In 2007, National Bank of Kuwait (NBK) - the best bank in the Middle East and highest rated by international rating agencies - acquired AWB to start operations in Egypt for the first time, which marks a new milestone in the regional expansion of NBK.
After the acquisition in 2007 NBK kept the bank’s name as AWB, only adding “A Subsidiary of NBK Group” to the logo, until mid-2014 when the bank name and logo changed to NBK.
When the bank was acquired by NBK its number of branches was 24, soon after the acquisition NBK adopted a strategic expansion plan which increased the number of branches to reach 52 branches and a total number of 150 ATMs in 2020, which are all strategically located in the most vibrant spots across the country, from Cairo and Alexandria, to Giza, Mansoura and Sohag.
Since the acquisition, the bank managed to secure loans for thousands of big and small investors and institutional clients, a fact reflected in its increasing performing loan portfolio.
Based in Egypt, with a large branch network across the country, we understand entirely the challenging needs of individuals and aspiring businesses, and the change involved to remain one step ahead in today’s rapidly evolving markets
Company Details
- Employees
- 1.25K
- Founded
- -
- Address
- Cairo, Eg
- Industry
- Banking
- NAICS
-
Commercial Banking
- Website
- https://www.nbk.com/egypt
- Keywords
- Retail, Corporate, Investment, Brokerage, Private, Financing.
- HQ
- Cairo
Nbk Egypt Questions
Nbk Egypt's website is https://www.nbk.com/egypt
Nbk Egypt's LinkedIn profile is https://eg.linkedin.com/company/nbkegypt
Nbk Egypt has
1.25K employees.
View email and phone details for 1.25K
employees at Nbk Egypt.
Nbk Egypt's industry is
Banking
Nbk Egypt's top competitors are
National Bank Of Egypt (Nbe),
Abu Dhabi Islamic Bank - Egypt,
Arab African International Bank,
Al Ahli Bank Of Kuwait - Egypt,
Saib,
Banque Misr,
Banque Du Caire,
Alexbank,
Cib Egypt,
Qnb Egypt.
Nbk Egypt's categories are Banking
Nbk Egypt's founding year is 2007
