References in periodicals archive ?
NBE leaders opened the company's first two branches in Nasr City--the first branch at Mustafa Al Nahhas Street and the second at Makram Ebeid Street.
As per the NBE, the bank will fund around 90% of net project expenses with the provision of 7-year payment facilities with a variable interest rate of 5% that decline over the lifespan of the loan.
Partnering with NBE you'll discover that what you get out of your process is a direct result of what we put into our equipment.
Aboul Fotouh pointed out, in statements to Daily News Egypt, that the loan portfolio at the NBE reached about EGP 400bn in December 2017, of which was about EGP 32bn in loans for small and medium enterprises, and about EGP 42bn in retail loans.
Given that virtually all of NBEUK's funding and its main business are dependent on its connection to the Egyptian sovereign, through NBE, and NBEUK's strategy capitalizes on NBE's franchise, Fitch has not assigned a VR to NBEUK.
The integrated process solutions provided by NBE consisted of Lift & Seal Container Dischargers, Incline Belt Conveyors and Custom PLC Programs with touch semen operator interfaces.
The ratings agency said, "In our view, NBE, BM, CIB, and NSGB face very high sovereign risk because they hold a very high amount of government debt compared with their equity base and earnings capacity.
The NBE previously established a specialised sector to provide all banking services to SMEs, whether financing or non-financing services.
As the largest commercial bank in Egypt, NBE has been working with our partners for many years to ensure that Egyptians have access to the latest and most advanced payment methods.
Aboul Fotouh said that this comes within the strategy followed by the NBE to modernise its branch network throughout Egypt.
Yehia Aboul Fotouh, the vice chairperson of NBE added to Egypt Today that the certificates gained the favor of the bank's clients since their offering 11 months ago, noting that the bank will continue issuing these certificates.
In our view, NBE, BM, CIB, and NSGB face significant sovereign risk because they hold a high amount of government debt compared with their equity base and earnings capacity.
According to Yehia Aboul Fotouh, chairperson of the bank, NBE funded foreign trade operations worth nearly $19bn during the period from 3 November 2016 to mid-December 2017.
Hazem Hegazy, NBE head of retail banking, added to Egypt Today that the portfolio would increase through the addition of 18,000 new clients to the current 56,000 clients, registering LE 32.
The downgrades of NBE, NBEUK and CIB's IDRs and Negative Outlook reflect the rating action taken on the Arab Republic of Egypt's ratings.
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