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The number of NBE’s ATM machines reached 1,950 machines, an increase of 415 machine from the previous year.
By Mohamed Ayyad During the Economic Summit in mid-March, Egypt signed a declaration of intent with the European Investment Bank (EIB), to finance developmentprojects, said Minister of International Cooperation Nagla Al-Ahwani in a statement Sunday. The declaration with EIB included many sectors in which the bank is willing to fund in the period between 2015-2017. …
The housing, transportation, petroleum, tourism, and investments sectors won the largest of this amount, but no statement has been made regarding Suez Canal Axis investments.
NBE lends support to Egyptian Tax Authority in e-collection during March and April every year
CBE launched mortgage initiative last April worth EGP 10bn for real estate financing involving funding housing for low-middle income classes at concessional terms
Banks allow use of applications by clients and non-clients to check accounts, keep track of exchange rates and currency conversion
The total amount of National Bank of Egypt’s (NBE) loan portfolio has registered EGP 136bn, said Hisham Okasha, General Manager of NBE. Meanwhile, the net loan portfolio of the bank amounted to EGP 129bn, Okasha noted, adding that the current deposits portfolio EGP 405bn. NBE is currently setting a medium-term plan for geographical expansion, which …
Bank Misr, Crédit Agricole, Banque Misr also among market leaders for treasury bills and bonds
Project to provide technical and financial support to industrial facilities in line with environmental laws for pollution reduction
New maximum wage sets wages at 50% less than original wages, resigned NBE official says
NBE-led union collects loan worth $1.5bn to pay portion of the dues of foreign oil companies operating in Egypt
El-Hatow: Real estate is king and energy requires a special kind of investor
Egyptian customers’ trust in banking technology will increase when the banks offer services with high security standards, Abeer Khedr says
Demand growing for mobile banking and electronic wallets, says NBE
Ministry hopes to pay nearly $1bn of debts to foreign partners by year-end, says EGPC chairman
Meeting to be held soon regarding payment of outstanding EGP 1.6bn owed to banks, says minister
EGP 150m total savings for bank clients with platinum certificates
Abdel Nour: Industrial developer annexations of land is indispensable
The government is keen on giving a boost to all industry complexes nationwide as they involve many small and medium-sized enterprises (SMEs) that represent the larger slice of the Egyptian economy, Minister of Trade, Industry, and Small and Medium-sized Enterprises Mounir Fakhry Abdel Nour said. The minister said that his ministry has an ambitious plan …
The Central Bank launched a mortgage financing initiative in April with EGP 10bn for mortgage financing activities. The funds could be used to finance housing for low- and medium-income individuals with concessionary terms for a period of 20 years.
Four banks participate in total of 1bn syndicated loan to Egyptian service provider
A number of government banks raise returns on savings certificates to attract liquidity, fight inflation, and increase individual returns
National Bank of Egypt planning to transform the country into a cashless society
The easy-payment service, offered by several banks in Egypt for nearly six months, allows customers to pay bills and make purchases via mobile phones. It also offers anti-theft protection and time saving benefits on making payments.
Bank aims to raise its retail banking portfolio in FY 2014/2015 as part of policy to increase retail customers to 5 million over next five years
Bureaucracy, complicated investment legislation, and administration corruption are the main stumbling blocks to economic reform, several heads of banks said during the People and Banks Conference last Wednesday. Participants in the conference discussed how to work to restore investor confidence in the Egyptian market in order to transform it into a magnet for Arab and …
Banking sector believes in growing demand for corporate lending as well as credit rating improvement for the country, says Hisham Okasha
The National Bank of Egypt’s non-performing loans total EGP 6bn, of which tourism accounts for 40%, industry 35% and other sectors 25%
HSBC dropped 13 places on the efficiency indicator as its profits declined, whereas Barclays took third place.
The deputy chairman of NBE automated teller machines (ATMs) reached 1,750 by the end of April, adding that the bank is aiming to increase them by 500 new ones and exchange 400 old ones by the end of 2015.