NBK Tools

NBK Tools

Prayer Timing

  • Fajr

  • Duhr

  • Asr

  • Maghrib

  • Isha

Loan Calculator

Loan Refinancing Calculator

Term Deposit Calculator

Currency Convertor

Notifications

  • Important Announcement

    Dear Customer, please note that NBK - Egypt will never contact you to request any personal or confidential information regarding your accounts or cards. In case this happens, please call the Call Center immediately at 19336.

News

Filter By:

Egypt: NBK Egypt participates with 3 banks in a syndicated finance of 4 Billion EGP for the benefit of the Egyptian Electricity Transmission Company (EETC)

22.09.2021

A joint alliance of the NBE, CIB, BDC and NBK - Egypt succeeded in securing a long-term syndicated finance of 4 Billion EGP for the Egyptian Electricity Transmission Company (EETC). The contract signing ceremony took place Monday, August 23rd, at the Ministry of Electricity’s headquarters.

The syndicated loan will be used to finance part of the investment cost of some of the company’s projects including the implementation of transformer stations and the expansion of some of the existing stations’ transformers, as well as the purchase of new transformers and cells needed for them, and the implementation of cables and lines for the transmission of high voltage electric power nationwide.

The contract was signed by Mr. Amr El Alfy - Head of Business Group, in the presence of Mr. Yasser El Tayeb - Vice Chairman, CEO and Managing Director of NBK Egypt, and Mr. Ahmed Al-Shall - Head of Large Corporate and Syndication, and Mrs. Sanaa Abdel Aziz - Executive Director, President of the Public Sector Group of Companies

On this occasion, Mr. Yasser Al Tayeb stated that our bank’s participation in the financing of this project comes within the framework of the bank’s strategy and its direction towards supporting and financing the national projects of the country, focusing on the electricity projects, due to the great importance these projects represent as they are the main pillar of development in various aspects of life and the main driver of all economic activities. In order to achieve inclusive development, as all countries of the world seek to secure their electricity needs, which prompted the Egyptian state to launch strongly towards the inauguration of many major electrical projects, thus enabled Egypt to become a regional energy center in support of the strategic objectives of Egypt's Vision 2030.

In his turn, Mr. Amr Al Alfy stated that the bank is continuing its strategy, which it pursued several years ago, towards supporting major national projects, infrastructure projects and sustainable development to support the country in its future plans in order to achieve progress and prosperity for all groups of citizens.

Mr. Ahmed Al-Shall said that the bank's participation as one of the effective arms in this syndicated finance was not the first precedent for the bank in financing major electrical projects, but was preceded by several experiences, as the bank financed many similar projects in various parts of the country.

On his part, the Head of EETC expressed his pride in concluding cooperation with the participating banks, noting that the electricity system in Egypt consists of three stages, the first stage is the production of electricity, where the electric power is generated through the generator stations belonging to a number of “six” production companies. For electricity, the second stage is the stage of power transmission through a single company, EETC, and the third stage is the electricity distribution stage, where electrical energy is distributed and sold to subscribers and purchased from electricity production companies and EETC through “9” distribution companies spread throughout the country, which in turn provides electric power to all industrial, agricultural, tourism, urban and service sectors in operating their facilities and generating added value.

He pointed to the prominent role of the banks in providing the funding required for the implementation of a number of electricity production stations in a way that enhances the success of the electrical sector and achieving a great leap in available capacities reaching to 45 thousand megawatts, with a maximum load of the network reaching about 33.8 thousand megawatts, and then achieving a surplus in electrical energy that exceeds 25% In the most peak days of consumption, as NBK Egypt and a group of banks had previously pumped many funds to many projects during the last seven years, and its importance in financing the electrical sector. Arranging and providing these funds, with the aim of implementing, establishing and increasing the capacity of 20 power plants in various governorates, as well as financing a number of mobile units to generate electricity, in addition to the direct funding granted by NBE alone for the implementation of Banha and Abu Qir power stations to strengthen the power transmission lines, including the execution of maintenance works for the stations and transformers of ECC.



Egypt: National Bank of Kuwait - Egypt participates as a platinum sponsor in the Arab Banking Conference 2022

19.05.2022

The National Bank of Kuwait - Egypt participated as a platinum sponsor in the Arab Banking Conference 2022, which was organized by the Union of Arab Banks and the Union of Egyptian Banks on May 18-19 at the JW Marriott Hotel in Cairo, under the title “The Repercussions of the International Crisis and Its Impact on the Economic Situation in the Arab Region.”

