The Bank announced record profits and a more than 50% reduction in non-performing loans, capping a year that saw NBE emerge as the leading arranger of syndicated loans in the Middle East and North Africa …Read full article » Egypt: Wednesday, January 25 - 2012 @ 10:20
The bank was also the number-two mandated arranger by market share in the region with a 5.5% market share, according to independent rankings by Bloomberg.
“The Bloomberg ranking confirms not just NBE’s capacity to structure compelling …Read full article » Egypt: Sunday, February 05 - 2012 @ 12:30
The remittances process follows an agreement reached earlier this month between the governments of Egypt and Iraq to settle debts owed to Egyptian workers who fled Iraq in 1991 after the start of the First …Read full article » Egypt: Tuesday, April 10 - 2012 @ 16:00
The certificates, designed exclusively for Egyptians living abroad and beneficiaries of remittances, offers a 4% annual return, paid semiannually, considered one of the highest rate of return for US-dollar certificates in the region.
The Masri …Read full article » Egypt: Thursday, April 12 - 2012 @ 09:10
This was the first debt issue by an Egyptian bank on the international capital markets.
The transaction was oversubscribed, with investor demand from over 150 investors. The investor base was diversified both in geography and investor …Read full article » Egypt: Saturday, August 07 - 2010 @ 09:56
NBE net profit in the first half of the fiscal year 2009/2010 amounted to about one billion and 13 million Egyptian pounds, with an increase of LE438m compared to the net profits earned during the …Read full article » Egypt: Thursday, May 13 - 2010 @ 10:54
The Environmental Finance Desk’s first transaction is a facility of EGP140m to finance the conversion of brick-making plants in Arab Abu Saeid (located in Suff, Giza Governorate) from fuel oil and diesel and cleaner-burning natural …Read full article » Egypt: Monday, March 12 - 2012 @ 09:26