Latest in Tag: the National Bank of Egypt Highlight
Latest in Tag: the National Bank of Egypt
NBE leads banking alliance to provide EGP 2bn in financing to Oilex
The National Bank of Egypt (NBE) is leading an alliance of banks working in the Egyptian market to arrange an increase in financing for Oilex, an Egypt-based international company for the extraction of multiple forms of oils.
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 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 achieves unprecedented EGP 300bn deposits boom
Significant increase, brings bank’s deposit portfolio to EGP 1.5trn
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
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.
Banks implement CBE’s initiative delaying loan instalments for individuals, companies
CBE included microfinance sector in the initiative on Monday
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 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 rules out issuing foreign bonds currently
Dealing with financial institutions is better and cheaper than bonds, says Aboul Fotouh
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 finances first phase of Roxy hydraulic parking garage by EGP 162m
Transportation projects among NBE’s top funded sectors, says NBE’s Sherif Riad
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
NBE extends work hours to 6:00pm in 64 branches to receive tax dues
All bank branches will provide e-tax collection services during official working hours
NBE extends working hours at 64 branches for tax e-payment services
The National Bank of Egypt (NBE) decided to extend its working hours at 64 branches until 6:00 pm to provide electronic tax payment services in the periods between 24-31 March and between 22-30 April. The NBE will limit its services after normal working hours to tax payment services in order to achieve a successful tax …
NBE eyes 15%-20% growth in its various activities during 2019: Vice Chairperson
Industry bank’s top priority due to its positive impacts on economy overall: Aboul Fotouh
All banks operating in Egyptian market invited to adopt principles of responsible banking
Egyptian banking sector is strong, capable of achieving Egypt’s leadership in sustainable development in Middle East, Africa
NBE manages loans, grants worth €330m to fund EPAP, bank chairperson says
Bank signed 3 new agreements to fund Semadco, Emisal, AMOC with €25m in third phase of project
NBE launches first phase of electronic service branch project
First phase of project includes 4 branches in Nasr City, Fifth settlement, Sixth of October City, Alexandria
NBE, BM issue first national payment card
Card targets over 20 million Egyptian citizens who do not deal with banking sector: NBE Chairperson
NBE’s syndicated loans share in Africa amounts to 9.7%: Bloomberg
Bank lead Egyptian market in joint loans in 2018
NBE aims to open 5 new digital branches in 3 months: deputy chairperson
Bank is working to employ technological infrastructure, modern software available to provide best service for its customers: El-Baz
NBE provides EGP 2bn for 18 companies working in cotton ginning, trade
Benefiting companies include eight private sector companies
NBE, China Development Bank sign $600m loan agreement
Loan to be channelled to finance working capital of NBE’s clients
NBE aims to boost microfinance portfolio to EGP 4bn by 2020: deputy chairperson
Microfinance portfolio reached EGP 3.5bn end-March, says Aboul Fotouh