NBE 1st among African banks in marketing joint loans: Bloomberg

CAIRO - 10 October 2017: Bloomberg has classified the National Bank of Egypt (NBE) as the best among Egyptian and African banks in marketing and arranging joint loans and financing projects during the first three quarters of 2017.

The market share of the NBE hit 16.6 percent with a total value of EGP 58 billion.

With a market share of 7.3 percent, the bank was ranked the sixth in the Middle East and North Africa, a report by Bloomberg showed.

Joint loans arranged by the bank in 2017 have been directed to the sectors of construction, electricity, petroleum and real estate development, NBE Deputy Chairman Yehia Aboul Fotouh said in a statement issued by the bank.