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CBE launched mortgage initiative last April worth EGP 10bn for real estate financing involving funding housing for low-middle income classes at concessional terms
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 …
The National Bank of Egypt (NBE) has aimed to pump EGP 200m to its investment portfolio during 2015, head of the bank’s investment sector Mohamed Ragaa’i announced. Ragaa’i explained that NBE is seeking for the investment portfolio to reach EGP 1.4bn by the end of 2015, compared to EGP 1.2bn by the end of 2014, …
Without social role and ensuring adequate standard of living for individuals, banks’ profits will be badly affected
Project to provide technical and financial support to industrial facilities in line with environmental laws for pollution reduction
Decline mainly due to the repayment of accrued deposits to Qatar, claims economist
Egyptian customers’ trust in banking technology will increase when the banks offer services with high security standards, Abeer Khedr says
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.
National Bank of Egypt planning to transform the country into a cashless society
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.
The agreement will help finance foreign trade operations
The telecommunication company will be responsible for providing infrastructure for entiree network as well as securing all banking data.
Ratings agency upgrades long-term ratings on National Bank of Egypt, Banque Misr and Commercial International Bank to B- from CCC+, raises public information rating on NSGB.
The economy has the potential for growth in the coming months, says NBE chairman
EGPC has to obtain a guarantee from the Ministry of Finance.
Minister of Tourism signs a protocol for ‘Green Tourism’ in a press conference.
$2.7bn bond package released several days ago on Irish stock market
Electronic payments specialist beat joint NBE-Banque Misr bid for the contract
EGP 250m provided by NBE and Alex Bank for improving taxis
Arab investors nevertheless label Egyptian banking sector ‘promising’
Gian Pietro Bordignon, the director of WFP in Egypt, spoke to Daily News Egypt about the organisation’s objectives and activities in the country.
The National Bank of Egypt’s (NBE) public assembly published the bank’s financial results for the fiscal year ending in June 2012.
Furious competition in Egypt’s banking sector as banks race to raise interest rates on bonds
Bank raises interest rates on platinum by 2%
The bank to allocate EGP 4bn to fund SMEs the current fiscal year
Amer resigns as president of the national bank just days after Al-Okda resigns from his post at the central bank
Egypt’s oil curse – part 2
Four years ago, bad debts portfolio represented 30 per cent of the total credit portfolio
Sources at National Bank of Egypt (NBE) estimated the cumulative sales of the Masry USD Certificate, which was issued to attract the investment of Egyptians living in the Gulf, at $80 million since beginning of last April. The sales target for this type of certificate was estimated at $2 billion, but sales increased noticeably once …
By Waleed Abel Azeem The National Bank for Development (NBD) is awaiting approval for an EGP 150 million grant from the Social Fund for Development Fund (SFD), according to Ahmad El-Masry, Director of Corporate Affairs at the bank. El-Masry said the grant would be directed to finance small and medium enterprises (SMEs) in according with …