Tag: National Bank of Egypt
National Bank of Egypt obtains $1 billion unsecured loan facility
Emirates NBD Capital, Mashreqbank and Firstrand Bank were the global coordinators on the financing deal
ADEX, National Bank of Egypt signs $100 million credit agreement
The financing agreement seeks to bolster economic activities and further enhance the already fertile trade landscape between the UAE and Egypt
Egypt’s NBE, Mastercard bolster partnership to advance digital payments
The renewed partnership cements the long-standing cooperation between the two entities in their endeavour to drive innovation and financial inclusion in Egypt
Commercial International Bank FY profit jumps 21% on higher revenues
Commercial International Bank (CIB) reported a rise of 21% in 2022 net profit, with revenue boosted by the bank’s solid grounding and robust balance...
Moody’s downgrades 5 Egyptian banks, citing weaker sovereign
Moody’s has downgraded the long-term bank deposit ratings of five Egyptian banks by one notch a week after the rating company lowered the North...
Mastercard invests in Nclude to boost Egypt’s fintech ecosystem
Mastercard said Tuesday that it has invested in Nclude, an Egyptian financial technology-focused investment fund, to accelerate the growth of the country’s fintech ecosystem...
Fintech ascending: Why Egypt’s banks should embrace change
There is great appetite for innovation and modernization in the Egyptian financial world right now and everybody is trying to get on board. Almost...