
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.
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.
CBE’s initiative beneficiaries reach 68,000 this June, up from 38,000 in June 2018, says Okasha
Mosky branch represents important historical value for bank; its development comes within strategy followed by bank to modernise its branch network: Okasha
Areas to be developed include Pyramids of Giza, Temples of Phila, Abu Simbel in Aswan, Karnak Temple in Luxor
NBE’s balance sheet increased by EGP 183.6bn, while the loan portfolio hits EGP 231.3bn, says Okasha
77% of SMEs obtained loans to expand its existing activities and 23% to newly established projects
Banque Misr collected $400m during the first two weeks of the flotation, says deputy chairperson
The bank has provided loans worth EGP 24.6bn for SMEs, with more than 47,000 projects having benefited, says Okasha
Industrial sector acquires 18% of SMEs’ loans; NBE targets to double them
Chairperson of the National Bank of Egypt (NBE) Hisham Okasha said that the bank’s board of directors agreed on donating EGP 50m to the Tahya Misr Fund – Zewail City of Science and Technology. The fund is specialised in receiving donations to complete establishing the biggest project that supports scientific and technological research in Egypt …
Bank collected $500m from foreign currency saving schemes
The portfolio has doubled six times over the past eight years, says Okasha
National Bank of Egypt offered EGP 210m to develop slums and fight poverty
The bank has pumped EGP 3.5bn into SMEs sector
Deposits portfolio at $11bn for foreign currencies by the end of March
Eastern Mediterranean countries experiencing revolutions, war and bombings losses amounted to $250bn, says IUAB chairman
There are 10 ATM machines for every 100,000 customers in Egypt, Okasha said
Supervision will cover monetary fund money despite antipathy of investment directors
Banking sector believes in growing demand for corporate lending as well as credit rating improvement for the country, says Hisham Okasha
The economy has the potential for growth in the coming months, says NBE chairman