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Egypt: NBK-Egypt Reports EGP 7.3 billion (Equivalent to KWD 51.9 million) in Net Profit in FY2024

National Bank of Kuwait - Egypt (NBK-Egypt) reported net profits of EGP 7.3 billion (Equivalent to KWD 51.9 million ) for the financial year  2024 compared to EGP 4.021 billion (Equivalent to KWD 41.4 million) reported in 2023 marking an impressive 81% increase compared to financial year 2023.

Net Operating Income stood at EGP 13.5 billion by the end of FY2024, recording a substantial increase of 57% from EGP 8.7 billion recorded by the end of FY2023. In the meantime, Net Interest Income grew by 66%, reaching EGP 11.6 billion compared to EGP 7 billion in FY2023.

Meanwhile, Net Operating Income (excluding interests) increased to EGP 1.9 billion in FY2024, compared to EGP 1.7 billion in FY2023, up by 17%, while Cost to Net Operating Income dropped from 28% in FY2023 to 21.2% in FY2024.

Total assets reached EGP 196 billion by the end of FY2024, up by 50% compared to EGP 131 billion by the end of FY2023. Furthermore, total loans and credit facilities expanded to EGP 104 billion in FY2024, reflecting a growth rate of 37% compared to EGP 76 billion recorded at the end of FY2023.  Additionally, customer deposits increased to EGP 160 billion by the end of FY2024, up from EGP 106 billion at the end of FY2023, representing a growth rate of 51%.

Furthermore, the Return on Average Assets (ROAA) improved to 4.5% by the end of FY2024, compared to 3.4% by the end of FY2023, while the Return on Average Equity (ROAE) increased to 39.2% in FY2024, up from 30.7% in FY2023.

Commenting on the financial results announced by NBK-Egypt, Ms. Shaikha Al-Bahar, Deputy Group Chief Executive Officer, National Bank of Kuwait, and Chairman of NBK-Egypt, said: “NBK-Egypt delivered record profits in 2024, underscoring the success of its operational strategy and reaffirming its trajectory toward further strengthening its position in the Egyptian market. As NBK Group’s most significant market outside Kuwait, Egypt holds substantial growth potential, driven by its promising opportunities and positive economic outlook.”

Al-Bahar highlighted that NBK’s operations in Egypt are among the group’s most profitable, delivering the highest returns on equity and assets.

Al-Bahar emphasized that the sustained expansion of the balance sheet and the growth of the bank's financial indicators reaffirm the success of its business diversification strategy and accelerated digital transformation. This approach aims to strengthen market share, particularly in retail banking, within the region’s most populous country and a key hub for investment opportunities.

“We are committed to enhancing service quality, expanding our geographical presence, and reaching a more diverse customer base. This progress is driven by the significant advancements in our digital infrastructure, information technology, and alternative electronic channels, which have positioned the bank as a strong competitor with a distinct presence in the Egyptian banking sector. This comes amid the rising demand for banking services and the increasing momentum of financial inclusion,” Al-Bahar stated.

“Egypt is a key growth market for NBK Group and a long-term strategic investment, where the Group remains committed to reinforcing its presence and strengthening its position,” Al-Bahar confirmed.

Meanwhile, Vice Chairman, CEO, and Managing Director of National Bank of Kuwait-Egypt, Mr. Yasser El-Tayeb, said: “The bank's strong financial performance at the end of 2024 surpassed expectations and targets, despite challenges and exceptional circumstances affecting the business environment both locally and globally. This achievement underscores the bank’s resilience and prudent business model, reinforcing its ability to sustain success and growth.”

Al-Tayeb emphasized that the bank’s growth is balanced across all business activities, ensuring efficiency and a risk profile aligned with sustainable expansion. This success is driven by a prudent strategy that meets the evolving needs of both corporate and individual clients while diversifying income streams.

Al-Tayeb noted that the bank’s income sources stem from credit operations in the corporate sector, alongside a rapidly expanding retail banking segment, which has grown significantly in recent years. The bank’s credit portfolio reflects a diverse client base, encompassing large, medium, and small enterprises, while its retail banking portfolio serves a broad spectrum of customers. This diversity underscores the strength and stability of the bank’s revenue streams. He further emphasized the bank’s commitment to strengthening its position in retail banking by introducing more advanced services and products tailored to meet customers' evolving financial needs and aspirations.

