NBE starts operating in its new headquarters in Sudan

The National Bank of Egypt-Khartoum began its banking business from its new headquarters in Atbara, northern Sudan, which is about 300 kilometers from the capital, Khartoum.

Hisham Okasha, Chairman of the Board of Directors of the National Bank of Egypt, stated that the bank's new headquarters is the first representation of a foreign bank in Atbara other than branches of Sudanese banks.

He noted that the NBE-Khartoum was inaugurated in 2012 as a subsidiary of the NBE within the framework of the Bank's strategic plan for external presence and to strengthen historical and economic relations between Egypt and Sudan and to advance the development plans pursued by the two countries by increasing promising investment opportunities between them and providing various banking services to achieve greater African cooperation and integration.

Okasha added that NBE Khartoum is a company owned by 99% of NBE, and 1% of Al Ahly Capital, which is the bank's investment arm. 

He emphasized the leadership of the National Bank of Egypt in the African presence, where the Bank's representative office was established in Johannesburg, South Africa, in 1993, and then a representative office in Addis Ababa, Ethiopia, and the National Bank of Egypt-Juba, South Sudan, as well as the National Bank of Egypt "Khartoum".

Mohamed Atef, General Manager of the National Bank of Egypt, Khartoum, emphasized the Bank's success in performing its functions and providing banking services to customers since its opening in 2012, through the presence of its headquarters in two branches in the capital Khartoum.

He explained that the city of Atbara was chosen to open the new branch of the bank to meet customers' needs as a vital city and an important industrial hub and link between eastern and northern Sudan, where it includes a wide range of industrial and administrative facilities, thereby adding a distinct presence to the bank in Sudan. Abdallah idris, Deputy Director General of the National Bank of Egypt, Khartoum, noted that the Bank provides various banking services and trade finance to companies wishing to invest in the African continent in various fields and economic activities, as well as cooperation in the field of transferring Egyptian expertise and providing technical support to contribute to the capacity-building of national cadres in the Sudan.

He added that the bank took into account the application of the latest technology in banking work as well as the selection of the best human cadres from the labour market in Sudan who were trained to ensure the highest quality of service, in addition to preserving the bank's distinctive institutional identity in all the designs and furnishing of the branch while achieving the integration of cultures within the working environment