol to qualify youth for labour market
The agreement was signed at the National Telecom Regulatory Authority (NTRA) in Nasr City. The signing ceremony was witnessed by Minister of Communications and Information Technology Amr Talaat, and Chairperson of NBE Hisham Okasha
Afreximbank, NBE commit to enhance investment, trade Egypt
New agreement to establish Joint Project Preparation Facility between two institutions
NBE manages 51 financing deals worth over EGP 235bn in 2021
Bank ranks first in Egyptian, African banking markets as financing agent, main arranger, marketer of syndicated loans during 2021: Bloomberg
NBE, Misr Life Insurance launch new investment fund
The amount of insurance in the “Al-Ahly Life” fund is equivalent to the market value of the insured’s documents owned by the client at the end of the month of death, without a minimum and a maximum of EGP 250,000.
NBE, Fast Cab Technology cooperate to support new ridesharing app ‘aseel’
NBE would basically offer car loans to aseel drivers
NBE gets $200m loan from AIIB, OPEC Fund to support infrastructure in Egypt
AIIB Vice President for Policy and Strategy Sir Danny Alexander attended the loan agreement signing ceremony in the United Arab Emirates.
NBE contributes to increasing Mwasalat Misr’s capital as new shareholder
The partnership between the bank and Mwasalat Misr was based on the company’s future vision for the coming years, which includes studying investment in some new strategic projects, expanding the current activities and services it provides, and entering some areas where they were not present.
NBE, Banque Misr offer syndicated loan worth EGP 2.5bn to Palm Hills-affiliated company
A banking alliance consisting of Banque Misr and the National Bank of Egypt (NBE) signed a long-term joint financing contract for Palm Investment and Real Estate Development Company, a subsidiary of Palm Hills Developments with a value of EGP 2.5bn. Banque Misr will act as the first main arranger, finance marketer, and financing agent, while …
NBE, Banque Misr, Banque du Caire launch EGP 1bn fund to support fintech, innovation
Step comes in line with Egypt’s plan to transform into regional centre for Arab, African financial technology
Environment Ministry, NBE partner to support ‘Eco Egypt’ campaign
Campaign aims to support ecotourism and natural reserves, whilst raising environmental awareness
NBE, Geidea cooperate to deploy POS across Egypt
In cooperation with the NBE, Geidea has obtained an electronic payment facilitator licence from the Central Bank of Egypt (CBE) in preparation for the launch.
NBE grants Maxim Development EGP 450m to speed Bo Sidi Abdel Rahman operations
Maxim Development plans to deliver more than 1,200 units in 2021
NBE’s Tamkeen for microfinance begins activities in Upper Egypt
Company plans to acquire number of fintech, non-banking service companies during next three years, integrate them into current platform, says Chairperson Dalia Al-Baz
NBE provides services to clients at New Administrative Capital through mobile unit
Bank is keen to increase financial inclusion among Egypt’s youth, one of country’s most important segments that NBE seeks to include
Misr Life Insurance’s ‘Maash Bokra’ product available in over 150 NBE branches
The Misr Life Insurance Company has announced that the Ma’ash Bokra (“Tomorrow’s Pension”) product is now available in over 150 branches of the National Bank of Egypt (NBE) nationwide.