NBE credit card users can now use up to LE 60k in foreign currency without notifying bank

Tue, 14 May 2024 - 02:47 GMT

This marks a significant increase from the bank's former highest limit of LE 20,000

Moody’s improves 5 banks’ outlooks to positive amid latest reforms and deals

Wed, 13 Mar 2024 - 11:41 GMT

State-owned banks National Bank of Egypt, Banque Misr, and Banque du Caire, as well as Commercial International Bank (CIB) had their Caa1 long-term deposit ratings affirmed, with the Bank of Alexandria maintaining its B3 long-term deposit rating

Egypt’s Banque Misr, NBE introduce new saving certificates with 27% annual yield

Fri, 05 Jan 2024 - 09:14 GMT

Banque Misr and the National Bank of Egypt (NBE) have announced the issuance of one-year maturity saving certificates with an impressive 27 percent annual yield or 23.5 percent monthly yield. This sets a new record for the highest yield in the country.

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.

NBE, Banque Misr suspends issuance of 18% saving certificate, offer new one with 14% return

Mon, 30 May 2022 - 05:18 GMT

The 18 percent saving certificates achieved an amount of about LE 750 billion in the two banks, as the proceeds of the 18 percent certificate amounted to LE 515 billion at the National Bank of Egypt and LE 240 billion at the Banque Misr since its issuance on March 21 until the end of work today, Monday.

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 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.

Proceeds of NBE, Banque Misr's one-year saving certificate record LE13B on 1st day

Tue, 22 Mar 2022 - 04:11 GMT

The dollar renunciation rates of the two banks rose to more than 50 percent compared to the previous day.

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.

AIIB, OPEC Fund provides NBE $200M loan to support infrastructure sector development in Egypt

Mon, 01 Nov 2021 - 01:14 GMT

This is AIIB’s first non-regional syndication transaction in the financial institutions sector and NBE’s first on-lending project directed to the infrastructure sector. AIIB will support NBE with its ongoing efforts to enhance its sustainability initiatives.

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.

NBE-CIB consortium implements securitization bond offering for "Aman" worth LE585M

Thu, 26 Aug 2021 - 04:07 GMT

Yahya Aboul Fotouh, Vice Chairman of the Board of Directors of the NBE, said in a statement Thursday that the bank is keen to expand non-bank debt instruments, stressing that his bank is exerting the necessary effort and care to meet the needs of the bank’s customers in various sectors that positively affect the wheel of the national economy.

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.

PM attends signing of coop. protocol to settle disputes bet. NIB, NBE

Wed, 26 May 2021 - 02:50 GMT

The protocol was signed by Planning Minister and NIB Chairperson Hala el Saeed, Finance Minister Mohamed Maait and NBE Chairman Hesham Okasha.

Capital Intelligence affirms NBE rating, with "stable" outlook

Wed, 03 Mar 2021 - 03:38 GMT

CI Ratings also affirmed in a report the Short-Term Foreign Currency Rating (ST FCR) of of NBE at 'B'.

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.