NBE leads EGP 1bn syndicated loan to finance Mashareq Real Estate’s ZAG East in New Cairo
The National Bank of Egypt (NBE) has led a consortium of banks to arrange a long-term syndicated loan worth approximately EGP 1bn for Mashareq Real Estate Investment, a subsidiary of Pioneers Properties for Urban Development (PRE Group). The financing will
NBE grants Ora Developers Egypt EGP 3bn long-term financing for Solana West project
The National Bank of Egypt (NBE) has signed a long-term financing agreement worth EGP 3bn with Ora Developers Egypt to help fund part of the investment cost for Solana West, one of the company’s flagship real estate developments in West
EGP 9.3bn allocated to 44,400 farmers under National Veal Project: Agriculture Minister
The National Veal Project, led by Minister of Agriculture and Land Reclamation Alaa Farouk, has approved EGP 299.6m in funding for 428 small-scale farmers and young graduates. This support will facilitate the purchase of 4,280 head of cattle under the
Al Ahly Capital boosts stake in Easy Lease to 97.55% in strategic acquisition
Al Ahly Capital Holding, the investment arm of the National Bank of Egypt (NBE), has acquired an additional 93.1 million shares—representing 46.55% of Easy Lease’s capital—from El Sewedy Capital Holding. This acquisition significantly strengthens Al Ahly Capital’s ownership in Easy
Banks in Egypt report EGP 426.911bn in net profits for 9M 2024
The Central Bank of Egypt (CBE) has announced that banks operating in the Egyptian market achieved net profits of EGP 426.911bn in the first nine months of 2024. According to the latest report from the CBE, the total net return
Egyptian banking alliance grants EGP 4.235bn to Al-Zahi Group for development projects
Three leading Egyptian banks—the National Bank of Egypt (NBE), Banque Misr, and QNB AlAhli—have extended joint financing worth EGP 4.235bn to Al-Zahi Group. This financing aims to support key development projects, with NBE serving as the lead arranger, financing marketer,
NBE unveils Apple Pay for seamless, secure payments
The National Bank of Egypt (NBE), the largest commercial bank in the country, has introduced Apple Pay to its customers. This innovative payment solution provides a safer, more secure, and private way to make transactions without the need to hand
Banks, mortgage companies inject EGP 78.66bn into low-income initiative in November
Financial institutions participating in Egypt’s low-income mortgage finance initiative provided a total of EGP 78.66bn in funding to over 606,839 beneficiaries in November 2024. A report from the Social Housing Fund and Mortgage Finance Fund revealed that 22 banks contributed
Health Ministry, NBpartner to enhance intensive care, dialysis systems – Dailynewsegypt
Egypt’s Deputy Prime Minister and Minister of Health and Population, Khaled Abdel Ghaffar, witnessed the signing of two cooperation protocols on Tuesday between the Ministry of Health and the National Bank of Egypt (NBE) to support the country’s intensive care
NBE offers mortgage financing for Urban Development Fund units – Dailynewsegypt
Bank provides instant electronic transfers from abroad to customer accounts in Egypt