Active
This profile is actively maintainedActive
This profile is actively maintainedWebsite | https://www.nbe.com.eg/NBE/E/#/EN/Home |
Headquarters |
1187 Corniche El Nil, Cairo Plaza
Cairo
Egypt
|
CEO/chair |
Hisham Okasha Chairman and Executive Director |
Supervisor | |
Ownership |
listed on Egyptian Exchange (EGC)
National Bank of Egypt is owned by the Egyptian state. |
National Bank of Egypt (NBE) is the oldest commercial bank in Egypt, founded in 1898. During the 1950s, NBE assumed the role of central bank. After its nationalization in the 1960s, it acted as a pure commercial bank as well as carrying out the functions of the central bank in the areas where the latter had no branches. Since mid-1960s, NBE has been in charge of issuing investment certificates on behalf of the government. NBE has an extensive network of 510 branches and offices nationwide. The bank maintains an international presence in the UK, Sudan, USA, China and has representative offices in South Africa, UAE and Ethiopia.
National Bank of Egypt most imporant sustainability commitments can be found at the website sections listed below.
Links
National Bank of Egypt does not operate a complaints or grievances channel for individuals or communities that might have been affected by the bank's finance.
This page evaluates National Bank of Egypt's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".
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Banks and Human Rights
BankTrack assessed National Bank of Egypt in its 2021 Human Rights Benchmark Africa, where it achieved 0 points out of 14 and was ranked as a 'laggard'. More information is detailed in the "Accountability" section of this profile.