Egypt reviews NUCA-NBE financial settlement
Egypt's Prime Minister Moustafa Madbouly held a meeting on Monday to follow up on procedures to settle financial…
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NBE
Egypt launches new expat banking initiative to spur inflows
Egypt’s central bank and ministry of foreign affairs on Sunday launched a new initiative aimed at simplifying bank…
Egypt’s GAHAR, NBE sign deal to speed up universal health rollout
Egypt’s General Authority for Health Accreditation and Regulation (GAHAR) signed a protocol with the National Bank…
National Bank of Egypt reports service disruptions after Ramses Exchange fire
The National Bank of Egypt (NBE) announced on Tuesday that certain services will experience temporary disruptions…
Egypt banking operations back to normal after disruption
Egyptian banks will continue normal operations on Tuesday despite the disruption to telecom services caused by a…
Egypt govt. partners with NBE to expand ATM network across youth centres
Egypt’s Ministry of Youth and Sports signed a cooperation protocol with the National Bank of Egypt (NBE) to install…
Egypt signs financial closure for 1 GW solar, battery storage project with Scatec, NBE,…
Egypt on Sunday signed a financial closure agreement for the Obelisk project, a 1-gigawatt solar power plant with…
US dollar falls below EGP 49 on Tuesday
The US dollar weakened against the Egyptian pound on Tuesday, falling below 49 pounds in many banks, as reported by…
Egypt’s NBE offers 1-yr CD with 23% daily yield
The National Bank of Egypt offers on Thursday new one-year certificate of deposit (CD) starting from 1000 Egyptian…
Egypt’s NBE issues 3-yr CD with up to 30% yield
The National Bank of Egypt (NBE) has issued on Wednesday new three-year certificate of deposit (CD) with a…
Egypt’s currency FX rate hits 46.45 against dollar
Egypt's pound currency weakened on Wednesday to a new low of 46.45 Egyptian pounds against the US dollar, according…
Egypt’s NBE says 9-month pre-tax profits of EGP 89.104b
Egypt's biggest state-run lender, the National Bank of Egypt (NBE) reported profits before tax of 89.104 billion…
Egypt’s NBE announces profit of EGP 46.3 bln in H1 of 2023
State-run National Bank of Egypt (NBE) has achieved profit of 46.340 billion Egyptian pounds in the first half (H1)…
Egypt’s ENR seeks to secure EGP6 bln before year-end: sources
State-run Egyptian National Railways (ENR) plans to secure six billion Egyptian pounds before the end of this year…
Egypt’s SCZone aims to borrow EGP 30bn for green hydrogen projects – sources
The General Authority of Suez Canal Economic Zone (SCZone) seeks to lend 30 billion Egyptian pounds from a…
ADEX inks $100mln of line credit deal with Egypt’s NBE
Abu Dhabi Exports Office (ADEX) has signed a revolving loan facility of $100 million with the National Bank of…
Egypt to sell stake in Banque Misr in 2024
Egypt is eyeing selling a stake in Banque Misr to a strategic investor in 2024, the bank’s chairman Mohamed…
National Bank of Egypt 2022 pretax profit at EGP 17 billion
The National Bank of Egypt (NBE), the country’s largest public lender, posted pretax profit of 71 billion Egyptian…
MIGA mulls $100 million guarantee to EBRD to back Egypt trade finance
Two of Egypt’s largest state banks may become the latest recipient of the World Bank-member Multilateral Investment…
NBE, Banque Misr collect EGP67bln from CDs
The National Bank of Egypt (NBE) and Banque Misr collected 67 billion Egyptian pounds from the recently issued…
Egypt’s pound weakens to EGP 100 to Kuwaiti dollar at opening
Egypt’s pound currency fell to surpass EGP 100 against the Kuwaiti dinar for selling at some banks during early…
Egypt’s NBE, Banque Misr deactivate 25% yield certificates
Egypt's two biggest state banks, the National Bank of Egypt (NBE) and Banque Misr have announced on Tuesday the…
National Bank of Egypt aims for 30% growth in 2023
Egypt’s largest state-run lender, National Bank of Egypt (NBE) is aiming for growth of 30 percent in 2023, its vice…
SMEs portfolio at Egypt’s NBE hits EGP 140bn
The National Bank of Egypt (NBE) has raised 140 billion Egyptian pounds in the Small and Medium Enterprises (SME)…
Egypt’s NBE says new high-yield CDs raise 12 bln pounds in 3 days
The National Bank of Egypt (NBE) has raised 12 billion Egyptian pounds ($518.4 million) from its high-yielding…
National Bank of Egypt retail lending hits EGP 190 billion end-June
The National Bank of Egypt (NBE), the country’s biggest state-run lender, said on Monday that its retail lending…
Global Finance: Egypt’s NBE, Banque Misr among 50 safest banks worldwide
Global Finance Magazine has on Thursday listed Egypt’s two biggest state lenders, the National Bank of Egypt (NBE)…
National Bank of Egypt signs deals with 14 regional, int’l institutions to raise $1…
The National Bank of Egypt (NBE), the country’s largest public lender, announced on Tuesday that it had signed…
NBE, Banque Misr launch mega property project Gardenia City with EGP 26bn investments
State-owned banks, the National Bank of Egypt (NBE) and Banque Misr announced on Monday the launch of mega real…
NBE closes Egypt’s largest securitized bond offering for NUCA
The National Bank of Egypt (NBE), the country's biggest state lender, has succeeded in closing Egypt's largest…
NBE offers to buy minority stake in Raya’s Aman Holding
The National Bank of Egypt (NBE) has submitted an offer to Raya Holding to purchase a 20-25 percent stake in its…
NBE, Banque misr garner some EGP200bln in 3 months from saving certificates
Banque Misr and National Bank of Egypt have collected revenues of 200 billion Egyptian pounds ($12 billion)from…
EgyptAir eyes EGP 3 billion loan from two state lenders to weather coronavirus crisis
Egypt’s national carrier EgyptAir is seeking a 3 billion Egyptian pound ($185 million) loan to help it weather the…
EBRD approves $100 mln financial package to NBE for SMEs in Egypt
The European Bank for Reconstruction and Development (EBRD) has approved a $100 million financing package for the…
Banque Misr, NBE garner EGP 136 bn from new saving certificates
Banque Misr and National Bank of Egypt have collected revenues of 136 billion Egyptian pounds from selling new 15…
Exclusive: Shares of banks in Egypt’s Madinet Nasr for Housing loan
A consortium of three banks agreed on Thursday to provide Egypt’s Madinet Nasr for Housing and Development (MNHD) a…
Banque Misr, NBE garner EGP 118 bn from new saving certificates
Banque Misr and National Bank of Egypt have collected revenues of 118 billion Egyptian pounds from selling new 15…
National Bank of Egypt leads banking consortium to provide €30 million loan to Midor
The National Bank of Egypt (NBE), the country's biggest state lender, is leading a banking consortium to arrange a…
NBE denies cancelling 15% yield certificates after launching new
The National Bank of Egypt (NBE) continues to offer the new 15 percent annual yield savings certificates, despite…
NBE posts net profits of EGP 20.2bn in 2019
National Bank of Egypt (NBE) has posted net profits after tax of 20.2 billion Egyptian…