This article is about a commercial bank. For Egypt's central bank, see Central Bank of Egypt.
National Bank of Egypt S.A.E. البنك الأهلي المصري
Headquarters
Company type
Government-owned corporation
Industry
Banking and financial services
Founded
June 25, 1898 (1898-06-25)
Headquarters
Cairo
,
Egypt
Number of locations
516
Services
Financing
Net income
$ 4.061 billion (2019)
Total assets
$ 84.77 billion (2019)
Website
www.nbe.com.eg
National Bank of Egypt (NBE; Arabic: البنك الأهلي المصري) is a bank founded in Egypt in June 1898,[1] and is the country's largest bank (2013) in terms of assets, deposits, loans, bank-capital, number of total branches, and employees.[2]
NBE has 540 branches within the country, assets of £E 366,6 bn., total deposits of £E 312,7 bn., and total loans and advances of £E 114,7 bn.[3]
As of 2007, the National Bank of Egypt accounted for 23% of the Egyptian banking system's total assets, 25% of total deposits and 25% of total loans and advances. NBE also financed about 24% of Egypt's foreign trade during the year. NBE also accounts for 74% of the credit card market and 40% of the debit cards in Egypt.
According to the July 2007 issue of the Banker, in terms of total assets, NBE ranks 226th among the top 1000 world banks and ranks 3rd among the Arab banks.[citation needed]
^oldest bank in Egypt (nbeuk & wamda) is contradicted by "Anglo-Egyptian Bank founded - Alexandria - 1864" (Oxford Business Group, Barclays):
National Bank of Egypt, published 2014 - accessed 2020-02-12
Nina Curley (2012) — Revolutionizing Egypt's Oldest Bank with Cloud Computing, published by wamda August 15, 2012, - accessed 2020-02-12
Egypt sets new targets for banking sector after moving to free-floating currency, published by Oxford Business Group - accessed 2020-02-14
Anglo Egyptian Bank, published by Barclays - accessed 2020-02-14
^National Bank of Egypt Resolution Plan Section 1: Public Section December 2013, published by The Federal Reserve of the United States - accessed 2020-02-12
^"ar: youm7.com: البنك الأهلى المصرى يحقق 7.1 مليار جنيه أرباحا خلال عام". Archived from the original on 2014-07-07. Retrieved 2014-02-09.
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