Latest in Highlight
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.
New saving certificates issued by NBE and Banque Misr gain LE 10.7 bn in two days.
80% of NBE’s certificate sales took place online
CBE included microfinance sector in the initiative on Monday
To ensure safety of customers, employees, new certificates to be available only via mobile, internet banking, call centres, email: Banque Misr chairperson
EGX30 down 17.7% last week despite Thursday’s session 5% increase
Both banks to offer 1-year saving certificates with 15% yield on Sunday
Karim Soos, Retail Risk Group Head at NBE, said the bank seeks through the new agreement to support its strategic plan towards financial inclusion and expansion in various banking services, particularly the digital ones. This has become the global trend recently, in line with the country’s plan to bring about nationwide digital transformation.
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
Project’s total cost is EGP 580m, NBE contributes 75% over 7 years
20% of the total cost of implementing a housing compound project in the beach area of New Alamein City
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
Bank’s SMEs portfolio amounts to about EGP 64bn, benefiting 74,000 projects, targeting EGP 100bn in 2020, says Aboul Fotouh
SMEs, energy efficiency, climate mitigation projects to benefit from the fund
The Bank offers banking products and services that meet the needs of different customers, says Okasha
Dealing with financial institutions is better and cheaper than bonds, says Aboul Fotouh
Bank arranged a syndicated loan of EGP 1.7bn for Redcon Construction in cooperation with QNB Al Ahli
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.
Bank achieved 17% growth in deposits to EGP 1.186bn end-June 2019, retail loans to EGP 73bn, says Aboul Fotouh
Transportation projects among NBE’s top funded sectors, says NBE’s Sherif Riad
CBE’s initiative beneficiaries reach 68,000 this June, up from 38,000 in June 2018, says Okasha
Bank opens 1st specialised centres in business development services in Al-Yasmeen branch
Case against Agricultural Projects Authority to be considered on 26 May to recover EGP 11m
Bank successfully concluded several transactions with numerous UAE investors for investments in financial markets, debt instruments issued by Egyptian government: Tantawy
NBE, Banque Misr, Banque du Caire, CIB, ABE issued these cards free of charge for six months
NBE ranked 13th with $85.18bn assets, Banque Misr 25th with $49.44bn
All bank branches will provide e-tax collection services during official working hours