Latest in Tag: NBE Highlight
Latest in Tag: NBE
Mehleb witnesses signing of pollution control funding agreement worth €70m: Cabinet
Project to provide technical and financial support to industrial facilities in line with environmental laws for pollution reduction
$1.1bn decrease in foreign reserves from October to November: CBE
Decline mainly due to the repayment of accrued deposits to Qatar, claims economist
NBE to fully automate risks management: Information Security director
Egyptian customers’ trust in banking technology will increase when the banks offer services with high security standards, Abeer Khedr says
NBE receives 800 applications for mortgage funding for low- and middle-income individuals
The Central Bank launched a mortgage financing initiative in April with EGP 10bn for mortgage financing activities. The funds could be used to finance housing for low- and medium-income individuals with concessionary terms for a period of 20 years.
Hazem Hegazy, head of retail banking speaks to Daily News Egypt
National Bank of Egypt planning to transform the country into a cashless society
National Bank of Egypt adopts strategy to face market competition
The deputy chairman of NBE automated teller machines (ATMs) reached 1,750 by the end of April, adding that the bank is aiming to increase them by 500 new ones and exchange 400 old ones by the end of 2015.
National Bank of Egypt signs $50m deal with European Bank for Reconstruction and Development
The agreement will help finance foreign trade operations
NBE and Telecom Egypt sign agreement for fiber-optics upgrade
The telecommunication company will be responsible for providing infrastructure for entiree network as well as securing all banking data.
S&P raises ratings on four Egyptian banks
Ratings agency upgrades long-term ratings on National Bank of Egypt, Banque Misr and Commercial International Bank to B- from CCC+, raises public information rating on NSGB.
Economy to improve: NBE Chairman
The economy has the potential for growth in the coming months, says NBE chairman
NBE approves $1bn loan to Egyptian General Petroleum Corporation
EGPC has to obtain a guarantee from the Ministry of Finance.
Green Tourism
Minister of Tourism signs a protocol for ‘Green Tourism’ in a press conference.
Banque Misr, National Bank of Egypt subscribe to $200m in international government bonds
$2.7bn bond package released several days ago on Irish stock market
E-Finance to operate new electronic petroleum subsidies programme
Electronic payments specialist beat joint NBE-Banque Misr bid for the contract
Third stage of taxi renewal project
EGP 250m provided by NBE and Alex Bank for improving taxis
NBE, Banque Misr dump foreign assets
Arab investors nevertheless label Egyptian banking sector ‘promising’
Role of World Food Programme in Egypt
Gian Pietro Bordignon, the director of WFP in Egypt, spoke to Daily News Egypt about the organisation’s objectives and activities in the country.
NBE achieves EGP 2.8bn net profits during FY 2011/12
The National Bank of Egypt’s (NBE) public assembly published the bank’s financial results for the fiscal year ending in June 2012.
Critical week for return rates on banking sector bonds
Furious competition in Egypt’s banking sector as banks race to raise interest rates on bonds
NBE follows in Banque Misr footsteps
Bank raises interest rates on platinum by 2%
National Bank to expand SME portfolio
The bank to allocate EGP 4bn to fund SMEs the current fiscal year
National bank president resigns
Amer resigns as president of the national bank just days after Al-Okda resigns from his post at the central bank
Rebel Economy Wrap
Egypt’s oil curse – part 2
NBE targets EGP 1.1 billion reduction in bad debts portfolio
Four years ago, bad debts portfolio represented 30 per cent of the total credit portfolio
Masry USD Certificates yield disappointing earnings to NBE
Sources at National Bank of Egypt (NBE) estimated the cumulative sales of the Masry USD Certificate, which was issued to attract the investment of Egyptians living in the Gulf, at $80 million since beginning of last April. The sales target for this type of certificate was estimated at $2 billion, but sales increased noticeably once …
SMEs receive support from Social Fund for Development
By Waleed Abel Azeem The National Bank for Development (NBD) is awaiting approval for an EGP 150 million grant from the Social Fund for Development Fund (SFD), according to Ahmad El-Masry, Director of Corporate Affairs at the bank. El-Masry said the grant would be directed to finance small and medium enterprises (SMEs) in according with …
SMEs receive special treatment from the National Bank of Egypt
By Walid Abdelazeem The National Bank of Egypt (NBE) revealed that by the end of 2011, the bank will have financed small and medium enterprises (SMEs) to a total amount of EGP 1.5 billion. Director of SME Finance Department at NBE, Soha Soliman, stated that funding for the SMEs portfolio amounted to EGP 3.3 billion …
Masry USD Certificates yield disappointing earnings to NBE
Sources at National Bank of Egypt (NBE) estimated the cumulative sales of the Masry USD Certificate, which was issued to attract the investment of Egyptians living in the Gulf, at $80 million since beginning of last April. The sales target for this type of certificate was estimated at $2 billion, but sales increased noticeably once …