El-Tayeb further emphasized NBK-Egypt’s commitment to supporting the global shift toward sustainable finance and the transition to a green economy. The bank actively backs environmentally friendly projects that promote sustainability and increased reliance on renewable energy while exploring solutions to mitigate climate change and reduce carbon emissions. He highlighted that sustainable finance has become a vital tool for ensuring long-term financial stability and resilience.

He also affirmed the bank’s strong commitment to leveraging technology and digital channels to enhance its competitive edge in the banking sector. Recognizing their pivotal role, NBK-Egypt continues to expand its electronic services and encourage broader customer adoption of digital payments. This aligns with the broader strategy of the Egyptian government and the Central Bank of Egypt to promote financial inclusion, integrate new customer segments into the formal banking system, and drive the transition toward a less cash-dependent economy.

El-Tayeb concluded by highlighting NBK-Egypt’s steadfast commitment to social responsibility, emphasizing that since the Group’s entry into the Egyptian market in 2007, the bank has actively supported the local community. Through partnerships with reputable civil society organizations, NBK-Egypt channels its development efforts toward impactful initiatives, reinforcing its role as a responsible corporate citizen. Social responsibility remains a cornerstone of the bank’s sustainability strategy, contributing to national development across key areas, including:

• Healthcare provision

• Education and employment support

• Environmental conservation

• Social solidarity

• Development of underserved areas

• Economic development

Egypt: NBK–Egypt Reports EGP 2 Billion (KWD 12.9 Million) Net Profit in 1Q2026, Operating Income Up 9%

National Bank of Kuwait – Egypt (NBK-Egypt) reported a net profit of EGP 2 billion (Equivalent to KWD 12.9 million) for the first three months of 2026. Net operating income reached EGP 4.2 billion in 1Q2026, compared to EGP 3.8 billion in the corresponding period of 2025, reflecting a growth rate of 9% year-on-year. Net interest income increased by 7% to EGP 3.6 billion, compared to EGP 3.3 billion in 1Q2025, while Net Operating Income (excluding interest) grew by 21% year-on-year to EGP 556 million, up from EGP 461 million in the corresponding period in 2025.

Income from financial investments rose by 36% to EGP 26 million in 1Q2026, compared to EGP 19 million in 1Q2025. The cost-to-net operating income ratio stood at 27.5% during the period. Total assets expanded to EGP 258 billion as at the end of March 2026, representing a growth of 15% compared to approximately EGP 225 billion at year-end 2025. Total loans and credit facilities increased to approximately EGP 133 billion, up around 10% from EGP 121 billion at the end of 2025. 

Customer deposits grew to EGP 204 billion at the end of 1Q2026, compared to approximately EGP 180 billion at year-end 2025, reflecting growth of around 13%. Net Fees and Commissions to Net Operating Income increased to 10.3% in 1Q2026, compared to 9.8% in the same period of 2025. Return on Average Assets (ROAA) stood at 3.4% in Q12026, while Return on Average Equity (ROAE) reached 26.8%.

Commenting on the financial results announced by NBK-Egypt, Ms. Shaikha Al-Bahar, Deputy Group Chief Executive Officer, National Bank of Kuwait, and Chairman of NBK-Egypt, said: “The financial results of NBK – Egypt for the first quarter of 2026 firmly underscore the strength of the Bank’s financial position and the resilience of its diversified business model, which continues to deliver sustainable profitability despite the operational challenges stemming from recent geopolitical developments in the region. While these headwinds have weighed on economic conditions both locally and regionally, they further reaffirm the soundness of NBK Group’s long-term strategic vision since entering the Egyptian market in 2007, and underscore the significant opportunities and strong potential offered by this promising market.” 

“NBK Group views the Egyptian market as a long-term strategic investment, given that Egypt represents one of the largest economies in the region and a key growth market where the Group remains committed to continued expansion. The market is considered the Group’s second home market, with NBK – Egypt consistently ranking among the most profitable operations within the Group, delivering some of the highest returns on equity and assets,” Al-Bahar added.

