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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 …
Egyptian banks make EGP 59.075bn profits in 2017: CBE
Top 5 banks accounted for 47.424% of total profits, top 10 achieved EGP 37.02bn
NBE to manage finances of Zohr gas field
NBE to manage finances of Zohr gas field
Khaled Badawi: investment banking to Public Sector Affairs Ministry
Khaled Badawi, CEO of NCB Capital, the National Bank of Egypt’s investment arm, has been chosen as the successor to Ashraf Sharkawy as the minister of public sector affairs on Sunday. Badawi served as the chief executive officer of NCB Capital in May 2016 to date and has great experience in the field of investment …
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 aims to increase size of SME portfolio to EGP 100bn within 3 years
The bank offered SME loans worth about EGP 37.5bn to 55,000 customers
NBE funds external operations worth $18.5bn in 13 months: bank’s vice president
Bank foreign exchange earnings $17bn from 3 November 2016 to 5 December 2017, says Aboul Fotouh
Amer’s decisions had major positive impacts on the economy and banks: Aboul Fotouh
He managed to convince everyone that exchange rate liberalisation was necessary, says NBE vice chairperson
NBE ‘ Strongest Bank ’ in Egypt, Africa in 2017: Asian Banker
Reaching that rating comes as a result of the restructuring of the sectors of the bank since 2008 and a direct result of the banking reform policies adopted by the CBE In 2004, according to Okasha
NBE marketed, managed syndicated loans worth EGP 58bn during first nine months of 2017
The loans arranged by the bank have been directed to many strategic sectors, especially construction materials, electricity, oil, and real estate development, says Abo El Fotouh
NBE opens first two branches of Al Ahli Exchange Company
The company was established with a capital of EGP 200m and a paid up capital of EGP 50m. The bank plans to increase the number of branches to 50 branches within 3 years
NBE signs 2 cooperation protocols with ministries of higher education and planning worth EGP 500m
The two conventions aim to serve scientific research and support external scholarship missions
Volume of NBE’s financial position reached EGP 1.3tn by end of FY 2016/2017: bank’s vice chairperson
Bank’s net profits EGP 12.5bn by end of June 2017: Abu El-Fotouh
NBE meets investors of industrial zones in Beni Suef, Minya, and Assiut
Bank’s SME loans portfolio amounted to EGP 32bn to 53,000 projects
Egypt’s top 5 banks accounted for 77.7% of total profits of banks operating in Egyptian market by end of March 2017: CBE
Total profits amounted to EGP 30.516bn at the end of first quarter of 2017, top 10 banks mark profits of EGP 26.234bn
CIB named best bank in Egypt this year, Ahli United Bank most efficient, NBE dominates customer satisfaction: Business News
EG Bank doubles its financial position, remains fastest growing bank for the second year in a row
NBE retail sector clients amounted to 7.1 million at end of March 2017
Retail sector deposits reach EGP 798bn, retail loans increased to EGP 41bn
NBE, Banque Misr extend working hours to collect taxes electronically
59 branches of NBE work until 5.00pm, 75 branches of Banque Misr work until 7.00pm to help financers repay required amounts
NBE will secure its branches with Egyptian technology to support Egyptian products
NBE signed a contract with Benha Electronics Company to supply electronic, metal-detecting security gates
Benha Electronic Industries supplies 62 metal detectors to NBE
The National Bank of Egypt (NBE) signed a contract agreement with one of the Ministry of Military Production’s subsidiaries, Benha Electronic Industries, to supply 62 metal detector gates to the bank. The contract was signed by the chairperson of the company, Magdy Hamdeen, and Hossam Salah Eldeen, the head of administrative support at the NBE. …
NBE injected EGP 7.5bn to finance 9,200 SMEs in first year of CBE’s initiative to support these projects
77% of SMEs obtained loans to expand its existing activities and 23% to newly established projects
EETC, NBE, agree upon EGP 18bn loan to strengthen the transmission network
The Egyptian Electricity Transmission Company (EETC) agreed with the National Bank of Egypt (NBE) to borrow EGP 18bn to strengthen the national electricity grid. Chairperson of the Egyptian Electricity Transmission Company Gamal Abdel Rahim, said that the company will sign the contracts with NBE at the end of the month, noting it will be a …
NBE to increase retail banking portfolio to EGP 43bn by end of June
We aim to transfer the micro-finance portfolio to the retail sector and increase mortgage volume to EGP 5bn by the end of June 2018
NBE arranged 10 syndicated loans worth EGP 50bn in 2016
NBE occupied the first position in the Egyptian market, and the third position in Africa, according to Bloomberg
I expect a major breakthrough for the economy and banking activity in H2 of 2017: Abu ElFotouh
NBE has SMEs, industry, exports as top priority in 2017
NBE provides $800m for imports following pound flotation
Fluctuations in the US dollar exchange rate are normal initially and will not last long, says Okasha
Do not worry about volatility of exchange rate: bank leaders
Egypt is undergoing a new experience, and stability of the market relies on increasing foreign exchange resources
NBE, Misr Life Insurance sign cooperation protocol to benefit from e-payment tools
In light of the National Bank of Egypt’s (NBE) interest in improving the services it offers its customers to facilitate banking transactions and maintain leadership in providing electronic banking services updates, Hazem Hegazy, NBE CEO for retail banking and small- and medium–sized enterprises signed a corporation protocol with Ahmed Abdel Aziz, chairperson of Misr Life …
NBE, Banque Misr, Banque du Caire launch EGP-denominated saving certificates with 20% interest rate, 18-month maturity period
The banks also launced three-year certificates with a 16% interest rate
State banks boost their investment in treasury bills by EGP 13.8bn in July: CBE
Banking sector accounts for 77% of total outstanding balances of bills