NBE meaning in Banking ?

Answer: What is National Bank of Egypt mean?

National Bank of Egypt (NBE; Arabic: البنك الأهلي المصري‎) is a bank founded in Egypt in June 1898, and is the country's largest bank (2013) in terms of assets, deposits, loans, bank-capital, number of total branches, and employees.

NBE has 540 branches within the country, assets of EGP 366,6 bn., total deposits of EGP 312,7 bn., and total loans and advances of EGP 114,7 bn. As of 2007, the National Bank of Egypt accounted for 23% of the Egyptian banking system's total assets, 25% of total deposits and 25% of total loans and advances. NBE also financed about 24% of Egypt's foreign trade during the year. NBE also accounts for 74% of the credit card market and 40% of the debit cards in Egypt.

According to the July 2007 issue of the Banker, in terms of total assets, NBE ranks 226th among the top 1000 world banks and ranks 3rd among the Arab banks.

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