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References in periodicals archive ?
Al Ahli Exchange was previously chaired by Mohamed Abdul Rahim, who also serves as NBE deputy CEO for risk management.
The NBE announcement confirmed that the CBE move that focuses to minimize the expense of funding SME and micro business projects, wherein increasing their options of success, support in supplying high quality local goods with favourable rates that fulfill the needs of residents and majorly minimize dependence on importing consumer goods.
According to Sherif Riyad, head of the bank credit group for corporate and syndicated loans, the syndicated loans managed by the NBE in 2017 were directed to many strategic sectors, the most important of which are the transport, construction materials, electricity, oil, and real estate development sectors.
We currently assess the stand-alone credit profile (SACP) of BM at 'b-', of NBE at 'b-', and of CIB at 'b'.
In a previous statement, Hazem Hegazy, head of retail banking at the NBE, said that the bank aims to finance industrial projects in the current period.
MasterCard congratulates both Etisalat and NBE for being the first movers in Egypt to leverage this landmark solution," said Michael Miebach, President, Middle East and Africa, MasterCard.
According to Ayman Tolan, head of the branches department at NBE, the branches have been connected through the latest means of communication, technical equipment, and effective monitoring adopted by the world's largest institutions, in the framework of the bank's keenness to apply the latest technologies that comply with international standards, which provide better, faster, and safer service for customers of the bank's various branches.
The stable outlook on NBE, BM, and CIB mirrors the stable outlook on Egypt.
According to Aboul Fotouh, NBE alone received about $18bn in foreign currency inflows throughout that period.
CIB's Support Rating Floor has been affirmed at 'B' as Fitch considers that given the uncertainty in the market, the Egyptian authorities would have an increased propensity to support banks - especially systemically important ones such as NBE and CIB - and that therefore at this rating level it is no longer appropriate to differentiate the Support Rating Floors of these banks.
NBE launched bonds worth $600m to the global markets in August 2010.