Ahly bank

NBE is the oldest commercial bank in Egypt. It was established on June 25, 1898 with a capital of £ 1 million. Throughout its long history, 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 mid-1960s, NBE has been in charge of issuing and managing investment certificates on behalf of the government.

During the period from July 1st, 2020 to December 31st, 2021 (18 months), NBE managed to achieve unprecedented performance indicators. Total financial position as at the end of December 2021 recorded EGP 3.3 trillion, growing 60.2% against the end of June 2020. Accordingly, NBE’s total assets accounted for 37.5% of Egyptian banks’ total assets. NBE’s financial position continued to scale up to EGP 3.6 trillion as at end-June 2022.

Total deposits reached EGP 2.4 trillion as at end-December 2021, with a growth rate of 50% against June 2020, accounting for 37.1% of total banks’ deposits. Such leap was driven by the introduction of a diversified package of deposits in local and foreign currencies at competitively lucrative rates. NBE’s deposits approached EGP 2.8 trillion as at end-June 2022, which highlights the customers’ confidence in our Bank.

NBE has further provided a set of distinguished finance schemes that meet the needs of key economic sectors. As at the end of December 2021, the total retail loan portfolio worth EGP 159 bn., “with a market share of 26.3%”, grew by EGP 57 bn. against June 2020, with a growth rate of 56%, of which EGP 11.5 bn. were extended to 105,000 customers as part of the Central Bank of Egypt’s (CBE) initiative for mortgage finance. Retail loans continuously went up to reach EGP 188 bn. as at end-June 2022.

As for large corporate finance, NBE has also assumed an active role in funding key national economic sectors. Total large corporate loan portfolio surged 66.7% to reach EGP 904 bn. as at end-December 2021, continuing to rise up to EGP 1 trillion as at end-June 2022.

In line with NBE’s support to small and medium sized enterprises (SMEs), the total SME loan portfolio accounted for EGP 110 bn. as at end-December 2021, growing by EGP 33 bn., representing 42.9% against June 2020, to record EGP 132 bn. as at June 2022.

Total loans have thus risen 66% to reach EGP 1.2 trillion, accounting for 38.7% of Egyptian banks’ loans. Total loans continued to grow to amount to EGP 1.4 trillion as at end-June 2022.

All such efforts resulted in achieving profit (before taxes) of EGP 66 bn. Net profit reached EGP 29.7 bn. in the period from July 1st, 2020 to December 31st, 2021 (18 months).

NBE succeeded in increasing its shareholders’ equity to EGP 182 bn. as at the end of December 2021, growing by 49.2% against June 2020.

NBE is one of the largest contributors to social responsibility among banks in Egypt. It believes that it has a significant role to play in improving the quality of life of Egyptians. Such contributions were vigorously engaged in supporting healthcare, education, slums development, combating poverty, alleviating the distress of imprisoned indebted persons, and empowering disabled persons, as well as supporting culture and maintaining heritage. As a result, NBE’s contributions to social responsibility totaled EGP 9.3 bn. in 6 years.

In early 2022, NBE launched a strategy skewed towards boosting the digital transformation, artificial intelligence, and omni-channel marketing; and promoting the customers’ digital experience in the various banking aspects. Accordingly, NBE signed a cooperation protocol in March 2022 with the Ministry of Communication and Information Technology (CIT) to establish a training academy with a view to preparing professionals in the trends of advanced technology, most notably information security and data centers.

Crowning its efforts, NBE was ranked first in the Egyptian and African markets for undertaking various roles such as the finance agent, lead arranger and book runner for syndicated loans in the first half of 2022, through managing 13 finance deals surpassing an amount of EGP 54 bn. It came in the third position as a finance agent, sixth spot as a lead arranger, and tenth place as a book runner for syndicated loans in MENA region, according to Bloomberg’s league tables.

In addition, NBE has received the award of the Best Trade Finance Provider in Egypt for 2022. Mr. Hisham Okasha, NBE Chairman, was named the best banking CEO in Egypt for 2022 from the World Economic magazine.

NBE was ranked the second most valuable banking brand in Egypt in 2022 with a brand value of USD 461 mn., according to Brand Finance’s ” Egypt’s top 10 brands for 2022″.

Furthermore, NBE received the ISO 27001:2013 certification for information security management system for the seventh year in a row. It has renewed and enhanced its compliance with ISO 22301:2012 certification for business continuity management system. In addition, NBE was the first in Egypt, Africa and Middle East to receive ISO 9001:2015 certification for the quality management system of Legal Group from the British Standards Institution (BSI).

Global Finance magazine named NBE Best Bank for Liquidity Management in the Middle East in 2022.

NBE also won the African Banker Magazine’s award for Best Bank in North Africa for 2022. Moreover, it won GFC Media Group’s “Project Finance Deal of the Year” for financing Evergrow for Specialty Fertilizers in 2022. Meanwhile, NBE was recognized by MEED (Middle East Economic Digest) as the Best Retail Bank in MENA for 2022. NBE ranked first in Egypt and fourth in Africa on The Banker’s Top 1000 World Banks 2022 list.

NBE received two awards: Best Retail Bank and Best Trade Finance Provider in Egypt for 2022 from the Global Economics.

NBE was recognized by the global institution “The Asian Banker” as Egypt’s Best Retail Bank in 2021.

EMEA Finance has presented to NBE four awards in several areas as follows: “Best Syndicated Loan House”, “Best Structured Finance House”, “Best Refinancing House”, and “Best Restructuring House” in Africa for 2021. NBE further obtained eight awards from the same institution for the best finances extended across Europe, Middle East and Africa (EMEA), including “Best Restructuring House”, “Best Structured Finance”, and “Best Refinancing House” in EMEA. The Bank was acclaimed for its landmark securitizations and local currency finance deals. NBE also succeeded to obtain “Best Financial Institution Syndicated Loan in EMEA”. Furthermore, Global Custodian Magazine recognized NBE as the best custodian in Egypt for foreign customers in 2021.

Constantly developing its diversified services and products to provide customers with top-notch services, NBE increased the number of ATMs and improved their deployment nationwide to reach 6,100. It also raised the number of POS to 398,000 in June 2022.

Keen on promoting the culture of financial inclusion and digitalization, NBE introduced several online banking services to cater for 6.6 mn. customers via Al Ahly Net, and 1.85 mn. customers via Phone Cash wallets. Moreover, the Bank opened 35 electronic service branches in order to reduce cash transactions in the market.
Moreover, NBE stayed in the lead in terms of retail cards, issuing a total of 4 mn. prepaid cards and 6.2 mn. debit cards in December 2021.

To boost stock investments and securities market, NBE has a large number of mutual funds that support the Egyptian capital market and deliver services to a distinguished segment of customers. NBE also offers investment services by expanding the central depositary and trading services.

NBE has an extensive network of 615 branches, offices and banking units nationwide (serving nearly 17.8 mn. customers). Additionally, the Bank maintains an effective international presence through National Bank of Egypt (UK) Limited, National Bank of Egypt (Khartoum) – Sudan, NBE Juba PLC (South Sudan), New York and Shanghai branches (in USA and China), and representative offices in Johannesburg – South Africa, Dubai – UAE and Addis Ababa – Ethiopia, plus NBE (DIFC) Limited for financial advice. This is in addition to a vast correspondent bank network around the globe (Europe – USA – Australia – Canada – the Far East – Africa – the Arabian Gulf).

NBE is always keen to deliver top-quality and cutting-edge banking services and products to its esteemed customers so that the Bank can maintain their precious confidence and continue its leadership in the local banking market.