Moody’s Downgrades Five Egyptian Banks, Maintains Review
Moody's Investors Service has downgraded the ratings of five Egyptian banks. The affected banks are: --- National…
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National Bank of Egypt
BADEA Grants NBE US$10 Mln To Finance Arab Exports To African Countries
The Arab Bank for Economic Development in Africa (BADEA) and the National Bank of Egypt (NBE) signed a US$10…
NBE Disburses Yellow Remittances Worth EGP 463 Mln
The National Bank of Egypt (NBE) disbursed EGP 463 million worth of 121,800 yellow remittances as of February…
Sherif Elwy Likely To Resign From NBE, Join CIB: Sources
The National Bank of Egypt’s (NBE) deputy chairman Sherif Elwy will probably leave his position after the Prime…
NBE To Sign Debt Settlement Agreement With Food Industries Company
The National Bank of Egypt (NBE) has approved signing debt settlement agreement with a food industries company…
Bank Audi Considers Contributing EGP 200 Mln To MAF Loan
Bank Audi Egypt plans to contribute EGP 200 million to the EGP 3 billion loan arranged by the National Bank of…
Hesham Kandil To Name New Chairman For NBE In Two Days
The Egyptian Prime Minister Hesham Kandil will approve the appointment of a new chairman for the National Bank of…
Fitch Downgrades CIB, NBE To ‘B’; Outlook Negative
Fitch Ratings has downgraded the Long-term foreign currency Issuer Default Ratings (IDR) of National Bank of Egypt…
NBE Raises Return On Platinum Savings Certificate To 12.5%
The National Bank of Egypt (NBE) has raised returns on its three-year platinum savings certificates from 10.5% to…
Dollar Falls To EGP6.73 Amid Expectations To Replace FX Auctions Mechanism: NBE
As Hisham Ramez has officially become the new Governor of Egyptian Central Bank, the U.S. dollar has dropped…
