NBE Releases Commemorative Stamp and Currency in Honor of 125th Anniversary

In celebration of its 125th anniversary, National Bank of Egypt has issued a commemorative postage stamp and currency. The bank was established on June 25, 1898, through a royal decree from Khedive Abbas Helmi II, with a capital of one million pounds sterling, making it the first Egyptian joint-stock company registered under commercial number 1.

The design of the postage stamp and commemorative currency reflects the bank's corporate identity, featuring its name and logo, ensuring that its founding is remembered by future generations.

Hisham Okasha, Chairman of the Board of NBE, emphasized the bank's historical significance, with its 125-year milestone symbolizing its deep connection to Egypt's modern history. NBE was the pioneer in issuing banknotes in the country and served as the central bank until 1960.

The bank's first branch was opened in Cairo on September 3, 1898, followed by an extensive network of branches that now spans across the entire republic.

Okasha highlighted NBE's substantial contribution to Egypt's economic and monetary development throughout its history. The bank has played a prominent role in supporting economic reforms and has also made significant social, cultural, and sports contributions.

Yehia Abou El Fotouh, Vice Chairman of the Board of National Bank of Egypt, emphasized the bank's expansive service network, comprising over 630 branches and banking units located in various Egyptian governorates. This extensive network aligns with the principles of financial inclusion.

Abou El Fotouh also mentioned NBE's global presence, with active branches in several continents. These include National Bank of Egypt (UK), National Bank of Egypt - Khartoum (Sudan), National Bank of Egypt - Juba (South Sudan), and branches in New York (USA) and Shanghai (China). The bank also maintains representative offices in Johannesburg (South Africa), Dubai (United Arab Emirates), and Addis Ababa (Ethiopia).

Dalia El Baz, Vice Chairman of the Board of NBE, affirmed the bank's commitment to providing advanced banking services and products to its customers. The bank strives to maintain their trust by embracing digital transformation and enhancing electronic communication channels.

El Baz further emphasized the bank's investment in developing its human resources through sophisticated training programs, both locally and internationally. These programs align with the latest industry practices, reflecting NBE's dedication to the continuous growth and development of its employees, particularly the youth, throughout its long-standing history.