The National Bank of Egypt shows its performance on syndicated loans

The National Bank of Egypt shows its performance on syndicated loans
The National Bank of Egypt (NBE) has, in the first quarter of the current year, arranged 48% of syndicated loans in the Egyptian and African markets.
According to information provided by the Bloomberg website, the NBE ranks first in the Egyptian banking market and on the African continent in syndicated loans. The bank has a 48% market share in the management of these loans.
The note also shows that the bank is ranked fifth in the Middle East and North Africa region in syndicated loans for which it acted as arranger.
“The bank’s provision of all necessary financing to various economic sectors is an extension of its role of supporting major national projects of solvency, economic feasibility and strategic funding partner for these projects. Said Yehia Abul Fotouh, vice president of NBE.
The bank bases its performance on a huge capital base of more than 93 billion Egyptian pounds, or 5.2 billion dollars, which gives it the opportunity to inject large sums of money, either individually or by participating in banking alliances.