Latest in Tag: NBE Highlight
Latest in Tag: NBE
NBE studying expansion into Saudi market in next period
Bank collected $500m from foreign currency saving schemes
NBE considers granting EGP 7bn to economic sectors in coming period: deputy chairperson
The bank settled EGP 2bn of non-performing debts from July 2015 until the end of April 2016, says Aboul Fotouh
SME Banking Egypt 2016 begins on Monday under ‘Roadmap for the Future’
Daily News Egypt to monitor major challenges facing the banking sector and provide a comprehensive vision to support it
NBE granted EGP 1.65bn to 2,663 small and very small enterprises over 4-month period: deputy chairperson
73% of the enterprises were granted loans to expand their activities, 27% of the financed enterprises were newly established
Public banks stop selling their 15% interest certificates on Sunday
The three state-owned banks have begun offering these certificates in mid-March 2016
NBE’s net profit EGP 5.8bn in the first half of FY 2015/2016
The bulletin stated that the total equity at the bank amounted to EGP 33.5bn
NBE, CIB, Banque Misr, QNB Al-Ahli, HSBC hold over half of banking sector’s total profits as of December 2015
The CBE said in a recent report that the net profit of the banks operating in Egypt reached EGP 35.882bn as of the end of December 2015
NBE loans EGP 1bn to 1,734 micro and small-sized enterprises in February, March 2016
The bank provided EGP 23.4bn to 48,000 SMEs through of March 2016
NBE aims to reduce delayed debt payments by June: deputy chairperson
The National Bank of Egypt currently has an outstanding debt of EGP 4.5bn
Sawiris and Tarek Amer fight: flashback to previous battles with the state?
Businessman Naguib Sawiris insists that Tarek Amer used his position to prevent state-owned banks from funding his bid to acquire CI Capital
NBE, Banque Misr extend working hours to enable electronic payment of taxes, customs
These branches will remain open until 5pm in the period from 27 to 31 March and from 24 to 28 April
SECON to start withdrawing loan acquired from Banque Misr, NBE before end of March
Company will not borrow from banks currently, will participate in major national projects, says Hasanen
NBE records EBT of EGP 10.4bn during FY 2014/2015
The bank also achieved a 23% growth in loans granted to small and medium-sized enterprises (SME) with EGP 16.6bn provided through June 2015, while retail loans increased by 20% to reach EGP 31.5bn in June 2015
NBE, Banque Misr issue CDs with 15% yield
The NBE and Banque Misr will issue the CDs beginning on Monday for a period of 60 days, according to El-Etreby
SVI addresses IFC, EBRD, NBE to contribute to venture capital fund
The Ministry of Communications expressed its support for the company’s initiative to launch a fund to invest in start-ups in Egypt, according to Amin
Government banks issue CDs to domestic market in US dollar
NBE, Banque Misr, Banque du Caire will offer three-year CD to Egyptians living within the country and five-year CD to those living in Europe
NBE targets EGP 65bn SMEs loans portfolio by end of 2020: Deputy Chairman
Bank invested $1.5bn to support importers, China Development Bank received entirety of $700m loan, says Montasser
NBE, Banque du Caire, Banque Misr to accept subscriptions of Egyptians expats to ‘Bilady’ dollar certificate starting Tuesday
Minister of Immigration and Egyptian Expatriate Affairs Nabila Makram said that the bond certificate is a response to calls from Egyptians living abroad to have a high yield bond certificate that can also bolster Egypt’s economy
NBE, Banque Misr, Banque Du Caire to launch ‘Bilady’ certificates for Egyptians abroad
Certificate will be issued in dollars with three and five-year maturation periods and yields ranging between 3.5% – 5%
NBE, Banque Misr to post joint profits exceeding EGP 9bn
Banque Misr achieved net profits of EGP 2.51bn after taxes in FY 2013/2014, while the NBE achieved net profits of EGP 3.7bn in the same year
NBE invested EGP 4bn into tourism after 25 January Revolution
The NBE has invested a total of EGP 13bn in the tourism sector and the bank has continued to support these investment despite poor conditions in the industry, according to Executive Board Member Yehia Aboul Fotouh
NBE finances 45,000 SMEs with EGP 19bn
The bank participated in the CBE initiative for financing small and micro businesses with a yield of 5% and payment terms up to seven years
SECON secures EGP 507m from NBE and Banque Misr for Nile Towers project
Deputy Minister of Housing and Vice Chairman of SECON Mohamed Essam El-Deen said the Egyptian government intends to support and develop the company’s investments and conduct its expansion plans
SME loans at NBE amounted to EGP 18.5bn by the end of 2015: Chairman
The portfolio has doubled six times over the past eight years, says Okasha
NBE, CDB sign $700m agreement to fund infrastructure projects in Egypt
NBE established the first Egyptian, Arab, and African bank in China since 2008
Egypt signs 21 economic cooperation agreements with China
China lends Egypt $1.8bn, $800m of which is for NBE and Banque Misr
NBE arranged 17 syndicated loans valued at EGP 65bn in 2015: Deputy Chairman
Electricity sector accounted for EGP 30.8bn; 14.8bn for petroleum; 9.45bn for construction; EGP 7.8bn for transportation
NBE to increase retail loans to EGP 50bn by end of 2017
Retail loans reached 21% of the bank’s total loans portfolio, and will be increased to 40% over three years
NBE arranges loans for electricity sector worth EGP 39.4 in five years
The bank intends to support the national economy by funding national projects
Cisco to build NBE’s modern generation of secured data centres
The National Bank of Egypt (NBE) employed the international telecommunication company Cisco to build its newest generation of secured data centres, which will provide customers with unlimited services and full security through Cisco’s modern NEXUS Switches. This agreement between NBE and Cisco is in line with their ongoing cooperation in the field of communications and …