The conference was under the auspices of Mr. Tarek Amer - Governor of the Central Bank of Egypt. He preferred to open the conference sessions, accompanied by many statesmen, banking leaders, public figures, and the media. Mr. Isam Al-Sager - Vice-Chairman and Group Chief Executive Officer, NBK, and Mr. Yasser Al-Tayeb, Vice Chairman, CEO, and Managing Director of the National Bank of Kuwait - Egypt, as well as several heads of sectors in the Bank, which attended the conference as well.

And after the conference sessions, Mr. Karim Kamal - General Manager and Head of the Supporting Functions and Sustainability Sector at the Bank, and on behalf of Mr. Yasser Al-Tayeb, received the commemorative shield presented by the Union of Arab Banks to our Bank in appreciation of his participation in sponsoring the activities of this conference.



Egypt: NBK - Egypt Signs a New Cooperation Protocol with Magdi Yacoub Heart Foundation

24.03.2022

As part of its CSR and its commitment to expand its charitable contributions and projects in the Egyptian society year after another, National Bank of Kuwait (NBK)-Egypt has signed a new cooperation protocol for the second time with Magdi Yacoub Heart Foundation under which the Bank provides financial support for the project of building Magdi Yacoub International Heart Center, which will be located in 6th of October City.

On this occasion, Mr. Yasser El-Tayeb NBK - Egypt Vice Chairman, Managing Director & CEO said: “NBK’s provision of this new support to Magdi Yacoub Foundation comes within its CSR and its commitment to play a consistent role in serving the society by making donations and contributions to many non-profit organizations, which aim to develop and society and people at all levels, acting as the executive arm of the Bank’s development efforts. Magdi Yacoub Heart Foundation is a unique medical edifice that follows the latest methods and technologies in the field of heart diseases and research and provides treatment to all groups of people free of charge. It is a true example of trustworthy organizations that we are assured to cooperate with in order to achieve this noble goal in healthcare area, which is one of the key priorities for us and for the whole NBK Group in line with its CSR.

El-Tayeb added: “CSR is one of the key pillars of NBK - Egypt to achieve sustainable development, which aims to contribute effectively to the development of local communities. It aims to reinforce the Egyptian government’s strides in developing the following pivots:

- Provision of healthcare    - Economic development
- Urban development for the neediest areas  - Provision of educational opportunities

On his part, Mr. Karim Kamal - Head of Supporting Functions and Sustainability at NBK-Egypt sated: “NBK - Egypt has a rich record of leading humanitarian and social initiatives, as it seeks to provide various sorts of support to the segments that need care from the members of society, with the aim of promoting the culture of community service and social responsibility awareness, an approach that is consistently followed and promoted by the Bank. This new protocol signed with the Magdi Yacoub Heart Foundation is a continuation of the close cooperation and successful partnership between the Bank and the Foundation, which began in 2018.”

Meanwhile, Mrs. Rania Afifi – Head of CSR at NBK-Egypt mentioned: “NBK-Egypt places the development of the neediest communities and individuals as a top priority in its CSR allocations. Providing healthcare to patients is of the noblest goals, as healthy individuals are the cornerstone of society by being able productive and active contributors to national development and progress

On the other side, Mrs. Dina El-Gazzar, VP for Development and Fundraising at Magdi Yacoub Heart Foundation expressed her appreciation of NBK-Egypt’s ongoing support of the efforts to establish the Foundation’s new center in Cairo, to increase the number of beneficiaries and spread knowledge for doctors and nursing staff in Egypt and the region. She hoped that cooperation with the Bank continues during the coming period until the new center is completed and starts providing its services to citizens as soon as possible.

It is worth mentioning that NBK-Egypt now has a network of 54 branches strategically located across the different governorates and cities in Egypt including Cairo, Giza, Alexandria, Delta, Sinai, Red Sea, Port Said, Upper Egypt, and the industrial areas in the 6th of October and the 10th of Ramadan Cities. The bank is also privileged to be among the banks providing Islamic products, in conjunction to conventional products, through its dedicated Islamic banking branches. Additionally, it has a large ATM network across the key locations of the country to service its customers around the clock.

 



Egypt: NBK-Egypt Inaugurates Its 54th Branch at Katameya - 5A by the Waterway

06.03.2022

In continuation of its success and serving its expansion plans to increase its customer base and number of branches, as well as the continuous development and modernization of its branch network, National Bank of Kuwait (NBK) – Egypt has inaugurated its Katameya Branch - 5A by the Waterway. The opening ceremony was attended by Mr. Amr El Alfy, Head of Business Group at NBK – Egypt, Mrs. Salma Abou Hussein, Head of Consumer Banking at NBK-Egypt, Mr. Ahmed Youssef - Head of Distribution Channels and Branch Network, Mrs. Dena Al-Nemr – Co-Head Branches, and a number of members of the bank’s Executive Management, as well as the distinguished presence of Mr. Ashraf Shabib - Group CEO at Waterway Developments.