She further highlighted that NBK – Egypt, one of the largest Kuwaiti investments in the country, has established a strong and steadily expanding presence within the Egyptian banking sector. As one of the fastest-growing banks in the market, its solid financial performance underscores its clear trajectory toward continued expansion and further strengthening of its market position.

Al-Bahar also noted that Egypt’s economic environment continues to gain momentum, supported by ongoing reform measures and exceptional policy actions undertaken by the government and the Central Bank of Egypt. These efforts have created significant opportunities for investment and growth, expressing her optimism regarding the future outlook of the Egyptian economy.

Meanwhile, Vice Chairman, CEO, and Managing Director of National Bank of Kuwait-Egypt, Mr. Yasser El-Tayeb, said: “The financial results of NBK– Egypt for the first quarter of 2026 reflect the Bank’s sustained capacity to deliver robust and resilient performance, maintaining strong financial outcomes despite a complex and evolving operating environment across both local and global markets.”

El-Tayeb noted that the growth of NBK– Egypt continues to be well-balanced across all business segments, while maintaining efficiency levels and risk metrics aligned with both growth objectives and long-term sustainability. This reflects the Bank’s prudent strategy and disciplined business model, which remains agile in responding to evolving customer needs.

He added that the Bank’s income streams are predominantly driven by credit activities, led by the corporate banking segment, alongside the increasingly significant contribution of retail banking. The Bank’s credit portfolio is highly diversified, encompassing large corporates as well as small and medium-sized enterprises, while its retail portfolio spans a broad customer base. This diversification underscores the strength and resilience of NBK – Egypt’s income structure.

Additionally, El-Tayeb stated that NBK– Egypt is focused on further strengthening its position in the retail banking segment through the introduction of advanced products and services tailored to diverse customer segments, alongside expanding its Islamic banking offerings to meet the needs of a broad client base. He noted that the Bank remains committed to continuously enhancing its product suite, positioning itself among the leading institutions in the Egyptian market offering both Islamic and conventional banking solutions.

He further emphasized that, recognizing the critical role of technology and digital channels in shaping the future of banking and enhancing competitive advantage, NBK – Egypt has accelerated its digital transformation agenda through significant investments in electronic banking services. This enables the Bank to deliver a seamless and differentiated customer experience, allowing clients to conduct the majority of their banking transactions anytime and anywhere, while also encouraging broader adoption of digital payment channels in alignment with the strategic direction of the state and the Central Bank of Egypt.

El-Tayeb emphasized that NBK– Egypt is firmly committed to supporting the global shift toward sustainable finance and the transition to a green economy. The Bank continues to back environmentally responsible projects that promote sustainability, increasingly rely on renewable energy, and advance solutions aimed at mitigating the impact of climate change and reducing carbon emissions. He noted that sustainable finance has become a critical enabler of long-term financial stability and resilience.

Egypt: NBK - Egypt Named Euromoney’s «Egypt’s Best for Premium Banking Award 2026»

Further reinforcing its market leadership while setting new benchmarks in delivering fully integrated banking services aligned with the highest international standards, National Bank of Kuwait – Egypt (NBK-Egypt) announced that it has been awarded Euromoney’s “Egypt’s Best for Premier Banking Award” for 2026. The award, granted annually by Euromoney to leading financial institutions worldwide, recognizes NBK–Egypt as the best bank in Egypt for premium banking packages and services. This recognition reflects the bank’s strong performance against a rigorous set of criteria, including service quality, innovation, customer experience, sophisticated financial solutions, and market impact. It reinforces NBK – Egypt’s leadership and growing standing in the Egyptian banking sector, while highlighting its ability to meet the evolving needs of its clients.

The award from Euromoney represents international recognition of the quality and sophistication of the bank’s premium products and services, particularly those tailored for high-net-worth segments such as Privilege Banking and Beyond Banking. These offerings deliver a differentiated experience through a comprehensive suite of products and services tailored to clients’ lifestyles, combining convenience, flexibility, and bespoke solutions that exceed expectations. They are designed to enable effective wealth management and growth, enhancing clients’ personal and professional aspirations both within Egypt and internationally.

