National Bank of Egypt

National Bank of Egypt S.A.E.
البنك الأهلي المصري
Company typeGovernment-owned corporation
IndustryBanking and financial services
FoundedJune 25, 1898 (1898-06-25)
Headquarters,
Number of locations
516
Services
  • Increase$ 4.061 billion (2019)
Total assets
  • Increase$ 84.77 billion (2019)
Websitewww.nbe.com.eg

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.[2]

NBE has 540 branches within the country, assets of £E 366,6 bn., total deposits of £E 312,7 bn., and total loans and advances of £E 114,7 bn.[3] As of 2007, the National Bank of Egypt accounted for 23% of the Egyptian banking system's total assets, 25% of total deposits and 25% of total loans and advances. NBE also financed about 24% of Egypt's foreign trade during the year. NBE also accounts for 74% of the credit card market and 40% of the debit cards in Egypt.

According to the July 2007 issue of the Banker, in terms of total assets, NBE ranks 226th among the top 1000 world banks and ranks 3rd among the Arab banks.[citation needed]

  1. ^ oldest bank in Egypt (nbeuk & wamda) is contradicted by "Anglo-Egyptian Bank founded – Alexandria – 1864" (Oxford Business Group, Barclays):
  2. ^ National Bank of Egypt Resolution Plan Section 1: Public Section December 2013, published by The Federal Reserve of the United States - accessed 2020-02-12
  3. ^ "ar: youm7.com: البنك الأهلى المصرى يحقق 7.1 مليار جنيه أرباحا خلال عام". Archived from the original on 2014-07-07. Retrieved 2014-02-09.