Latest in Tag: the National Bank of Egypt Highlight
Latest in Tag: the National Bank of Egypt
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
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
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 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
Egyptian banks provide EGP 40m for redevelopment of downtown Cairo
Banque Misr, the National Bank of Egypt (NBE), the Commercial International Bank (CIB), and the Banque du Caire have made respective in-kind donations of EGP 10m to the project that will be carried out in cooperation with Cairo Governorate
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
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
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 …
Banque Misr, NBE issue savings certificates with 12.5% return
The step aims at combating dollarisation, and banks issued two similar certificates in 2004, says Analyst
NBE branches to sell commemorative Suez Canal gold coins
Deputy Chairman of the National Bank of Egypt Mahmoud Montasser said all NBE branches welcome citizens who are interested in acquiring 21 carat gold commemorative coins.
NBE manages loans worth EGP 40bn during first 9 months of 2015: Montasser
NBE ranked first in Egypt and Africa and third in Middle East and North Africa in field of syndicated loans, according to Bloomberg LP
Four bank representatives in Egyptian Union for Real Estate Financing board
The federation also includes four representatives OF real estate companies affiliated to the banks