NBE expands Services with 10 New Business Development Centers

National Bank of Egypt has inaugurated 10 new centers for non-financial services and business development. This announcement was made through the bank's official Facebook page as part of Nile Pioneers initiative, in collaboration with Nile University.

First Bank website highlights the services provided by these business development centers, which include:

1. Project Idea Formation Service: This service assists clients and entrepreneurs in evaluating and defining executable project ideas that match their capabilities and experiences.

2. Establishment of New Projects and Feasibility Studies Preparation: Business development service centers help clients and entrepreneurs prepare initial business plans or simple feasibility studies to start a new project or expand an existing one, determining the required financing needs.

3. Facilitation of Registration or Licensing: These centers help clients access information related to official activity registration locations, the required procedures, and documents for obtaining activity licenses or both.

4. Facilitation of Access to Financing Services: These centers provide customers with information about financial products offered by banks or non-banking financial institutions (factoring companies, leasing companies, risk capital companies) based on geographic location, business nature, and required financing volume. They also assist customers in preparing credit files and the required documents for financing assessment, educating them on how to interact with financial institutions and manage bank accounts effectively to avoid unfavorable credit ratings.

5. Financial Analysis and Evaluation Service: The centers offer preliminary financial analysis and guidance for business financial statements, presenting analysis results, financial ratios, and recommendations to assist customers in making future corrective decisions.

6. Networking with Suppliers and Target Markets: This service facilitates connections between small and medium-sized enterprises and both public and private sector supply chains, as well as similar-sized projects to exchange products and services.

7. Knowledge Dissemination and Data Sharing on Small and Medium Enterprises: This service provides access to a database on Egypt Projects platform (a website established by the Small and Medium Enterprises Development Agency) that offers information on service providers such as financial, economic, administrative, and marketing consultancy offices, general service offices, real estate offices, customs clearance offices, specialized consulting services providers, and business and product development experts.

8. Training and Capacity Building Service: In collaboration with the Small and Medium Enterprises Development Agency, this service offers specialized programs to equip project owners and employees with knowledge and skills to become competent contributors to the success and development of their projects. This includes entrepreneurial training programs covering capabilities, entrepreneurial skills, idea generation, and project initiation.