National Bank of Kuwait - Egypt
EEGX:NBKE31.01
EGP
-1.80
(-5.49%)
ISIN
EGS60171C013
Return %
Stock
S&P 500
1Y
39.94
14.20
3Y
195.33
81.12
5Y
- -
68.34
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.Company Description
- CEO
- Yasser Abdel Koddous Ahmed El-Tayeb
- Full Time Employees
- 2,051
- Sector
- Finance
- Industry
- Regional banks
- Address
- New Cairo Egypt
- IPO Date
- Jul 26, 1993
- Website
- nbk.com
- Similar Companies
- Business
- National Bank of Kuwait - Egypt S.A.E. is a commercial banking institution that provides a comprehensive range of conventional and Shariah-compliant retail, corporate, and treasury financial products and services in the Arab Republic of Egypt. The bank operates through four main business segments: Retail Banking, Islamic Banking, Corporate and Institutional Banking, and Treasury and Capital Markets. Its retail banking offerings include current accounts, high-yield savings accounts, and time deposits; consumer financing products, including personal loans, auto loans, and mortgage financing; credit, debit, and prepaid payment cards; and tailored affluent wealth services under the Privilege Banking and Thahabi Banking brands. Its Islamic banking division provides Shariah-compliant financial solutions overseen by an independent Shariah Supervisory Board, including Murabaha financing, Islamic savings accounts, Ethmar investment accounts, and variable-rate Islamic certificates of deposit. For corporate, institutional, and commercial clients, the bank provides working capital facilities, syndicated loans, structured and project finance, trade finance services, including letters of credit and letters of guarantee, and integrated cash management solutions. Its treasury and financial markets division manages liquidity, foreign exchange operations, money market placements, and interest rate risk management solutions. Established in 1980 as Al Watany Bank of Egypt and headquartered in New Cairo, Egypt, the bank operates as a subsidiary of the National Bank of Kuwait (NBK Group), which maintains a majority ownership stake of approximately 94.9%. The bank delivers its services through an extensive nationwide distribution network of physical branches and automated teller machines across major governorates, including Cairo, Giza, and Alexandria, complemented by electronic banking channels. In recent developments, the bank has accelerated its digital transformation program with the rollout of an upgraded mobile banking application featuring self-registration, remote card controls, and integrated soft-token security; formed strategic partnerships with Visa and Mastercard to modernize digital payments and expand cashless transaction capabilities; secured a USD 50 million multi-currency financing package from the European Bank for Reconstruction and Development and the European Union to support micro, small, and medium-sized enterprises (MSMEs) and foster financial inclusion; and continued the physical expansion of its footprint through the introduction of modernized, tech-enabled branch formats in high-growth commercial hubs.