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National Bank of Egypt
oldest and largest bank in Egypt is National Bank of Egypt's oldest and most prestigious Egyptian commercial banks, which was established in June 25, 1898 million pounds capital, has evolved and the bank and its functions continuously through history and in accordance with the economic and political changes, which passed by the country, in the fifties Of the last century, the functions carried out by the World Bank and central banks nationalized after time in the sixties to work with commercial banks continued his functions of the central bank in areas where there is a last resort to the branches as well as the issue since the mid-sixties and management of investment certificates on behalf of the state.
The bank was able to preserve its own distinguished career through constructive cope with all the innovations in the banking system and the development of services and use the latest electronic systems to achieve maximum customer satisfaction, as confirmed by the results of its work in June 30, 2007, with a total financial center of the bank about 213 billion pounds, a growth rate 15% compared to June 30, 2006 as deposits amounted to about 162 billion a growth rate of 5%, and record total loans and advances about 89 billion a growth rate of 7%.
The results reflected the bank to acquire 24% of the total financial center of the Egyptian banking system, 25% of the total deposits and 25% of total loans and advances, in addition to the bank to finance 25% of Masraforeigp trade during the year.
The assessments also the international evaluation institutions to confirm the efficiency and performance distinguish the bank has granted the Bretton s' Standard & Poor rating is the same degree (BB +) of long-term commitments in foreign currency, and the degree of (B) of short-term obligations in foreign currency.
According to the classification of The Banker magazine in a world in July 2007 the bank has occupied the first rank among the top 243 A bank in the world, according to the criterion of total assets, ahead of all Egyptian banks, which came under this classification, finished third among Arab banks under this classification in accordance with the same Standard.
The Bank provides several distinct savings both in local currency or foreign, which suit all segments of society, which had been growing acceptance of clients, in addition to the bank to acquire 70% of credit cards, installment in the Egyptian market and 45% of the total debit cards.
Based on the bank to provide services to the vast network of banking units currently amounts to 423 units covering all parts of the country, along with the presence of foreign effective in most continents of the world through the National Bank of Egypt (UK) Ltd., a branch and National Bank of Egypt - New York (United States of America ) And Shanghai (China), and representative offices in both Johannesburg, South Africa, and Dubai, United Arab Emirates in addition to a network of correspondents at about 1086 correspondent in various parts of the world is concentrated mostly in the continent of Europe, which is the first trade partner of Egypt.
It is worth mentioning that in support of the development of performance to maintain the privileged status that is now being implemented many development programs in collaboration with major global institutions, where the Bank has developed a comprehensive strategic plan for the development and restructuring during the period in cooperation with the Mckinsey & Company, in addition to development projects Executing institution with ING-Bearing Point and the European Investment Bank EIB, areas include development of risk management and human resources, information technology, operations and information management systems, management and organizational structure of the bank services, retail and corporate finance services and direct investments.
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