Daily News Egypt

Volume of retail banking portfolio in NBE reaches EGP 63.3bn at end-February - Daily News Egypt

Advertising Area

Advertising Area

Volume of retail banking portfolio in NBE reaches EGP 63.3bn at end-February

Asian Banker awards NBE ‘Best Retail Bank’ in 2019

The retail banking portfolio at the National Bank of Egypt (NBE) has reached EGP 63.3bn by the end of February 2019.

According to a report issued by the bank, the number of individual clients at the bank by the end of February 2019 reached 8 million. The cards issued for clients varied between 4.6m debit cards, 4.2m NBE payroll cards, 2.3m pre-paid cards, and over 1.2m credit cards.

The report added that the number of the NBE’s ATMs reached 4,060 by the end of February.

These ATMs operate throughout the day and carry out deposit and withdrawal transactions of salaries, paying bills and donations, in addition to balance inquiries.

The number of POS machines at the bank increased to over 13,900. The number of the branches of the bank is nearly 456, prevalent across the country.

The NBE had recently launched the second phase of internet banking called Al Ahly Net.

According to the bank, the number of users of this service is estimated to be over 1 million who have access to modern technology and smart connection devices. They are able to obtain fast and safe banking services suitable for their lifestyles.

The bank has also launched phone cash services, which contribute toward achieving financial inclusion by attracting segments that do not deal with banks.

Earlier this year, the NBE inaugurated three e-service branches. These branches offer clients a different banking experience through new e-solutions such as interactive teller machines (ITMs) which are launched for the first time at the bank’s branches.

These branches also include a video call service which allows clients to communicate with a bank’s representative through video and sound to help them easily access the banking service they need.

According to the bank, the steady growth, expansions and diversification achieved by the bank in retail banking is a reason why it continues to win the award for the best bank in the field of retail banking services for individuals in 2019 from the global Asian Banker institution.

The award is given to the best bank in each country included in the assessment, based on the size and development of retail banking business as well as the number of the distribution units of the network and their spread.

The assessment includes the volume of the retail banking portfolio in the field of deposits and loans, as well as retail products, card types, annual growth rates and the quality of the service of branches, in addition to the number of e-services offered to clients.

Advertising Area

Breaking News

No current breaking news

Receive our daily newsletter