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NBE is the oldest commercial bank in Egypt. It was established on June 25, 1898 with a capital of £ 1 million. Throughout its long history, NBE's functions and roles have continually developed to square with the different economic and political stages in Egypt. During the 1950s, NBE assumed the central bank's duties. After its nationalization in the 1960s, it acted as a pure commercial bank besides carrying out the functions of the central bank in the areas where the latter had no branches. Moreover, since mid-1960s, NBE has been in charge of issuing and managing saving certificates on behalf of the government.

During the FY 2014/15, NBE managed to achieve positive performance indicators. Total financial position in June 2015 recorded EGP 519.6 bn., growing 14% yoy. Accordingly, NBE's total assets accounted for 23.6% of the total banking system assets.

Total deposits reached EGP 447.8 bn., with a growth rate of 13.9% yoy, accounting for 25.8% of the total banking system deposits. Such leap was driven by the introduction of a diversified package of deposits in local and foreign currencies at competitively lucrative rates.

 Net cumulative balance of NBE's saving certificates, the largest household saving scheme in Egypt, recorded EGP 108.9 bn. as at the end of June 2015.

NBE has further provided a set of distinguished finance schemes that meet the needs of key economic sectors. The total retail loan portfolio reached EGP 31.5 bn. as at the end of June 2015, growing 20.2% yoy.

NBE had also assumed an active role in funding key strategic economic sectors including oil, energy, electricity, gas, telecommunications, air transportation, tourism and contracting. Total large corporate loan portfolio surged 27% to reach EGP 107.6 bn. as at June 2015.

In line with NBE's support to small and medium sized enterprises (SMEs), the total SME loan portfolio reached EGP 16.6 bn., growing 23% yoy. Total finance injected to SMEs amounted to EGP 7.1 bn. during the year, whether in the form of extending loans to new customers or scaling up finance to existing ones. NBE also relent – during the year - an amount of EGP 2.2 bn. from the Social Fund for Development (SFD) to its customers, commanding 80% of the total number of agreements made by SFD with the banking system.

Capitalizing on international financing institutions confidence in its capabilities, NBE managed to conclude 8 finance agreements with several foreign financing institutions. These agreements provided the equivalent of EGP 3.6 bn. to be relent for projects working on women empowerment, energy efficiency, environmental compliance and industrialization.     

Total loans have thus risen 25% to reach about EGP 155.7 bn. accounting for 21.7% of total banking system loans. NBE, hence, commands 24% of the banking market growth. Accordingly, net loans reached EGP 146.7 bn., growing 25.6% yoy.

All such efforts resulted in achieving profit (before taxes) of  EGP 10.4 bn., increasing 23% yoy. Net profit rose 36% to record EGP 5.1 bn.

NBE succeeded in increasing its equity to EGP 28.3 bn. as at the end of June 2015, growing 16% yoy. NBE also raised its paid-up capital to EGP 15 bn. as at the end of June 2015. 

In line with its role in supporting state policies on an ongoing basis, NBE provided direct funding for the Treasury by purchasing T-bills and government bonds. Average T-bills and bonds balance accounted for EGP 116.8 bn. as at the end of June 2015.

In light of the above, NBE’s local currency and foreign currency deposits ratings were upgraded by Moody’s to B3 from Caa1 and to Caa1 from Caa2 respectively, with a stable outlook in April, 2015.


NBE launched and upgraded a host of new banking products to cater for all the needs of the different segments of customers. In that vein, new products were introduced such as Al Mostakbal Saving Accounts for youth, Ahl  Masr USD Certificates and NBE's Corporate Saving Certificates. In addition, NBE continued to support and promote the Central Bank of Egypt’s initiative to stimulate mortgage finance granted to middle and low income earners. Moreover, terms and conditions of the personal and auto loans were amended in favour of customers by increasing the debt burden ratio.


The number of government entities and private sector companies to which NBE provides payroll services rose to 992 entities and 1,070 companies, as at the end of June 2015, with a total issued payroll cards of 143,000 and 1.2 million respectively.


NBE developed its call center customer service provided via “Al Ahly Phone” for balance inquiry with respect to accounts and cards; request of statements of account and cheque books; inquiry about exchange rates of foreign currencies against the Egyptian pound, interest rates of savings and all other NBE’s products and services. This is in addition to repayment of credit card due amounts by debiting the customers’ accounts, suspension and application for replacements for lost cards and other banking services. Furthermore, a number of 14 new branches were opened, to reach a total of 292 branches as at the end of June, 2015.

In the framework of developing its information technology infrastructure, NBE revamped its Automated Clearing House (ACH) system and rolled out its new ACH system to all NBE’s branches. The new ACH system, thus, saves time for collection, streamlines services and meets the reporting and statistical requirements of the central unit. NBE became the first bank in Egypt to be awarded a certificate of compliance with the requirements of version 3.0 of the Payment Card Industry Data Security Standard (PCI DSS).

Developing its services and products to provide customers with distinctive services, NBE increased the number of ATMs and  improved their deployment nationwide to reach 2,150 with a growth rate of 24% yoy; thus NBE commands around one third of the market. The POS network expanded by concluding agreements with the largest and most important merchants in Egypt to amount to 13,477  machines, up by 21% yoy.


NBE continued to boost its role in social responsibility by making donations in the amount of EGP 250 MM. in FY 2014/2015 mainly directed to health care, education, combating poverty and slums development. Accordingly, NBE’s donations increased by EGP 100 MM. yoy, totaling EGP 733 MM. over the last few years.


To strengthen and boost stock investments and securities market, NBE established a distinct number of mutual funds that support the Egyptian capital market and deliver services to a distinguished segment of customers. NBE offers investment services by expanding the central depositary and trading services.

Realizing the significant role played by human resources in the implementation and achievement of strategic initiatives, NBE has assigned great importance to human capital management with an eye to improving the work environment and fostering employee satisfaction. NBE further courts highly-qualified candidates and, at the same time, develops the management and leadership skills of its staff to create future leaders.

In July 2015 issue, The Banker ranked NBE the 232nd ahead of all Egyptian banks, among the largest 1,000 banks worldwide and the 7th among Arab banks, in terms of total assets.

NBE has an extensive network of 327 branches, offices and banking units nationwide. To this may be added NBE's effective international presence through the National Bank of Egypt (UK) Limited, National Bank of Egypt (Khartoum) – Sudan,  New York and Shanghai branches (in USA and China), and representative offices in Johannesburg – South Africa, Dubai – UAE and Addis Ababa – Ethiopia, plus NBE (DIFC) Limited for financial advice. This is in addition to a vast correspondent network around the globe (Europe – USA – Australia – Canada- the Far East – Africa – the Arabian Gulf).

NBE is always keen to render up-to-date banking services and products that are perfectly developed for its esteemed customers so that the Bank can maintain their precious confidence and continue its leadership in the local banking market.