Latest in Tag: the National Bank of Egypt Highlight
Latest in Tag: the National Bank of Egypt
The National Bank of Egypt (NBE) is leading an alliance of banks working in the Egyptian market to arrange an increase in financing for Oilex, an Egypt-based international company for the extraction of multiple forms of oils.
The agreement was made as part of the Central Bank of Egypt’s (CBE) initiative to support clients in industrial, agricultural, and contracting activities.
New services include money transfers using IBAN, payroll, credit card activation and cancellation, electronic wallets, and access to Fawry e-payments
Significant increase, brings bank’s deposit portfolio to EGP 1.5trn
The NBE has also decided to increase the return on another 3-year Group B investment certificate. The certificate’s annual return was originally 12%, which has now risen to 12.5%, to be paid every three months.
Bank sees significant e-banking services expansion during FY 2018/19
Bank concludes 6 financing deals of total EGP 15.4bn
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 included microfinance sector in the initiative on Monday
The signing ceremony was attended by Chairperson of NBE Hesham Okasha, Chairperson and CEO of Fiber Misr Ahmed Mekky, Deputy Chairperson of NBE Yehia Aboul Fotouh, Deputy Chairperson of Fiber Misr Sherif Nabih, and Head of NBE’s Credit Group for Corporate and Syndicated Loans Sherif Riad
We aim to channel more financing to SMEs and retail loans: Aboul Fotouh
Bloomberg ranks the NBE first in managing syndicated loans in Egypt
Bank to continue sponsoring the Egyptian Rowing Federation and other games in coordination with the Ministry of Youth and Sports, says Aboul Fotouh
Bank’s deposits reached EGP 1.3trn, while loans were EGP 570bn, including EGP 90bn of retail loans and EGP 57bn for SMEs funding, says Aboul Fotouh
Dealing with financial institutions is better and cheaper than bonds, says Aboul Fotouh
Nasr explained that this announcement was only a few hours after the tournament concluded, and there may be other financial awards from businesspeople or companies.
Transportation projects among NBE’s top funded sectors, says NBE’s Sherif Riad
NBE, Banque Misr, Banque du Caire, CIB, ABE issued these cards free of charge for six months
All bank branches will provide e-tax collection services during official working hours
The National Bank of Egypt (NBE) decided to extend its working hours at 64 branches until 6:00 pm to provide electronic tax payment services in the periods between 24-31 March and between 22-30 April. The NBE will limit its services after normal working hours to tax payment services in order to achieve a successful tax …
Industry bank’s top priority due to its positive impacts on economy overall: Aboul Fotouh
Egyptian banking sector is strong, capable of achieving Egypt’s leadership in sustainable development in Middle East, Africa
Bank signed 3 new agreements to fund Semadco, Emisal, AMOC with €25m in third phase of project
First phase of project includes 4 branches in Nasr City, Fifth settlement, Sixth of October City, Alexandria
Card targets over 20 million Egyptian citizens who do not deal with banking sector: NBE Chairperson
Bank lead Egyptian market in joint loans in 2018
Bank is working to employ technological infrastructure, modern software available to provide best service for its customers: El-Baz
Benefiting companies include eight private sector companies
Loan to be channelled to finance working capital of NBE’s clients
Microfinance portfolio reached EGP 3.5bn end-March, says Aboul Fotouh