Strategic Leadership Reinforcing International Confidence

This prestigious global recognition underscores the strong confidence international institutions place in NBK – Egypt’s performance, highlighting its ability to set a benchmark for excellence in modern banking.

Beyond recognizing outstanding performance, this achievement represents a direct testament to the success of the Group’s strategic vision in the Egyptian market, which is anchored in delivering sustainable growth driven by diversification, resilience, and the ability to adapt to evolving economic conditions.

NBK – Egypt has firmly established a leading presence in the Egyptian market, one of the region’s largest markets offering significant investment potential, by capitalizing on the Group’s scale, institutional depth, and global expertise, while embedding best-in-class banking practices across its operations. This strategy continues to strengthen the Bank’s ability to deliver sophisticated, forward-looking financial solutions tailored to the evolving needs of its diverse client base.

Furthermore, this recognition underscores the strength and effectiveness of the bank’s business model, as well as its ability to strike a disciplined balance between growth, governance, and risk management, reinforcing the confidence of investors and international institutions while supporting the sustainability of its long-term performance. It further underscores the strength of NBK Group’s long-term strategic vision since its entry into the Egyptian market in 2007, with NBK – Egypt now representing the largest Kuwaiti investment in the country.

Strategic Execution Reflecting the Highest Standards of Excellence

The bank continues to invest in strengthening its technological infrastructure and expanding its digital capabilities, enabling the delivery of a seamless, end-to-end banking experience defined by efficiency, agility, and responsiveness to the evolving needs of diverse customer segments, while maintaining the highest standards of quality and reliability.

In parallel, the bank places strong emphasis on building long-term client relationships grounded in trust and value creation, enhancing customer satisfaction and supporting sustainable growth. This approach further reinforces NBK – Egypt’s commitment to its role as a leading financial institution contributing meaningfully to the development of the Egyptian banking sector.

NBK – Egypt has been at the forefront of digital transformation, accelerating the evolution of its banking capabilities through sustained strategic investments. This has enabled the Bank to deliver a seamless, fully integrated digital banking experience, empowering customers to manage their financial needs with ease, flexibility, and convenience—anytime, anywhere.

It also adopts a disciplined, insight-driven approach grounded in rigorous analysis of market dynamics, enabling the design and delivery of advanced, tailored banking solutions that address the diverse needs of both retail and corporate clients, while redefining the customer experience beyond the traditional scope of banking services.

Complementing this approach, the Bank continues to invest in its digital channels and technology infrastructure, expanding electronic banking services while enhancing efficiency and elevating the overall customer experience. These efforts are closely aligned with the national digital transformation and financial inclusion agenda set by the Egyptian government and the Central Bank of Egypt, and are fully consistent with the strategic priorities of Egypt’s Vision 2030.

Egypt: NBK – Egypt Secures US$ 50 Million Facility to Finance MSMEs in Egypt

National Bank of Kuwait – Egypt has secured a US$ 50 million financing package from the European Bank for Reconstruction and Development (EBRD), supported by the European Union (EU), to expand access to finance for micro, small and medium-sized enterprises (MSMEs) and advance youth entrepreneurs across Egypt.

The new package comprises a US$ 30 million loan to be on-lent by NBK – Egypt to local private MSMEs, alongside a further US$ 20 million facility under the EBRD Youth in Business Programme, supported by the EU under the Egypt Micro and Small Financial Inclusion programme. This second tranche will be on-lent to local private MSMEs led or majority owned by entrepreneurs under the age of 35, with a focus on rural areas and supporting women-led enterprises.

The EBRD’s Youth in Business loan component will be complemented by a cash incentive of up 10 per cent for eligible sub-borrowers provided by the EU under its Egypt Micro and Small Financial Inclusion programme. It will also be accompanied by a first-loss risk cover, funded by the EBRD, a comprehensive technical cooperation package to assist NBK Egypt with programme implementation, marketing and general awareness raising, funded by the EBRD SEMED Multi-Donor Account (SEMED MDA), as well as capacity building for sub-borrowers, provided through  EBRD’s Advice for Small Businesses (ASB).

This marks the second SME and Youth in Business engagement between the EBRD and NBK Egypt, following the successful financing package signed between the two institutions in 2022.

