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National Bank of Egypt (NBE; Arabic: البنك الأهلي المصري) is a bank founded in Egypt in June 1898, [1] and is the country's largest bank (2013) in terms of assets, deposits, loans, bank-capital, number of total branches, and employees.
The National Bank of Egypt's share continued to decline through several public offerings, to reach 18.7%. In 2006, a consortium led by Ripplewood Holdings acquired the share of the National Bank of Egypt. In July 2009, Actis purchased a 9.1% stake in Commercial International Bank, thus becoming the largest single shareholder in the bank's ...
National Bank of Oman [3] Shinhan Bank Egypt, sold to Attijariwafa Bank; Bank of Nova Scotia, sold to Arab African International Bank [4] National ICICI Bank Egypt sold, to QNB Al Ahli; BNP Paribas Egypt, sold to Emirates NBD [5] Piraeus Bank Egypt, sold to Al Ahli Bank Of Kuwait [6] Crystal Jmaad Global Bank; Bank Audi, sold to First Abu Dhabi ...
Headquarters building in Cairo, designed by Antonio Lasciac and completed in 1927. The idea of a national bank of Egypt dates to at least the days of Muhammad Ali, who ordered the establishment of a bank with 700,000 riyals shortly before he became ill and died.
1995 — BC joined with Bank of Alexandria, National Bank of Egypt, Banque Misr and Kato Aromatics to found Cairo International Bank in Uganda. 1997 — Saudi Cairo Bank merged with United Saudi Commercial Bank to form United Saudi Bank. BC's share position fell to 9.8%. 1999 — Ownership of Banque du Caire et de Paris became BNP 76% and BC 22%.
Location of Egypt. Egypt is a transcontinental country spanning the northeast corner of Africa and southwest corner of Asia by a land bridge formed by the Sinai Peninsula.Egypt's economy depends mainly on agriculture, media, petroleum imports, natural gas, and tourism; there are also more than three million Egyptians working abroad, mainly in Saudi Arabia, the Persian Gulf and Europe.
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Formulates and implements Egypt's banking policy, monetary policy and credit policy; Issues banknotes; Manages gold and the foreign exchange reserves of the Arab Republic of Egypt; Regulates and manages Egypt's presence in the foreign exchange market; Supervises the national payments system; Manages Egypt's public and private external debt.