Latest in Tag: NBE Highlight
Latest in Tag: NBE
NBE starts selling Ma’ash Bokra insurance policies on Sunday
Policies issued in cooperation with Misr Life Insurance
NBE reports net profits of EGP 20.2bn in FY 2018/19
The bank’s total finances increased to EGP 1.6trn in June 2019, compared to EGP 1.5trn in June 2018. Equity amounted to about EGP 110bn in 2019, compared to EGP 92.2bn in the year before.
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.
EGP 6.2bn worth of 15% certificates sold by NBE, Banque Misr on first day
80% of NBE’s certificate sales took place online
Banks implement CBE’s initiative delaying loan instalments for individuals, companies
CBE included microfinance sector in the initiative on Monday
Banque Misr, NBE to offer electronically saving certificates with 15% yield
To ensure safety of customers, employees, new certificates to be available only via mobile, internet banking, call centres, email: Banque Misr chairperson
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, Banque Misr invest EGP 3bn in EGX
Both banks to offer 1-year saving certificates with 15% yield on Sunday
NBE cooperates with Fawry to provide 43,000 POSs for shopping
Karim Soos, Retail Risk Group Head at NBE, said the bank seeks through the new agreement to support its strategic plan towards financial inclusion and expansion in various banking services, particularly the digital ones. This has become the global trend recently, in line with the country’s plan to bring about nationwide digital transformation.
NBE provides EGP 1bn credit facilities to Fiber Misr
The signing ceremony was attended by Chairperson of NBE Hesham Okasha, Chairperson and CEO of Fiber Misr Ahmed Mekky, Deputy Chairperson of NBE Yehia Aboul Fotouh, Deputy Chairperson of Fiber Misr Sherif Nabih, and Head of NBE’s Credit Group for Corporate and Syndicated Loans Sherif Riad
NBE, EGOTH sign EGP 435m financing agreement to renovate Mena House Hotel
Project’s total cost is EGP 580m, NBE contributes 75% over 7 years
NBE, QNB syndicated loan of EGP 1.8bn to Concrete Plus Engineering, Construction
20% of the total cost of implementing a housing compound project in the beach area of New Alamein City
NBE targets 15-20% growth in all sectors: vice chairperson
We aim to channel more financing to SMEs and retail loans: Aboul Fotouh
NBE arranges EGP 242bn syndicated loans over last 3 years
Bloomberg ranks the NBE first in managing syndicated loans in Egypt
NBE studies establishment of rowing club in Cairo
Bank to continue sponsoring the Egyptian Rowing Federation and other games in coordination with the Ministry of Youth and Sports, says Aboul Fotouh
NBE’s financial position records EGP 1.7trn in 2019
Bank’s deposits reached EGP 1.3trn, while loans were EGP 570bn, including EGP 90bn of retail loans and EGP 57bn for SMEs funding, says Aboul Fotouh
NBE, Holdipharma sign cooperation protocol to finance pharmacies
Bank’s SMEs portfolio amounts to about EGP 64bn, benefiting 74,000 projects, targeting EGP 100bn in 2020, says Aboul Fotouh
EBRD announces $100m financing package to NBE
SMEs, energy efficiency, climate mitigation projects to benefit from the fund
NBE contracts with Aman Microfinance to automate the disbursement of loans, repayment of instalments to its customers
The Bank offers banking products and services that meet the needs of different customers, says Okasha
NBE rules out issuing foreign bonds currently
Dealing with financial institutions is better and cheaper than bonds, says Aboul Fotouh
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 announces EGP 2.5m prizes for handball youth teams for their world achievements
Nasr explained that this announcement was only a few hours after the tournament concluded, and there may be other financial awards from businesspeople or companies.
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 finances first phase of Roxy hydraulic parking garage by EGP 162m
Transportation projects among NBE’s top funded sectors, says NBE’s Sherif Riad
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
Five banks start issuing prepaid cards to pay government dues electronically
NBE, Banque Misr, Banque du Caire, CIB, ABE issued these cards free of charge for six months
Saudi Arabia has seven of top 30 MEA banks with assets of $513bn: S&P Research
NBE ranked 13th with $85.18bn assets, Banque Misr 25th with $49.44bn
