April 08, 2019 | The Asian Banker
- The National Bank of Egypt exhibited strong financial performance in 2018
- Clear focus on technology and digitisation for its branch and ATM network to improve customer experience
- The bank continues to develop its digital banking platforms and electronic channels
Dubai, March 21st, 2019 - National Bank of Egyptwas awarded Best Retail Bank in Egypt at The Asian Banker International Excellence in Retail Financial Awards 2019. The awards ceremony was held in conjunction withThe Excellence in Retail Financial Services Convention 2019at Conrad Dubai, U.A.E on March 21st, 2019.
In the picture: Members of the International Advisory Council of Excellence in Retail Financial Services Awards Programme; Wilson Chia and Richard Hartung; John Holder, Chief Technologist, Realities Centre; Spiros Margaris, Founder, Margaris Ventures; Tarek El-Ghazaly, Regional General Manager, National Bank of Egypt
The National Bank of Egyptexhibited strong financial performance in 2018
The bank has madestrides in financial inclusion, focusing on nourishing SME sector development and reaching out to customer segments in less developed regions. The bank’s retail business contributed over a third of the bank’s total income, with healthy growth for personal loans, and a low NPL ratio of under 0.5%. Deposit balances grew by over 40%, while its mortgage portfolio doubled in size in 2018. The bank also caters to almost half of Egypt’s SME market.
Clear focus on technology and digitisation for its branch and ATM network to improve customer experience
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