National Bank of Egypt
Report: Egyptian banks to fund major power deal
Egypt
January 22, 2015
Report: Egyptian banks to fund major power deal
Six Egyptian banks have reached a deal to fund an electricity generation project worth 3 billion Egyptian pounds ($405 million),…
Ezz Steel signs LE1.7-bn loan agreement with international, local banks
Business
January 19, 2015
Ezz Steel signs LE1.7-bn loan agreement with international, local banks
Ezz Steel company signed a long-term loan agreement worth LE1.7 billion with the Arab African International Bank and the National…
NBAD, HSBC, National Bank of Egypt arrange $1.5 bln syndicated loan for Egypt’s state oil company
Business
November 30, 2014
NBAD, HSBC, National Bank of Egypt arrange $1.5 bln syndicated loan for Egypt’s state oil company
The Egyptian General Petroleum Corporation has secured a $1.5 billion syndicated loan from National Bank of Abu Dhabi (NBAD), HSBC…
Banks to arrange $1.5 bln loan for Egypt to repay foreign energy firms
Business
November 28, 2014
Banks to arrange $1.5 bln loan for Egypt to repay foreign energy firms
HSBC, National Bank of Egypt and National Bank of Abu Dhabi will arrange a $1.5 billion syndicated loan to Egypt's…
National Bank consortium wins Petroleum Authority LE10 billion loan
Business
September 2, 2014
National Bank consortium wins Petroleum Authority LE10 billion loan
The Petroleum Authority has announced that the consortium of the National Bank of Egypt won a bid for an LE10…
National Bank of Egypt awarded best retail banking services
Egypt
May 19, 2014
National Bank of Egypt awarded best retail banking services
The Asian Banker Foundation awarded the National Bank of Egypt the best retail banking services trophy for the second time…
Petroleum authority feels effects of credit downgrade
Business
February 13, 2013
Petroleum authority feels effects of credit downgrade
The General Petroleum Corporation will likely have trouble seeking loans following an international credit rating agency's decision to downgrade…
CEO of National Bank of Egypt resigns
Egypt
January 14, 2013
CEO of National Bank of Egypt resigns
The CEO of the National Bank of Egypt, Tarek Amer, resigned on Monday, just days after the president appointed a…
Egypt secures vital oil supplies for rest of year
Business
October 29, 2012
Egypt secures vital oil supplies for rest of year
LONDON — Egypt has secured oil supplies for the rest of the year, despite fears about its ability to make…
Multi-million dollar loan from China due to arrive in National Bank
Business
September 3, 2012
Multi-million dollar loan from China due to arrive in National Bank
The National Bank of Egypt said that the US$200 million loan recently granted by the China Development Bank will arrive…