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National Bank Of Egypt

NBE is the oldest commercial bank in Egypt. It was established on June 25, 1898 with a capital of £ 1 million. Throughout its long history, NBE's functions and roles have continually developed to square with the different economic and political stages in Egypt. During the 1950s, NBE assumed the central bank's duties. After its nationalization in the 1960s, it acted as a pure commercial bank besides carrying out the functions of the central bank in the areas where the latter had no branches. Moreover, since mid-1960s, NBE has been in charge of issuing and managing investment certificates on behalf of the government.

During FY 2019/2020, NBE managed to achieve unprecedented performance indicators. Total financial position as at the end of June 2020 recorded EGP 2 trillion, growing 23% yoy. Accordingly, NBE's total assets accounted for 31.5% of Egyptian banks' total assets. NBE's financial position continued to scale up to EGP 2.5 trillion as at end-March 2021.

Total deposits reached EGP 1.6 trillion as at end-June 2020, with a growth rate of 36% yoy, accounting for 34% of total banks' deposits. Such leap was driven by the introduction of a diversified package of deposits in local and foreign currencies at competitively lucrative rates. NBE's deposits approached EGP 2 trillion as at end-March 2021, which highlights the customers' confidence in our Bank.


NBE has further provided a set of distinguished finance schemes that meet the needs of key economic sectors. As at the end of June 2020, the total retail loan portfolio grew by EGP 29 bn., i.e. 40%, yoy, to reach EGP 102 bn., of which EGP 10 bn. were extended to 94,000 customers as part of the Central Bank of Egypt's (CBE) initiative for mortgage finance. Retail loans continuously went up to reach EGP 130 bn. as at end-March 2021.

As for large corporate finance, NBE has also assumed an active role in funding key national economic sectors. Total large corporate loan portfolio surged 32% to reach EGP 542 bn. as at end-June 2020, continuing to rise up to EGP 714.5 as at end-March 2021.

In line with NBE's support to small and medium sized enterprises (SMEs), the total SME loan portfolio accounted for EGP 77 bn. as at end-June 2020, growing by EGP 19 bn., i.e. 33% yoy, to record EGP 91 bn. as at March 2021.

Total loans have thus risen 33% to reach EGP 720 bn. accounting for 33% of total banks' loans. Total loans continued to grow to amount to EGP 935 bn. as at end-March 2021.

All such efforts resulted in achieving profit (before taxes) of EGP 30.6 bn. Net profit reached EGP 13.1 bn. in FY 2019/2020.

NBE succeeded in increasing its shareholders' equity to EGP 122 bn. as at the end of June 2020, growing 11.1% yoy. NBE increased its paid-up capital by EGP 15 bn. compared to the end of 2019, to reach EGP 50 bn.

NBE is one of the largest contributors to social responsibility among banks in Egypt. It believes that it has a significant role to play in improving the quality of life of Egyptians. Such contributions were vigorously engaged in supporting healthcare, education, slums development, combating poverty, alleviating the distress of imprisoned indebted persons, and empowering people with disabilities, as well as supporting culture and maintaining heritage. NBE's total donations in FY 2019/2020 accounted for EGP 2.6 bn., growing by 70% yoy. As a result, NBE’s contributions to social responsibility totalled EGP 8 bn. in 5 years.

Crowning its efforts, NBE was recognized by the global institution "The Asian Banker" as the Best Retail Bank in Egypt for 2020 as well as the Best Bank in Africa and Middle East in terms of "agents' incoming electronic transfers".


In addition, NBE received the Best Bank of the Year in Egypt for 2020 from the Banker, an international magazine.



The European has presented to NBE five awards of “Best Banking CSR Provider”, “Best Banking Transactions Provider”, “Best Corporate Loans Provider”, “Retail Banking of the Year”, and “Digital Banking Provider of 2020”.

In addition, NBE received two awards from "EMEA finance" as the Best Bank in Egypt as well as the Best Bank in Africa in terms of social responsibility.

NBE was awarded the Best Digital Bank in Egypt for 2020 from the Union of Arab Banks (UAB). The award mirrored the Bank's success in implementing ambitious plans to expand digital services delivered by the Bank.

Global Finance announced that NBE has received the award of the Best Trade Finance Provider in Egypt.

Constantly developing its diversified services and products to provide customers with top-notch services, NBE increased the number of ATMs and improved their deployment nationwide to reach 4,950. It also raised the number of POS to 214,000 in March 2021.

Keen on promoting the culture of financial inclusion and digitalization, NBE introduced several online banking services to cater for 2.3 MM. customers via Al Ahly Net, and 1.8 MM customers via Phone Cash wallets. Moreover, the Bank opened 23 electronic service branches in order to reduce cash transactions in the market.

Moreover, NBE stayed in the lead in terms of retail cards, issuing a total of 7.4 MM. prepaid cards and 5.8 MM debit cards in March 2021.

To boost stock investments and securities market, NBE has a large number of mutual funds that support the Egyptian capital market and deliver services to a distinguished segment of customers. NBE also offers investment services by expanding the central depositary and trading services.

NBE has an extensive network of 553 branches, offices and banking units nationwide (serving nearly 16.5 MM customers). Additionally, the Bank maintains an effective international presence through National Bank of Egypt (UK) Limited, National Bank of Egypt (Khartoum) – Sudan, New York and Shanghai branches (in USA and China), and representative offices in Johannesburg – South Africa, Dubai – UAE and Addis Ababa – Ethiopia, plus NBE (DIFC) Limited for financial advice. This is in addition to a vast correspondent bank network around the globe (Europe – USA – Australia – Canada – the Far East – Africa – the Arabian Gulf).

NBE is always keen to deliver top-quality and cutting-edge banking services and products to its esteemed customers so that the Bank can maintain their precious confidence and continue its leadership in the local banking market.


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