Latest in Tag: NBE Highlight
Latest in Tag: NBE
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
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, AFD sign €100m credit facility agreement to finance climate conservation projects
Chairperson of the NBE, Hisham Okasha, said that the new agreement will allow directing finance and support to the projects compatible with SDGs
NBE receives $108bn inflows since exchange rate liberalisation: Vice Chairperson
Aboul Fotouh told Daily News Egypt that the NBE has opened documentary credits to cover imports, and financed foreign trade operations with a total value of about $106bn since November 2016.
NBE, Banque Misr halt 15% saving certificates after achieving EGP 383bn in sales
National Investment Bank reduces return on A, B saving certificates
NBE signs EGP 793.9m long-term financing contract for Nile Wood Company
The agreement was made as part of the Central Bank of Egypt’s (CBE) initiative to support clients in industrial, agricultural, and contracting activities.
NBE signs EGP 1bn financing contract with Palm Hills
NBE Vice Chairperson Yehia Aboul Fotouh said that the contract comes in light of the bank’s keenness to finance major projects in general. The bank is particularly focusing its financing activities on the real estate field, due to this sector’s ability to preserve its medium- and long-term investment value.
EIB, NBE sign € 800m Financing Agreement to ensure resilient post-COVID-19 recovery for SMEs
In a statement, the minister added that the agreement between the two banks comes as part of a larger agreement approved by the EIB worth€1.9bn, where €1.1bn will be provided for the transport sector and €800m for SMEs.
TMG, NBE, Banque Misr sign EGP 4bn strategic partnership
TMG CEO and Managing Director for the Arab Company for Projects and Urban Development, Hisham Talaat Moustafa, praised the vital role played by Egypt’s banking sector in general, and the NBE and Banque Misr in particular, in supporting Egypt’s real estate sector.
NBE launches new services to support digital banking strategy
New services include money transfers using IBAN, payroll, credit card activation and cancellation, electronic wallets, and access to Fawry e-payments
NBE closes EGP 10bn securitisation bond subscription for El Taamir
Deal is largest securitisation process in Egyptian market history, and is projected to achieve maximum benefit from short- and medium-term financing
NBE, Banque Misr contribute EGP 60m to Health Ministry’s COVID-19 fight
NBE donates EGP 8bn in past 6 years, while Banque Misr gives away EGP 3.2bn in 5 years
Raya Holding approves NBE acquisition offer for Aman minority stake
NBE to acquire 24% in two months, says Khalil
NBE attracts 2 million subscribers to Meeza card service
About EGP 2bn in transactions undertaken using Meeza cards was in purchases and payments
Aman, NBE cooperate to deploy 25,000 POS as part of CBE initiative
The cooperation comes as part of the Central Bank of Egypt (CBE) initiative to stimulate e-payments in Egypt, rather than cash exchanges. This is in line with the Egyptian state’s economic vision to achieve sustainable development and transition to a cashless society.
EBRD grants NBE $200m financing package to support Egypt’s private sector
NBE committed to minimising economic, financial impact of COVID-19 on Egyptian economy and our customers in particular, says bank’s chairperson
NBE, AAIB mull $750m loan for Abu Tartur phosphate project
Project’s implementation is likely to start in 4Q 2020
Contracting SMEs are biggest beneficiaries of NBE financing initiative
NBE initiative will absorb large part of Egypt’s informal employment and reduce unemployment rates
NBE achieves unprecedented EGP 300bn deposits boom
Significant increase, brings bank’s deposit portfolio to EGP 1.5trn
NBE, EG Bank, AIB arrange syndicated EGP 650m loan to Misr Italia properties
Joint loan’s arrangement reflects participating banks’ support for real estate sector
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 leads banking consortium to provide €30m syndicated loan to MidElec
Hisham Okasha, Chairperson of NBE, said the arrangement of this loan comes in light of the participating banks’ strategies to provide necessary funds for energy projects in local and foreign currencies because of their importance in advancing development and supporting the Egyptian economy.
NBE issues new investment certificates, raises return on another
The NBE has also decided to increase the return on another 3-year Group B investment certificate. The certificate’s annual return was originally 12%, which has now risen to 12.5%, to be paid every three months.
NBE raises authorised capital to EGP 100bn, paid-up capital to EGP 50bn
Bank sees significant e-banking services expansion during FY 2018/19
NBE maintains syndicated loan leadership in Egypt 1Q 2020: Bloomberg
Bank concludes 6 financing deals of total EGP 15.4bn