National Bank of Egypt

National Bank of Egypt

NBE Towers in Cairo
Native name	البنك الأهلي المصري
Industry	Banking and Financial Services
Founded	Cairo, Egypt (June 25, 1898 (1898-06-25))
Founder	Sir Ernest Cassel (50% ownership), Ralph Isaac Suarez (25%) and Constantine Salvagos of Alexandria (25%)
Headquarters	Cairo, Egypt
Number of locations	338
Services	Financing
Operating income	EGP 7,1 Billion (2013) EGP 6,1 Billion (2012)
Net income	EGP 3,04 Billion (2013) EGP 2,8 Billion (2012)
Total assets	EGP 366,6 Billion (2013) EGP 321,5 Billion (2012)
Website	www.nbe.com.eg

National Bank of Egypt (NBE) (Arabic: البنك الأهلي المصري‎‎) is the oldest and largest bank in Egypt. It has 338 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.

NBE has a subsidiary in London, National Bank of Egypt (UK), branches in New York and Shanghai, and representative offices in Johannesburg and Dubai.

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.

In 1898 Sir Ernest Cassel (50% ownership), Ralph Isaac Suares, his brothers Joseph and Felix, and related parties (25%) and Constantine Salvagos of Alexandria (25%) established the National Bank of Egypt (NBE), though Cassel remained in England. NBE established an office in London.