National Bank of Egypt
NBE is the oldest and largest bank in Egypt. It was established on June 25, 1898. Since its establishment, NBE's functions and roles have continually developed to square with the different economic and political stages in Egypt. During the 1950s, NBE assumed the central bank's duties. After its nationalization in the 1960s, it acted as a pure commercial bank besides carrying out the functions of the central bank in the areas where the latter had no branches. Moreover, since the mid-1960s, NBE has been in charge of issuing and managing investment certificates on behalf of the government. Furthermore, in line with its role in supporting State policies on an ongoing basis, NBE provided direct funding for the Treasury by purchasing T-bills and government bonds.
NBE is a full-fledged financial institution with 446 branches nationwide, and subsidiaries in New York, London, Shanghai, Johannesburg, Addis Ababa, Khartoum, and Dubai.
As of 2018, NBE’s total deposits reached USD 55B while its net profit after tax for the year amounted to USD 555M.
NBE is the largest contributor of social responsibility among banks in Egypt. It believes that it has a significant role to play in improving the quality of life of Egyptians. To this end, NBE contributed 9% of its net profit, up from 7% yoy. Such contributions were mainly directed to supporting healthcare, education, slums development, and combating poverty.