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National Bank of EgyptEgypt

Active

This profile is actively maintained
Last update: 2023-01-05 15:04:26
National Bank of Egypt's head office. Photo: Faris knight via Wikimedia Commons (CC BY SA 3.0)

Active

This profile is actively maintained
Last update: 2023-01-05 15:04:26
About
Website 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
Central Bank of Egypt
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.

Sustainability
Policies
Voluntary standards

National Bank of Egypt does not have publicly available investment policies nor does it have a web page on corporate social responsibility.

National Bank of Egypt has committed itself to the following voluntary standards:
Global Reporting InitiativeTags: sustainable development | human rights
Principles for Responsible Banking (PRB)Tags: climate change | corporate social responsibility | finance | sustainable development | United Nations | Voluntary Standards
Task Force on Climate-related Financial Disclosures (TCFD)Tags: corporate social responsibility | finance
Campaigns

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.

The BankTrack Human Rights Benchmark

Human Rights Benchmark Africa 2021

BankLast update
Country
Score
Ranking
Details
National Bank of Egypt
EGY
0
Laggard
Explanation
Laggard
Follower
Front runner
Leader
0 - 3.5 points
4 - 5.5 points
6 - 8.5 points
9 - 14 points
For more details see this page.
News
Resources
Documents
Accountability
Grievances

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".

Impacts reviewed
Responded?
Total score
Response
Action
Monitoring

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