The new branch is strategically located at a world-class business complex in New Cairo; offering a great opportunity to attract many customers from different segments.

Speaking on this occasion, Mr. Amr El Alfy, Head of Business Group at NBK – Egypt said: “NBK-Egypt adopts a clear strategy to increase the number of its branches and its geographical footprint, whether in various key locations in Greater Cairo or other governorates. This includes new governorates where the bank had no previous presence, such as the recently opened Port Said Branch, in order to serve the largest number of the bank’s existing and prospective customers. Simultaneously, this serves the directions of the government and the Central Bank of Egypt towards financial inclusion and achieving Egypt’s Vision 2030, which the bank regards as a top priority.

“NBK-Egypt’s horizontal expansion by increasing the number of its branches has become a necessity to reach the largest number of its customers and serve them wherever they are, in a way that increases the bank’s competitiveness in the Egyptian banking market and supports its plans to increase customer base and introduce its top-notch banking services to them,” he added.

On her side, Mrs. Salma Abou Hussein, Head of Consumer Banking at NBK-Egypt said: “The new branch was designed, implemented and equipped according to state of the art technology to provide customers with utmost convenience and quickest service. It is also created to serve Privilege Banking Customers, with a dedicated waiting area to provide them with superior banking services allowing them to make their transactions in the easiest and quickest way possible, through a professional team of highly qualified bankers. The branch also features an advanced ATM/CDM machine providing cash withdrawal, deposit and currency exchange services.”

“The new branch provides its services to customers all over the week from Saturday to Thursday from 9:30 a.m. to 5:30 p.m., and on Friday from 2 pm to 7 p.m., and it is the 8th branch of the bank that operates all week long and during most official holidays,” she added.

Abou Hussein noted that by opening this new branch, NBK-Egypt now has a network of 54 branches that are strategically located across the different governorates and cities in Egypt including Cairo, Giza, Alexandria, Delta, Sinai, Red Sea, Upper Egypt, and the industrial areas in the 6th of October and the 10th of Ramadan Cities, in addition to the recently opened Port Said Branch. The bank is also privileged to be among the banks providing Islamic products, in conjunction to conventional products, through its dedicated Islamic banking branches. Additionally, it has a large ATM network across key locations of the country to service its customers around the clock.

 



Egypt: NBk's newest branch "Port Said Branch" officially opened

15.02.2022

In continuation of the Bank's successful path and in support of our expansion plans to increase the customer base and the number of branches, as well as the continuous development and modernization of our branch network, we are pleased to announce that on Monday, the 7th of February 2022, the Bank's newest branch "Port Said Branch" was officially opened.
It is worth mentioning that "Port Said" branch is the First branch to be opened in the canal cities region and was inaugurated by Mr. Amr ElAlfy – Head of Business Division, Mrs. Salma Abu Hussein – Head of the Consumer Banking Sector, Mr. Ahmed Youssef - Head of Distribution Channels and Branches Network, and several Executive Managers from the Bank.

The new branch is distinguished by its strategic location in downtown Port Said, an excellent opportunity to attract many customers from different segments, bringing our branch network count to 53 branches.

It is worth mentioning that the new branch has been designed and implemented according to the latest designs and modern technologies to provide customers with complete comfort and speed of service performance. The branch includes a Privilege lounge for our Privilege Banking segment clients and a business center lounge to deal with our corporate clients. The branch is also equipped with two cash & deposit ATMs, one of them also equipped with currency exchange function.



Egypt: NBK Egypt honored best-performing employees in a Golden Draw Event offering Citroën C5 award.

27.01.2022

NBK Egypt organized a ceremony to honor the best performing colleagues in Q4, 2021 from the Consumer Banking Division, during the presence of Mr. Yasser ElTayeb, Vice Chairman, CEO and Managing Director, Mr. Amr Alalfy, Head of Business and Ms. Salma Abu Hussein, Head of Consumer Banking with the presence of Division Heads and Executive Management.

To honor the best performing colleagues, a Citroën C5 was awarded during the ceremony, in addition to gold coins and trophies.

The Bank's management sincerely congratulates the winning colleagues for their hard work & delegation.