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…
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NBE
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…
AfDB 2023