The EBRD’s Youth in Business programme enables young entrepreneurs to access critically needed financing and technical assistance to grow their small businesses via dedicated credit lines on-lent by banks and microfinance institutions. The credit lines are complemented by technical assistance for partner banks to strengthen their lending capacity.

Commenting on the signing, EBRD’s Managing Director for Financial Institutions, Francis Malige, said: “This new financing package marks another important milestone in our long-standing partnership with NBK Egypt to keep supporting local SMEs, the backbone of the Egyptian economy. Our Youth in Business line will also support the Egyptian economy by providing financing to youth-led businesses, which remain highly underserved. With thanks to the EU, this package underscores our shared commitment to advancing a more inclusive private sector in the region”. 

NBK Egypt’s Chief Executive Officer (CEO), Yasser El Tayeb said: “We are pleased to further strengthen our partnership with the EBRD through the signing of this new financing package, building on the success of our 2022 collaboration. 

This financing will enable us to expand our financial solutions to support local businesses and stimulate broader economic activity, in line with National Bank of Kuwait’s ambitions for Egypt and its development priorities. The Youth in Business loan will also strengthen our ability to support youth-led MSMEs by enhancing their access to finance. We would like to express our sincere appreciation to the EBRD for its continued support and to the European Union for its valuable contribution.”

NBK Egypt is an Egyptian joint-stock company and a subsidiary of the NBK Group. It has been a partner of the EBRD since 2015, when the Bank provided an SME loan and a trade finance facility.

The loans were signed as part of EBRD third edition of its flagship high-level conference “Pathways to Paris 2026”, building on the success of our previous events in Vienna (2023) and Antalya (2024). The event was attended by several high-level representatives from financial institutions, central banks, regulators, investors, capital markets and other key stakeholders to foster the transition to a low-carbon and climate-resilient future across the EBRD regions.

Egypt is a founding member of the EBRD, which has invested more than €14.3 billion in the country through 222 projects since it began operating there in 2012.

Egypt: NBK–Egypt Reports Net Profit of EGP 8.09 Billion (Equivalent to KWD 51.24 million) for FY2025

National Bank of Kuwait – Egypt (NBK-Egypt) recorded net profit of EGP 8.09 billion (Equivalent to KWD 51.24 million) in FY2025, up from EGP 7.27 billion (Equivalent to KWD 51.87 million) in FY2024, representing year-on-year growth of 11.3%.

Net Operating Income stood at EGP 16 billion in FY2025, representing a significant increase of 18.4% from EGP 13.5 billion in FY2024. Net Interest Income grew by 18.5%, reaching EGP 13.7 billion compared with EGP 11.6 billion in FY2024. Net Operating Income (excluding interest) rose to EGP 2.3 billion in FY2025 from EGP 1.9 billion in FY2024, an increase of 18%. Income from financial investments increased to EGP 53 million from EGP 31 million in the prior year, marking growth of 70%, while the Cost-to-Net Operating Income ratio stood at 25.4% in FY2025. 

Total assets expanded to EGP 225 billion by the end of FY2025, representing growth of 14.7% from EGP 196 billion at year-end 2024. Total loans and credit facilities increased to EGP 121 billion, rising 17.4% from EGP 103 billion. Customer deposits also recorded solid growth, reaching EGP 180 billion compared with EGP 160 billion in the prior year, an increase of 12.7%.  In the meantime, The ratio of operating income to total net income stood at 85.4% in FY2025, compared to 85.6% in the corresponding period of 2024.

Profitability indicators remained robust, with Return on Average Assets (ROAA) at 3.8% and Return on Average Equity (ROAE) at 30.7%.

Commenting on the financial results announced by NBK-Egypt, Ms. Shaikha Al-Bahar, Deputy Group Chief Executive Officer, National Bank of Kuwait, and Chairman of NBK-Egypt, said: “The strong growth in NBK-Egypt’s profitability and business performance at the end of 2025 reflects the resilience of our financial position and the flexibility of our business model to generate earnings and deliver sustainable growth, despite ongoing operational challenges.”

Al-Bahar explained that the financial results achieved by NBK-Egypt in 2025 once again validate the Group’s strategic vision since entering the Egyptian market in 2007, while highlighting the substantial opportunities and long-term potential offered by this promising market.

