National Bank of Egypt

Attorney general sends Mubarak sons to court over bank sale
Egypt

Attorney general sends Mubarak sons to court over bank sale

Attorney General Abdel Meguid Mahmoud has referred the sons of deposed President Hosni Mubarak and seven others to criminal court…
Bibliotheca Alexandrina negotiates release of funds in Suzanne Mubarak’s account
Egypt

Bibliotheca Alexandrina negotiates release of funds in Suzanne Mubarak’s account

Bibliotheca Alexandrina administrators have entered into negotiations with Central Bank of Egypt officials to release the funds of former first…
Majid Al Futtaim eyes $500 mn Egypt loan, sources say
Business

Majid Al Futtaim eyes $500 mn Egypt loan, sources say

DUBAI/LONDON — Dubai-based developer Majid Al Futtaim has picked two Egyptian banks to arrange a loan worth around US$500 million…
National Bank of Egypt reports LE1bn profit in second half of 2011
Egypt

National Bank of Egypt reports LE1bn profit in second half of 2011

The National Bank of Egypt’s revenues for the first half of fiscal year 2011/2012 stood at roughly LE1.04 billion, bank…
National Bank of Egypt makes LE2 bln in profits, bad debts halve
Business

National Bank of Egypt makes LE2 bln in profits, bad debts halve

National Bank of Egypt's total revenues for the fiscal year ending 30 June 2011 stood at LE4.2 billion, with a…
Cost of wheat imports nears LE4bn every 3 months
Business

Cost of wheat imports nears LE4bn every 3 months

Egyptian banks give credit facilities of about LE3.9 billion every three months to wheat importers, National Bank of Egypt chairman…
New Egyptian-Sudanese bank to be founded in Egypt
Egypt

New Egyptian-Sudanese bank to be founded in Egypt

The National Bank of Egypt reached an agreement with Sudan to establish an Egyptian-Sudanese bank with US$50 million in capital,…
Top banking official: Former regime tried to undermine banking sector
Business

Top banking official: Former regime tried to undermine banking sector

A prominent banking official said former President Hosni Mubarak’s regime wanted to ruin Egypt's four public banks, that is the…
National Bank of Egypt ranks 8th largest Arab bank, 237th worldwide
Business

National Bank of Egypt ranks 8th largest Arab bank, 237th worldwide

The National Bank of Egypt (NBE) was ranked eighth on the Union of Arab Banks' 2009 report on the top-100…
Mobinil may raise funds via bond or loan
Business

Mobinil may raise funds via bond or loan

Mobinil, which leads the Egyptian mobile market by subscriber numbers, said on Tuesday it could raise funds to finance expansion…
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