NBE manages loans worth EGP 40bn during 2015

The National Bank of Egypt (NBE) arranged and managed a number of new syndicated loans during the first nine months of 2015 worth EGP 40bn, according to NBE Deputy Chairman Mahmoud Montasser.

According to the evaluation prepared by the Bloomberg Foundation for banks during the first nine months of 2015, NBE came in the first place as the best bank in the Egyptian banking market in the field of ​​syndicated loans, which the bank has managed as a finance agent.

This assessment also showed NBE in first place among the banks of Africa and third among the banks of the Middle East and North Africa in the field of ​​these loans.

“NBE achieving such advanced places came as a direct result of its policies in permanent coordination and continuous cooperation with local and foreign banks. It researched financing mega projects, with funding that required arranging syndicated loans among a number of banks,” said Montasser.