“NBK Group views the Egyptian market as a long-term strategic investment. Egypt represents one of the largest economies in the region and a core growth market in which we remain committed to expanding our presence. We regard it as the Group’s second domestic market,” Al-Bahar added.

She emphasized that NBK-Egypt continues to rank among the most profitable operations within the Group, delivering some of the strongest returns on equity and assets.

Furthermore, Al-Bahar highlighted that NBK-Egypt, the largest Kuwaiti investment in Egypt, has established a clear footprint within the country’s banking sector, positioning itself among the fastest-growing banks. She added that financial indicators confirm the Bank remains on the right trajectory toward further expansion and strengthening its market share.

Al-Bahar underscored that Egypt’s economic landscape continues to strengthen, supported by far-reaching reform initiatives and resolute policy actions advanced by both the government and the Central Bank of Egypt. These measures are reinforcing macroeconomic stability and unlocking compelling avenues for investment, expansion, and long-term value creation. She expressed firm conviction in the Egyptian economy’s resilience and its promising trajectory.

Meanwhile, Vice Chairman, CEO, and Managing Director of National Bank of Kuwait-Egypt, Mr. Yasser El-Tayeb, said: “Nothing illustrates the Bank’s strength more clearly than its robust financial results and performance metrics, underscoring its capacity to sustain growth and deliver solid outcomes in 2025 despite a challenging local and global operating environment.” 

El-Tayeb noted that NBK-Egypt continues to achieve balanced growth across all business segments while maintaining efficiency levels and risk metrics consistent with both growth objectives and long-term sustainability. He attributed this performance to the Bank’s prudent strategic approach and its disciplined business model, which enables it to respond to client needs with a high degree of flexibility.

El-Tayeb noted that the majority of NBK–Egypt’s income is derived from credit operations within the Corporate Banking segment, alongside Retail Banking, with its role expanding significantly in recent years. The Bank’s credit portfolio demonstrates broad diversification across its corporate client base, encompassing large, medium, and small enterprises, while its retail portfolio similarly spans a wide spectrum of customer segments. This diversification underscores the resilience and depth of the Bank’s income streams. 

He affirmed that the Bank aims to further strengthen its position in the retail banking sector in the period ahead by offering advanced products and services tailored to the needs of diverse customer segments, reinforcing its positioning as a comprehensive financial partner capable of meeting their full range of financial requirements. The Bank also continues to expand its Islamic banking services to serve a broad client base, consistently enhancing its product offering. NBK-Egypt remains among the leading institutions in the Egyptian market providing Islamic banking services and products alongside its conventional banking solutions.

El-Tayeb further noted that, in recognition of the pivotal role technological tools and electronic channels play in the banking sector, and their importance in strengthening competitive positioning, NBK-Egypt has actively accelerated the expansion of its digital banking services, committing substantial investments to this domain. These efforts aim to deliver a distinctive banking experience that enables customers to conduct most of their transactions anytime and anywhere. More broadly, the Bank continues to encourage clients to expand their use of electronic payment channels, in alignment with the public policy direction of the Egyptian government and the Central Bank of Egypt.

He added that NBK-Egypt is committed to supporting the global shift toward sustainable finance and the transition to a green economy by backing environmentally responsible projects that promote sustainability and greater reliance on renewable energy. The Bank also evaluates solutions designed to mitigate the adverse impacts of climate change and reduce carbon emissions, recognizing sustainable finance as a critical mechanism for safeguarding long-term financial stability.

Addressing the Bank’s corporate social responsibility, El-Tayeb stated that since NBK Group’s entry into the Egyptian market in 2007, NBK-Egypt has remained dedicated to fulfilling its role in serving the community through contributions, donations, and support extended to a wide range of charitable initiatives. The Bank has also established partnerships with credible and active civil society organizations, empowering them to serve as effective implementation partners in advancing its community development agenda.

Egypt: NBK Egypt Provides $115 Million Financing for Safaga Terminal Project

Reinforcing its leadership in advancing Egypt’s sustainable economic development agenda, National Bank of Kuwait – Egypt (NBK-Egypt) continues to strengthen its role as a leading financial partner in the financing of strategic national projects. In this context, the Bank has entered into a $115 million financing agreement in collaboration with the International Finance Corporation (IFC) to support the development of Noatum Ports – Safaga Terminal in Egypt.

