- in arabic
National Bank of Egypt (NBE) is the oldest and largest bank in Egypt, and has 405 branches within the country, including 131 in Cairo. It has assets of L.E. 185.3 bn., total deposits of L.E. 155.2 bn., and total loans and advances of L.E. 83 bn. At the end of 2007, NBE accounted for 23% of the 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.

NBE has a subsidiary in London - National Bank of Egypt (UK), branches in New York and Shanghai

Shanghai

Shanghai is the largest city by population in China and the largest city proper in the world. It is one of the four province-level municipalities in the People's Republic of China, with a total population of over 23 million as of 2010...

, and representative offices in Johannesburg

Johannesburg

Johannesburg also known as Jozi, Jo'burg or Egoli, is the largest city in South Africa, by population. Johannesburg is the provincial capital of Gauteng, the wealthiest province in South Africa, having the largest economy of any metropolitan region in Sub-Saharan Africa...

 and Dubai

Dubai

Dubai is a city and emirate in the United Arab Emirates . The emirate is located south of the Persian Gulf on the Arabian Peninsula and has the largest population with the second-largest land territory by area of all the emirates, after Abu Dhabi...

.

According to the July 2007 issue of the Banker, in terms of total assets, NBE ranks 243rd among the top 1000 world banks and ranks 3rd among the Arab banks.

History

• 1898 Sir Ernest Cassel
  Ernest Cassel
  Sir Ernest Joseph Cassel, GCB, GCMG, GCVO, PC was a German-born British merchant banker and capitalist.-Biography:...
  
   (50% ownership), Ralph Isaac Suarez, his brothers Joseph and Felix and related parties (25%) and Constantine Salvagos of Alexandria
  Alexandria
  Alexandria is the second-largest city of Egypt, with a population of 4.1 million, extending about along the coast of the Mediterranean Sea in the north central part of the country; it is also the largest city lying directly on the Mediterranean coast. It is Egypt's largest seaport, serving...
  
   (25%) established the National Bank of Egypt (NBE), though Cassel remained in England. NBE established an office in London
  London
  London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
  
  .
• 1901 NBE opened a branch in Khartoum
  Khartoum
  Khartoum is the capital and largest city of Sudan and of Khartoum State. It is located at the confluence of the White Nile flowing north from Lake Victoria, and the Blue Nile flowing west from Ethiopia. The location where the two Niles meet is known as "al-Mogran"...
  
  . It obtained a privileged position as banker to and for the government and acted as the "semi-official" central bank. Over time, it added other agencies and branches in the Sudan.
• 1902 NBE established the Agricultural Bank of Egypt.
• 1906 NBE established the Bank of Abyssinia in Addis Ababa
  Addis Ababa
  Addis Ababa is the capital city of Ethiopia...
  
  . The bank received a 50-year monopoly and was the Ethiopian government’s fiscal agent as well as the sole issuer of currency.
• 1925 Lloyds Bank
  Lloyds Bank
  Lloyds Bank Plc was a British retail bank which operated in England and Wales from 1765 until its merger into Lloyds TSB in 1995; it remains a registered company but is currently dormant. It expanded during the nineteenth and twentieth centuries and took over a number of smaller banking companies...
  
   transferred to NBE the branches in Cairo and Alexandria that it acquired with its purchase of Cox & Co. in 1923 and from the Bank of British West Africa
  Bank of British West Africa
  Bank of British West Africa was a British Overseas bank that was important in introducing modern banking into the countries that emerged from the UK's West African colonies...
  
  .
• 1931 The Bank of Abyssinia was liquidated and the Ethiopian government established Bank of Ethiopia to replace it.
• 1936 Agricultural Bank of Egypt was liquidated.
• 1940 The London Committee, which had oversight of the bank, was abolished. Thereafter the staff and the Board of the bank were largely Egyptian.
• 1951 A decree gave NBE the status of the Central Bank for Egypt.
• 1957 The Banking Act confirmed the status of NBE as Egypt’s Central Bank.
• 1959 The government of the Sudan nationalized NBE's assets in the Sudan, using them as the basis for the new central bank, the Bank of Sudan
  Bank of Sudan
  Bank of Sudan is the central bank of the Sudan. The bank was formed in 1960, four years after Sudan's independence. It is located in Khartoum and its governor is currently Mohamed Kheir El-Zubeir.-History:...
  
  
• 1960 The Egyptian government nationalized NBE and created a separate central bank.
• 1961 Citibank
  Citibank
  Citibank, a major international bank, is the consumer banking arm of financial services giant Citigroup. Citibank was founded in 1812 as the City Bank of New York, later First National City Bank of New York...
  
   sold to NBE its Egyptian assets and liabilities. Citibank had entered in 1955 but was forced to leave by the nationalization decree.
• 1975 Chase Manhattan Bank
  Chase Manhattan Bank
  JPMorgan Chase Bank, N.A., doing business as Chase, is a national bank that constitutes the consumer and commercial banking subsidiary of financial services firm JPMorgan Chase. The bank was known as Chase Manhattan Bank until it merged with J.P. Morgan & Co. in 2000...
  
   (49%) and National Bank of Egypt (51%) established Commercial International Bank (CIB).
• 1976 NBE, together with 19 other Arab and four US banks, established Arab American Bank as a wholesale bank operating in New York.
• 1982 NBE established a subsidiary in the UK.
• 1987 Chase sold its shares in CIB to NBE and the bank changed its name to Commercial International Bank, SAE. Partial privatization in 1993 and a GDR issue in 1996 reduced NBE’s share to 34%. NBE established a rep office in South Africa and a banking subsidiary in London
  London
  London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
  
  , which took over the assets and operations of NBE's previous subsidiary and its by then two branches there.
• 2000 NBE established a NY branch to take over the business of Arab American Bank.
• 2005 NBE acquired Mohandes Bank, which had been established in 1979 as a commercial bank. It also acquired Bank of Commerce and Development, known as "Al Tigaryoon".
• 2006 NBE opened a representative office in Dubai.
• 2008 NBE upgraded its representative office in Shanghai into a branch.