Latest in Tag: NBE Highlight
Latest in Tag: NBE
Inauguration ceremony, first council meeting of China-Arab Countries Inter-Bank Association led by NBE, CBD
Establishment of association marks a new milestone in relationship between China and member Arab countries, will efficiently lead to advancement of Belt and Road Initiative, says Aboul Fotouh
NBE participated in arrangement of loans worth EGP 58.5bn in H1 2018
Bank is ranked first in Egyptian banking market in syndicated loans according to Bloomberg’s international assessment
Limited-income mortgage finance portfolio at NBE reaches EGP 3.6bn
We are studying 10,409 files worth EGP 1.1bn, with plans to boost portfolio to EGP 3.7bn, says Aboul Fotouh
NBE signs cooperation protocol with Water Resources Ministry to fund modern irrigation projects
EGP 3bn funding for agricultural activities, other related ones, says Okasha
NBE, BM, Banque du Caire to cover tourism companies’ expenses for Hajj
The National Bank of Egypt, Banque Misr, and Banque du Caire officials met with representatives of the Ministry of Tourism and the head of the religious tourism committee of the Egyptian Travel Agencies Association (ETAA). During the meeting, they agreed to have the three banks secure the needed Saudi riyals to cover the expenses of …
NBE, Visa launch second phase of NBE Pay
The National Bank of Egypt (NBE), in cooperation with Visa, plans to launch the second phase of NBE Pay services, which allows clients to make transfers using the NBE’s Visa cards, along with the services currently available within the first phase, including internet banking, paying school fees, and paying bills. According to Yehia Aboulfotouh, vice …
NBE-led coalition finances nitrate project for Abu Qir Fertilizer
Abu Qir Fertilisers and Chemical Industries Holding Company’s board of directors decided to obtain funding for its nitrate project from the National Bank of Egypt, Banque Misr, and QNB. The company said in a disclosure to the Egyptian Exchange on Wednesday that the funding is worth €105m and that the project will be implemented by …
NBE signs cooperation agreement with Ministry of Antiquities to develop archaeological sites
Areas to be developed include Pyramids of Giza, Temples of Phila, Abu Simbel in Aswan, Karnak Temple in Luxor
NBE Bank of the Year, AlexBank most efficient: Business News
IDWBE was fastest growing bank
NBE attracted 58,000 new clients during Arab Financial Inclusion Day events
Only 15% of Egyptians deal with banks, says Okasha
NBE joins one of largest global blockchain initiatives
In line with Egypt’s national digital transformation strategy, and in support of the Central Bank of Egypt (CBE)’s direction to encourage the financial services industry to adopt innovative financial technologies, the NBE has recently joined enterprise software firm R3’s global blockchain initiative of over 200 financial services firms, technology companies, central banks, regulators, and trade …
NBE aims to boost microfinance portfolio to EGP 4bn by 2020: deputy chairperson
Microfinance portfolio reached EGP 3.5bn end-March, says Aboul Fotouh
NBE arranged 48% of syndicated loans in Egypt, Africa in Q1 2018
NBE first in Egyptian, African banking markets in syndicated loans, Bloomberg says
NBE grants ASORC $100m to implement service, facility projects necessary to develop company’s plants
Yehia Aboul Fotouh, deputy chairperson of the National Bank of Egypt (NBE), and Nagy Abdel Ghaffar, chairperson of Assiut Oil Refining Company (ASORC), signed a financing contract worth $100m for the purpose of implementing service and facility projects necessary for the development of the company’s plants and the fulfilment of its expansion goals. According to …
Cooperation protocol between NBE, Agriculture Ministry, Ard El Kheir for livestock projects development
NBE injected EGP 1.2bn to fund 7,400 projects in livestock sector development
NBE, Visa, e-finance sign partnership to push cashless society
Helwan University to become first university in Egypt with pillars of financial inclusion
El Mostakbal, Al Ahly Real Estate Development seal agreement with NBE for City of OdyssiaÂ
NBE will manage project accounts, arrange financing needs, says bank’s vice president
NBE extends working hours to 5 pm at 65 branches to provide electronic tax payment services
The National Bank of Egypt (NBE) decided to extend its working hours at 65 of its branches until 5:00 pm to provide electronic tax payment services in the periods between 25 and 29 March 2018 and from 22 to 30 April, according to Yehia Aboul Fotouh, chairperson of the bank. Aboul Fotouh explained that this …
NBE’s microfinance portfolio reaches EGP 3.5bn: Aboul Fotouh
About EGP 40bn available funding for SMEs, bank aims to increase that to EGP 100bn by 2020
SMEDA, NBE sign EGP 400m deal to finance small projects
The deal will benefit 2,288 small projects, offer 6,864 jobs
NBE aims to increase assets to EGP 1.5tn by end-June 2018: vice chairpersonÂ
Bank seeks to increase its loans for major companies to EGP 350bn, SMEs portfolio to EGP 40bn, deposits to EGP 1tn
NBE, Banque Misr discontinue their 20% interest rate saving certificates
The National Bank of Egypt (NBE) will discontinue offering the platinum saving certificate with an annual return rate of 20%, starting from the end of the workday on 15 February 2018, Yehia Abu El-Fotouh, the vice chairperson of NBE told Daily News Egypt on Thursday. However, current certificate owners will continue to have the same …
NBE to manage finances of Zohr gas field
NBE to manage finances of Zohr gas field
NBE pumped EGP 18.6bn to finance 17,800 small projects in two years: bank VP
SMEs portfolio increased to EGP 39.8bn for 57,400 projects by end-December, says Al-Baz
NBE contributed EGP 30.6bn to syndicated loans in 2017
Bank supported by huge capital base of over EGP 93bn, providing opportunity to inject large funds individually or through participation in banking alliances, says Aboul Fotouh
NBE, Local Development Ministry, Misr El Kheir sign protocol to support development projects in North Sinai
Protocol reflects NBE’s interest in development by providing funding for SMEs, affirms Okasha
Arabian Cement Company to settle off $30.9m NBE loan by Mid-2021
Arabian Cement Company (ACC) announced that it received approval on rescheduling the $30.9m loan granted by the National Bank of Egypt (NBE), according to press statement on Wednesday. The statement said that the loan will be repaid on 15 quarterly instalments at 2m each, with a debt rate on foreign currencies of 5% above London …
NBE aims to increase size of SME portfolio to EGP 100bn within 3 yearsÂ
The bank offered SME loans worth about EGP 37.5bn to 55,000 customers
NBE, Agriculture Ministry cooperate to finance livestock projects
Bank injected EGP 1.2bn to fund 7,400 livestock, poultry, fishery development projectsÂ
NBE renovates 229 branches: Aboul Fotouh
Bank reopens Montazah branch after development