NBE clinches 3 awards from International Business Magazine for 2023
First Bank
The National Bank of Egypt has secured 3 new awards from International Business Magazine for 2023: Best Brand in Egypt 2023, Best Syndicate Loans and Project Finance Provider Egypt 2023, and Best CSR Initiative Bank Egypt 2023.
The bank has shown strong performance this year, with customer deposits growing by approximately 6.3%, reaching EGP 3.4 tn by the end of June 2023, compared to EGP 3.2 tn at the end of December 2022, an increase of EGP200 bn.
Total loans increased by 14.4% during the first half of this year, reaching EGP1.978 tn by the end of June 2023, compared to EGP 1.729 tn at the end of December 2022.
The bank's asset portfolio also rose to EGP 4.9 tn by the end of June 2023, compared to EGP 4.4 tn in December 2022.
These awards are not the first for the bank this year; it has received numerous awards, including 22 international awards from EMEA Finance, such as Best Bank in Syndicated Loans and Best Bank in Project Finance and Structural Finance, as well as Restructuring in Africa for 2022.
Additionally, for the second consecutive year, the bank maintained its leadership in the field of Legal Group Man unaugment Quality, being the first bank in Egypt, Africa, and the Middle East to receive the "ISO 9001/2015" quality certificate in Legal Group Management, awarded by the British Standards Institution (BSI). This reinforces the bank's leadership in compliance with international best practices and standards.
Furthermore, NBE also obtained the ISO 27001:2022 certification for Information Security Management, making it the first bank in Egypt and Africa to receive this certification from the British Standards Institution (BSI).
For the tenth consecutive year, the bank has successfully retained its status as the first bank in Egypt to receive certification for compliance with the global standards of Visa and MasterCard for securing electronic payment and credit card data, PCI DSS version 3.2.1, following examination, review, audit, and documentation by the external international auditor QSA.
