National Bank of Egypt

It is the largest and oldest bank in Egypt. It has approximately 340 branches in the country that are responsible for offering banking and financial services. It is an entity that has evolved and supported the country’s economy over many years.

History

It was established by banker Sir Ernest Cassel along with other partners in 1898. Because Cassel remained in England, the bank quickly established a branch in London. In 1901, it opened an office in Khartoum. It began to grow and expand through the establishment of the Agricultural Bank of Egypt (1902) and Bank of Abyssinia (1906). Both banks were subsequently liquidated. In 1957, it was declared as the Central Bank of Egypt and was nationalized during the 1960s. It created, together with Chase Manhattan Bank, the Commercial International Bank (CIB). Subsequently, it established branches in the United Kingdom, the United States, Dubai and other countries. In 2005, it bought Mohandes Bank and the Bank of Commerce and Development.

Routing Number

The route number consists of 9 digits that represent the efficiency and guarantee in a bank transfer: 026009988.

Number of Employees

The bank has approximately 14,000 employees.

Rating

The rating is the evaluation of a bank and the risks it can take in case of not paying a debt. Moody’s, S&P, and Fitch are the agencies in charge of it.

National Bank of Egypt has a rating of:

  • Moody’s = B2.
  • S&P = B+. 
  • Fitch = B+.

B2 (Moody’s) = It has high credit risk.

B+ (S&P Global) = The financial situation undergoes notable variations.

B+ (Fitch) = It has some risk.

Headquarters

The headquarters of the entity is in the city of Cairo, Egypt.

Website

If you want to know more about this bank, enter through its website: http://www.nbe.com.eg/.

Services

It provides retail banking, corporate banking, foreign and local currency certificates, electronic payments, account management, credit and debit cards, payroll, interest rates, bill payments and more.

Contact

  • Address: 1187 Corniche El Nil, National Bank Tower, Boulak, Cairo
  • Phone Number: +20 2 2594 5000