The state owned bank, National bank of Egypt, is considered to be one of the most important economic institutions in Egypt throughout its history. It has played a pivotal role in supporting the economy for 124 years since it was established on July 25, 1898, in cooperation with Raphael Soares and British businessman Ernest Castle.
As the bank started with a total capital of one million Egyptian pounds, it was able to rapidly develop itself to achieve huge profits and become one of the major Egyptian banks.
The National Bank of Egypt has become one of the leading banks and banking institutions in the field of investment and economy in the Egyptian market, as it provides a wide range of financial services to clients.
The National Bank of Egypt serves about 18 million customers through 588 branches, including more than 20 electronic branches. The National Bank of Egypt is the first Egyptian bank to introduce the electronic branches into the Egyptian market. It owns 5000 ATMs spread throughout the country.
The Bank has a distinguished external presence through its existence in Africa, Europe, Asia and North America, through branches and representative offices in many countries, including the United States, China, the United Arab Emirates, England and Sudan.
The National Bank has played a historical role in supporting the Egyptian economy since its establishment, and contributed to financing the state national projects.
Throughout its long history, NBE’s functions and roles have continuously developed to square with the economic and political developments in Egypt. During the 1950s, NBE assumed the central bank’s duties.
The National Bank of Egypt enjoys a positive rating by various international rating agencies, as well as a stable outlook; as Standard & Poor's granted it a B rating on the level of short and long-term commitments with a stable outlook. While Moody's has granted the NBE a B3 rating in terms of foreign currency commitments and a B2 rating in terms local currency commitments with a stable future outlook.
Currently the bank provides a wide range of banking services for individuals and institutions. The bank serves its customers with progressive internet and mobile banking services and it also provides e-wallet services through its pioneering Al Ahli Phone Cash.
NBE is always keen to deliver top-quality and cutting-edge banking services and products to its esteemed customers so that the Bank can maintain their precious confidence and continue its leadership in the local banking market.
