References in periodicals archive ?
Riyad explained that the success of the NBE in maintaining its leadership of the Egyptian and African banking market in the field of syndicated loans, according to an evaluation prepared by Bloomberg International, is due to the professional and fast performance and efficiency of employees in the sectors of the bank.
We consider NBE and BM to be government-related entities under our methodology, given their full ownership by the Egyptian government.
Accordingly, we would lower the ratings on NBE, BM, and CIB.
Given that virtually all of NBE UK's funding and its main business are dependent on its connection to the Egyptian sovereign, through NBE, and NBE UK's strategy increasingly capitalises on NBE's franchise, Fitch has not assigned a VR to NBE UK.
According to a previous statement by Hisham Okasha, NBE chairperson, the bank was expected to issue these bonds in the first quarter of 2017, however, this has not happened yet.
The volume of the loan portfolio of the NBE hiked to LE 400 billion ($22.
The credit line for NBE is proposed as a pilot project prior to rolling out a country-wide facility under the Southern and Eastern Mediterranean (SEMED) Sustainable Energy Financing Facility (SEFF).
According to Montasser, the idea of CiCiestablishing a money exchange company was generated by the NBE in light of the conditions that were passing through the foreign exchange market before the issuance of decisions to liberalise exchange rates and the existence of an unhealthy environment.
Meanwhile, Hisham Okasha, chairman of the NBE said his bank is looking for opening 25 branches of the exchange company over the coming three years, confirming that the company is intended to offer integrated financial services.
The alliance of NBE, NBAD and HSBC has won this deal after strong competition with five other coalitions participated in a funding bid to select the alliance that can secure the necessary funding as per the requirements.
The rating actions on NBE, BM, and CIB follow the lowering of the long-term ratings on the Arab Republic of Egypt published on 24 December.
Mohamed Abdel Rahim, head of the risk sector at the NBE, took over the chairmanship of the new company, while Nabil Fouad, from the NBE, will manage the company.
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