Monday 14 July 2014
National Bank of Egypt

NBE, Visa launch online purchase solutions

The National Bank of Egypt (NBE) and Visa recently launched online solutions aimed at providing customers with secure, convenient and reliable means to make purchases via the Internet. NBE launched the Verified by Visa service, a simple-to


Al Ansari partners with top Egypt bank

Al Ansari Exchange, a leading provider of remittance and foreign exchange services, said it has signed a strategic partnership with the National Bank of Egypt (NBE), the oldest and largest commercial bank in Egypt. The Al Ansari move is ai


Egyptian banks to accept real estate for debt

National Bank of Egypt (NBE) and Banque Misr, the country's first and second biggest banks by assets, said they had agreed to accept real estate in exchange for hundreds of millions of dollars in public sector debt. Egypt has reduced t


National Bank of Egypt triples net income

National Bank of Egypt (NBE), the country's largest bank by assets, more than tripled its net income in the year to end-June by expanding its deposit base and cleaning up its loan portfolio, it said in a statement. The bank also benefited


NBE to launch $1.8bn mortgage fund

State-owned National Bank of Egypt (NBE), Egypt's largest commercial bank by assets, is setting up a 10 billion Egyptian pound ($1.79 billion) fund to finance home mortgages, a newspaper reported on Sunday. The business daily Al-Alam a

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