NBE Eyes a Capital of EGP 12 Bln

In case of being approved by the Central Bank, National Bank of Egypt (NBE) will raise its capital to EGP 12 billion based on its human and material capabilities which will enable it to achieve high profits in the upcoming years, said Tarek Amer.

NBE raised its capital by EGP 4.750 billion to EGP 7 billion, up from EGP 2.250 in the FY 2011/2011, Amer added.

The aim behind increasing capital is supporting the capital base which will in turn give the bank the ability to increase the maximum loan limit offered to customers so as to increase the volume of investments in the next period.