NBE
The Minister of Health and Population, Hala Zayed, emphasized the importance of solidarity of all state institutions, which will contribute greatly to Egypt overcoming this crisis.
Al-Mashat clarified that €1.1 billion is to finance three projects in the transportation sector with the National Authority for Tunnels.
IFC announced Tuesday joining forces with the National Bank of Egypt and the Micro, Small and Medium Enterprise Development Agency (MSMEDA) to strengthen the clean technology entrepreneurship sector .
Okasha pointed out that the agreement is the first of its kind between NBE and IFC.
EBRD will provide a $100 million loan to help NBE provide short-term loans to private small and medium-sized enterprises and firms facing liquidity strains.
“NBE receives 30,000 calls a day, and the bank allows the purchase of certificates of return through the Call Center,” he said.
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.
The step, he said, reflects NBE's pioneering role in boosting national projects that contribute to the economic development of the country, he said.
The income of the 15 percent-revenue certificates that were auctioned in March 22 reached LE 75 billion until the middle of this week.
He made clear that the certificates are only available online either through the call center or online banking application.
NBE Chairman Hisham Okasha said that the bank issued 15 percent-yield saving certificates that are worth over LE 30 billion to 160,000 customers.
He went on to say that the NBE will meet requests for purchasing these certificates through online channels and phone calls.
Yehia Abul Fotouh, Vice President of the NBE, said the bank sold 7.2-billion-pound worth certificates since they were issued on Sunday.
Earlier in the day, Banque Misr has decided to confine buying its 15-percent-yield saving certificates to the online channel.
The official said the move comes as part of efforts to boost the Egyptian economy as the bourse has suffered deep losses over the past weeks over coronavirus concerns.
The National Bank of Egypt (NBE) has won best bank’s role in supporting the economy and national projects at bt100 Awards.
The protocol will introduce a package of services including finance, and consultancy.
European Bank for Reconstruction and Development reviewed the provision of two senior loans to the National Bank of Egypt with a total amount of $50 million.
The alliance, which was established in July 2018, comprises China Development Bank (CDB), NBE, Lebanon’s Fransabank, Morocco’s BMCE bank and First Abu Dhabi Bank (FGB).
The four banks are the National Bank of Egypt (NBE), Banque Misr, Banque Du Caire and Agriculture Bank of Egypt.