This financing aligns with the Bank’s commitment to supporting national projects that deliver sustainable long-term economic impact. These initiatives are instrumental in advancing logistics infrastructure, improving the efficiency of Egypt’s port network, and consolidating the country’s strategic position as a regional hub for global trade and supply chains.

This financing was supported by IFC, with participation from NBK – Egypt through a long-term syndicated loan with a tenor of up to 15 years. This reflects the confidence of international and regional financial institutions in the strength of the Egyptian economy, the quality of project execution, and their capacity to generate sustainable economic and developmental returns. It also underscores confidence in the operational capabilities of AD Ports Group and highlights Egypt’s strategic role within global trade and supply chain networks.

The financing has secured all required approvals, and financial close is expected during the first quarter of 2026.

Egypt’s Economic Growth

Mr. Yasser El-Tayeb, Vice Chairman, CEO and Managing Director of NBK – Egypt, stated that the Bank’s participation in this significant financing reflects its strategic commitment to its role as an active development partner in supporting the national economy, emphasizing that financing major national projects represents a central pillar of the Bank’s strategic direction.

He added that port development and logistics infrastructure projects constitute a key driver of economic growth due to their direct impact on stimulating foreign trade activity, enhancing the competitiveness of the Egyptian economy, and creating sustainable employment opportunities. Ports in particular represent one of the most critical components of such projects, given their contribution to expanding external trade flows and supporting the state’s plans to maximize the benefits of Egypt’s unique geographic location as one of the most important logistics hubs along the Red Sea.

Moreover, El-Tayeb emphasized that long-tenor financing extended by the banking sector serves as a decisive catalyst in translating development strategies into operational projects with real economic impact, reflecting the approach embraced by leading international banking institutions in advancing national economic development.

The Bank’s Strength and Expertise  

In the meantime, Mr. Walid El- Seyoufi, Deputy Managing Director of NBK – Egypt, affirmed that the Bank’s success in arranging and participating in financing of this scale reflects the strength of its financial position and its proven expertise in funding major strategic projects, as well as its ability to deliver integrated financing solutions aligned with national priorities and development plans.

He noted that the project represents a qualitative addition to the Bank’s financing portfolio given its contribution to supporting Egypt Vision 2030 through enhancing infrastructure efficiency, stimulating investment, improving productivity, and generating direct and indirect employment opportunities, thereby contributing to inclusive and sustainable economic growth.

El-Seyoufi added that the Safaga Terminal constitutes a strategically significant project due to its role in supporting trade flows across the Red Sea and connecting regional and international markets. This aligns with the direction of global financial institutions toward supporting infrastructure initiatives that deliver broad economic impact.

He further noted that the Noatum Ports – Safaga Terminal project is valued at approximately $200 million. The terminal is located on Egypt’s Red Sea coast and represents the first international maritime terminal in Upper Egypt, providing additional developmental significance from both economic and geographic perspectives.

Sustainable Finance

Mr. Ahmed El-Shall, Head of Corporate and Syndication at NBK – Egypt, stated that the Bank’s participation in this financing underscores its confidence in the project’s economic viability, as well as its commitment to supporting projects that incorporate environmental and sustainability considerations, in line with global banking best practices.

El-Shall explained that the Bank follows a clear strategy focused on financing infrastructure and sustainable development projects, which international experience has shown to be among the most important drivers of long-term economic growth. He further noted that this transaction is not the first of its kind, as the Bank has previously participated in financing several major national projects across multiple sectors, including the expansion of Damietta Port, the Tahya Misr multipurpose terminal at Alexandria Port, Abu Qir Port, the Max Port breakwaters, and the development of Sokhna Port, in addition to other infrastructure projects in the electricity, energy, roads, and related sectors. He added that several additional large-scale projects are currently under review, which the Bank is seeking to finance.

Furthermore, El-Shall affirmed that the banking sector plays an increasingly critical role in directing investments toward sectors with the greatest developmental impact, a role undertaken by leading global financial institutions through supporting strategic projects that contribute to inclusive development and improvements in quality of life.