national bank of Egypt

25% saving certificates to be suspended by end of January

Mon, 16 Jan 2023 - 10:33 GMT

On January 4, Banque Misr and the National Bank of Egypt (NBE) announced the launch of a one-year saving certificate with an annual interest of about 25 percent.

NBE, Banque Misr issue 25% saving certificates for a year

Wed, 04 Jan 2023 - 11:03 GMT

The return of the certificate is paid at 25 percent interest at the end of the term, or at a monthly rate of 22.5 percent.

Banque du Caire joins the National Bank of Egypt and Banque Misr in a Strategic Partnership with IBAG, Western Union's first agent in Egypt

Sun, 11 Sep 2022 - 10:59 GMT

Banque du Caire joins the shareholding of IBAG, Western Union's first agent in Egypt, after purchasing a stake from Al Ahly Capital Holding - the National Bank of Egypt’s investment arm and Banque Misr.

NBE, Banque Misr garner over LE 679B from 18% saving certificates till now

Thu, 19 May 2022 - 05:30 GMT

The banks issued the certificates following an exceptional decision by the Central Bank of Egypt (CBE) last month to raise basic interest rates by 1 percent.

NBE, Banque Misr 18% saving certificates collect LE 581B in month

Thu, 21 Apr 2022 - 12:21 GMT

The certificates were offered on the back of an exceptional decision by the Central Bank of Egypt (CBE) to raise the base rates by 1 percent.

NBE tops Bloomberg’s African syndicated loans league table in Q1 2022

Mon, 04 Apr 2022 - 02:35 GMT

Across the Middle East and North Africa region, the NBE ranked as the fourth financing agent and marketer of syndicated loans, and the third main arranger.

National Bank of Egypt raises its stake in Fawry capital to 12.54%

Thu, 31 Mar 2022 - 04:53 GMT

The NBE purchased 102.51 million shares from Fawry with a total value of the deal amounting to LE 1.05 billion, with an average purchase price of LE 10.25 per share.

NBE, Banque Misr 18% saving certificates collect LE 105B in 3 days

Thu, 24 Mar 2022 - 02:18 GMT

The certificates were offered on the back of an exceptional decision by the Central Bank of Egypt (CBE) to raise the base rates by 1 percent.

NBE, Banque Misr issue one-year saving certificate with return of 18%

Mon, 21 Mar 2022 - 11:41 GMT

Deputy Chairman of the NBE Yehia Abul-Fotouh said that the ALCO committee at the NBE held an emergency meeting Monday, during which a decision was taken to issue a new saving certificate for one year.

NBE launches 1st step for digital banking services through opening accounts online

Sun, 02 Jan 2022 - 10:47 GMT

Chairman of the Board of Directors of the NBE, Hisham Okasha, stated that the new service comes from the bank’s belief in the importance of achieving the highest level of services provided to its new customers in an advanced manner that meets their needs, and provides the easiest ways to obtain these services while providing the highest rates of security.

NBE acquires 20% of Mwasalat Misr's shares through capital increase

Wed, 06 Oct 2021 - 12:17 GMT

The NBE aims to invest in “Mwasalat Misr” to diversify the sources of financing its long-term projects by financing infrastructure projects.

Fitch Affirms NBE's rating at 'B+'; with stable outlook

Tue, 03 Aug 2021 - 03:04 GMT

Fitch has also affirmed National Bank of Egypt (UK) Ltd's (NBEUK) Long-Term IDR at 'B+' with Stable Outlook and Support Rating at '4'. NBEUK is a wholly owned subsidiary of NBE. A full list of rating actions is below.

US dollar exchange rate stable at Egypt's banks

Mon, 19 Apr 2021 - 12:52 GMT

The US dollar exchange rate was stable during Monday's transactions at Egypt's major banks recording EGP 15.61 for buying and EGP 15.74 for selling.

Banque Misr, NBE acquire 40% of stocks of Western Union's representative in Egypt

Thu, 26 Nov 2020 - 12:21 GMT

In statements, Chairman of Banque Misr Mohamed el Etribi hailed the partnership that aims at merging unofficial transfer sector into the banking sector in Egypt as well as enhancing financial inclusion as part of the bank’s role to support the Egyptian economy.

National Bank of Egypt awarded ISO 27001:2013 for information security for its electronic branches

Wed, 04 Nov 2020 - 07:29 GMT

NBE announced today that it has been awarded ISO 27001:2013 certification for information security management systems by BSI, the British Standards Institute.

CBE: PM reforms board of directors of NBE, Banque Misr

Fri, 25 Sep 2020 - 10:55 GMT

The Central Bank of Egypt (CBE) announced on Friday that Prime Minister Mostafa Madbouli issued two decrees to reform the board of directors of National Bank of Egypt and Banque Misr for three years starting from September 25, 2020.

EIB supports Egypt's transport sector, NBE by €1.9B

Sun, 19 Jul 2020 - 11:42 GMT

Al-Mashat clarified that €1.1 billion is to finance three projects in the transportation sector with the National Authority for Tunnels.

NBE, IFC ink cooperation agreement on funding solar-powered water pumps

Tue, 07 Jul 2020 - 03:44 GMT

Okasha pointed out that the agreement is the first of its kind between NBE and IFC.

National Bank of Egypt hits deposits of LE1.5T

Mon, 18 May 2020 - 03:33 GMT

“NBE receives 30,000 calls a day, and the bank allows the purchase of certificates of return through the Call Center,” he said.

High-yield savings certificates of NBE, Banque Misr post LE 121B in gains

Sun, 10 May 2020 - 01:25 GMT

Mohamed el Atrebi, Board Chairman of Banque Misr, told MENA that the bank sold certificates worth 39 billion pounds since the new certificates were issued.