Capital Intelligence affirms NBE rating, with "stable" outlook

CAIRO – 3 March 2021: Capital Intelligence Ratings (CI Ratings or CI) has affirmed the Long-Term Foreign Currency Rating (LT FCR) of National Bank of Egypt (NBE) at 'B+'. 

CI Ratings also affirmed in a report the Short-Term Foreign Currency Rating (ST FCR) of of NBE at  'B', with a stable outlook.

It noted that the rating reflects the possibility of government support for the bank, which is owned by the government, and its importance as the largest bank in Egypt by assets.