Emirates NBD – Egypt has expanded its presence in Upper Egypt with the opening of its newest branch located in Qena Governorate.
The expansion follows the opening of the Shebin Al-Kom branch in November 2023 and the Zagazig branch in Sharqia Governorate last month, which reflects the bank’s commitment to provide banking and financial services to all segments of society.
Emirates NBD – Egypt aims to bolster investments, create new employment opportunities, and enhance individuals’ quality of life, aligning with the Central Bank of Egypt’s efforts in implementing its financial inclusion strategy and the state’s vision for sustainable development in Upper Egypt
“This strategic initiative fortifies our bank’s geographic footprint in Upper Egypt, fostering a tailored banking experience for our esteemed clientele in the region while empowering them financially,” said Amr El Shafei, CEO and Managing Director of Emirates NBD – Egypt.
The new branch is equipped with advanced standards, including a private lounge for VIP customers and a corporate business center, along with cutting-edge electronic technologies, aimed at delivering a seamless banking experience.
With around 327 ATMs across the country, Emirates NBD – Egypt continues to stand as one of the country’s largest banks.
Emirates NBD-Egypt’s full-year net profit surged by 174% to EGP 3.24 bn in 2023 compared to EGP 1.2 billion a year earlier – the highest annual growth rate in the bank’s profits since it set shop in Egypt.
The bank’s pre-taxes profits recorded EGP 4.9 billion in 2023, compared to EGP 2 billion in 2022, with a growth rate of 141%, and an increase of about EGP 2.9 billion.
