Latest in Tag: NBE Highlight

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Latest in Tag: NBE


NBE joins one of largest global blockchain initiatives

In line with Egypt’s national digital transformation strategy, and in support of the Central Bank of Egypt (CBE)’s direction to encourage the financial services industry to adopt innovative financial technologies, the NBE has recently joined enterprise software firm R3’s global blockchain initiative of over 200 financial services firms, technology companies, central banks, regulators, and trade …

Daily News Egypt

NBE grants ASORC $100m to implement service, facility projects necessary to develop company’s plants

Yehia Aboul Fotouh, deputy chairperson of the National Bank of Egypt (NBE), and Nagy Abdel Ghaffar, chairperson of Assiut Oil Refining Company (ASORC), signed a financing contract worth $100m for the purpose of implementing service and facility projects necessary for the development of the company’s plants and the fulfilment of its expansion goals. According to …

Hossam Mounir

NBE, Banque Misr discontinue their 20% interest rate saving certificates

The National Bank of Egypt (NBE) will discontinue offering the platinum saving certificate with an annual return rate of 20%, starting from the end of the workday on 15 February 2018, Yehia Abu El-Fotouh, the vice chairperson of NBE told Daily News Egypt on Thursday. However, current certificate owners will continue to have the same …

Hossam Mounir

Arabian Cement Company to settle off $30.9m NBE loan by Mid-2021

Arabian Cement Company (ACC) announced that it received approval on rescheduling the $30.9m loan granted by the National Bank of Egypt (NBE), according to press statement on Wednesday. The statement said that the loan will be repaid on 15 quarterly instalments at 2m each, with a debt rate on foreign currencies of 5% above London …

Shaimaa Al-Aees