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$ 1.061 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]

History

19th century

During the 25th of June [4] 1898, Sir Ernest Cassel (50% ownership), the three brothers Joseph Suares (1837-1900), Raphael Suares (1846-1909) and Felix Isaac Suares (1844 - 1906),[5] Moise Cattaui (25%) and Constantine Salvagos of Alexandria (25%) established the National Bank of Egypt (NBE), though Cassel remained in England. NBE established an agency in London.

Share certificate of the National Bank of Egypt, issued 17 April 1899
Advertisement for the National Bank of Egypt, showing its Cairo headquarters before reconstruction in the late 1940s
New Borg El Arab city Branch

20th century

21st century

Overseas operations

NBE has one subsidiary external to Egypt, within London, Britain, the only subsidiary of the bank.[6]

United States operations of the bank,[2] commencing at some time during 2001,[4] are directed from within an office of [2] the Black Rock Building[7] located on 40 East, 52nd street of New York City [2]

Branches in New York and Shanghai, and representative offices in Johannesburg and Dubai

Awards

References

  1. ^ oldest bank in Egypt (nbeuk & wamda) is contradicted by "Anglo-Egyptian Bank founded - Alexandria - 1864" (Oxford Business Group, Barclays):
  2. ^ a b c d 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.
  4. ^ a b History - published by National Bank of Egypt New York (http://nbeny.com/) - accessed 2020-02-12
  5. ^ "Suares Isaac, Della Pegna d. ?: Les Fleurs de l'Orient". www.farhi.org. Retrieved 2017-05-30.
  6. ^ Companies Archived 2020-11-23 at the Wayback Machine, published by the Arab Bankers Association - accessed 2020-02-12
  7. ^ Description, published by Rudin - accessed 2020-02-12
  8. ^ Global Brands Magazine Award 2016 winners

Bibliography