National Bank of Egypt

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About National Bank of Egypt

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 continuously developed to square with the economic and political developments in Egypt. During the 1950s, NBE assumed the central bank’s duties. After its nationalization in the 1960s, it acted as a purely commercial bank beside carrying out the functions of the central bank in the areas where the latter had no branches. Moreover, since the mid-1960s, NBE has been in charge of issuing and managing saving certificates on behalf of the government.