Trading Economics-


India’s BSE Sensex closed about 0.2% down at 77,369 on Monday, halting a two-day winning streak,Meanwhile, attention also turned to Nvidia’s upcoming earnings report and the Jackson Hole symposium, where Federal Reserve Chairman Kevin Warsh’s speech will be closely watched for clues on the Fed’s interest-rate path. Several sectors came under pressure, led by financials, while strength in metals and technology stocks helped cushion the decline. Among stocks, Adani Ports, BEL, Bajaj Finance, Bajaj Finserv, Trent, Axis Bank and SBI posted the biggest losses, falling between 0.7%-1.3%. On the upside, Tata Steel (1.9%), HCL Tech (1.3%) and Infosys (0.9%) were the top gainers

Trading Economics-


US stocks were mixed on Monday as losses for chip producers offset gains in broader sectors. The S&P 500 fell 0.3% and the Nasdaq 100 fell over 1%, although the Dow inched higher. AI infrastructure stocks led the losses on persistent uncertainty over the outlook on returns in the sector, with support from incoming LLM developer IPOs offsetting concerns that capital expenditure on chips has been overdone. Micron, Marvell, and Sandisk were between 6% and 10%. Meanwhile, Nvidia dropped 1% ahead of its earnings on Wednesday after the bell, the next catalyst for the AI trade. Meanwhile, energy prices eased but remained elevated as the US pledged to isolate Iran economically. This added to lingering concerns of elevated inflation as high energy prices magnified the impact of high deficit spending and Treasury intervention to buy back bonds. Still, credit services were higher following last week's pullback, with Visa and Mastercard adding 2%.

Company: Arab Development & Real Estate Investment
Symbols: EGS65AN1C018
Reuters: ADRI.CA
Content:
Notarized minutes of the EGM held on 13/05/2026.
Source: Arab Development & Real Estate Investment
EGM Minutes (Notarized) (863 KB)

Al MAl-


Dr. Badr Abdel-Aty, Minister of Foreign Affairs, International Cooperation, and Egyptians Abroad, received Dr. Mohamed Farid, Minister of Investment and Foreign Trade, on Sunday, August 23, to discuss strengthening joint coordination in support of efforts to attract investments, boost foreign trade, and achieve economic development.

Following the meeting, Dr. Mohamed Farid Saleh held an extensive meeting and dialogue with newly appointed Egyptian ambassadors to head diplomatic missions abroad. This meeting aimed to strengthen coordination between the two ministries, review efforts to attract foreign direct investment, promote available investment opportunities in various priority sectors, open new foreign markets for Egyptian exports, and enhance trade with various countries, in line with economic development goals and Egypt's Vision 2030.

Strengthening Cooperation between Embassies and Commercial Offices

The meeting also addressed ways to intensify institutional cooperation and partnership between the two ministries in promoting the Egyptian economy internationally. This will be achieved by enhancing coordination between Egyptian diplomatic missions and commercial representation offices, targeting promising markets and attracting foreign investment, and highlighting Egypt's progress in improving the investment climate and developing infrastructure. These efforts aim to enhance the competitiveness of the Egyptian economy and support the state's efforts to achieve economic development.

For his part, Dr. Badr Abdel-Aty, Minister of Foreign Affairs, International Cooperation, and Egyptians Abroad, stated that promoting the Egyptian economy requires partnership and integration between embassies and commercial offices, something they are constantly working on to achieve their objectives.

The Minister noted a significant improvement in the investment climate thanks to reforms and initiatives, as well as cooperation with commercial offices to achieve investment attraction and trade enhancement goals.

Attracting Investments and Increasing Egyptian Exports

Dr. Mohamed Farid, Minister of Investment and Foreign Trade, stated that the Ministry is working to protect Egypt's commercial and investment interests as a foundation for increasing exports and attracting investments with economic and social returns. He added that they are also developing stakeholder maps of global companies and factories that align with Egypt's development priorities and targeting them with promotional plans.

The Minister pointed out that the Egyptian economy is witnessing stability in macroeconomic indicators, and that the Ministry is working to change the perception of investment in Egypt.

The launch of the Investor Care Platform represents a new step in the state's efforts to develop the investment services system and provide easier and more effective channels for communication with investors. This ensures that complaints and suggestions are handled according to clear procedures and within a specific timeframe for response.

📍 The platform offers a user-friendly experience for investors wishing to submit complaints or suggestions, with the ability to track the complaint using a reference number until it is resolved. It also allows for evaluating the level of satisfaction with the services provided, which helps in monitoring investor needs and continuously identifying opportunities to improve the services system.

📍 The platform serves as an effective tool for monitoring the efficiency of the investment system according to measurable indicators, enabling comparison with global standards. Furthermore, it provides real-time reports that support decision-makers in monitoring the performance of the investment system and analyzing the services provided to investors.

📍 The General Authority for Investment and Free Zones is committed to providing all the necessary technical and human resources to ensure the optimal operation of the platform, guaranteeing efficient handling of complaints, suggestions, and inquiries received from investors.

📍 The Authority will utilize artificial intelligence tools to analyze trends and intelligently classify proposals, complaints, and inquiries. This will help identify recurring issues and challenges facing investors, and support efforts to develop services and improve response efficiency.

📍 This was stated in a joint statement issued by the Ministries of Investment and Foreign Trade and Labor on August 16, 2026.

Youm7-


Egyptian food industry exports recorded their highest value in the sector’s history during the first seven months of this year, reaching approximately $4.473 billion from January through July 2026, compared with $4.040 billion during the same period in 2025, an increase of $433 million, or 10.7%.

Mahmoud Bazan, Chairman of the Food Export Council, said the sector’s performance reflects continued improvements in the competitiveness of Egyptian products and companies’ ability to expand into international markets, supported by a diversified production base and increased value added across many products.

He noted that export growth was not dependent on a limited number of markets, as 114 markets increased their imports of Egyptian food products during the comparison period. The European Union recorded the highest growth rate among the major international blocs.

Second Quarter Drives Food Industry Export Growth

Data from the Food Export Council showed that food industry exports rose to $1.766 billion in the first quarter of 2026, compared with $1.641 billion in the corresponding quarter of 2025, an increase of $125 million, or 7.6%.

Exports jumped to $2.054 billion in the second quarter, compared with $1.773 billion during the same period last year, an increase of $280 million, or 15.8%.

The second quarter alone accounted for approximately 65% of the total increase in the sector’s exports during the first seven months, while exports in July alone reached approximately $653 million, up $27 million, or 4.3%.

European Union Records Fastest Growth

In terms of geographic distribution, Arab countries topped the list of the largest importing groups of Egyptian food products, with exports worth $2.055 billion, compared with $1.910 billion, an increase of $145 million, or 7.6%. They accounted for 46% of total sector exports.

The European Union ranked second, with exports reaching $1.008 billion, compared with $850 million, an increase of $158 million, or 18.6%—the highest growth rate among the major international groups—raising its share to approximately 23%.

Food exports to the United States reached $290 million, compared with $277 million, representing growth of 4.8%, while exports to non-Arab African countries reached $307 million, up 2.3%.

Exports to the rest of the world also increased to $813 million, compared with $703 million, representing growth of 15.6%.

Saudi Arabia Leads Markets as Spain Records 107% Jump

Saudi Arabia maintained its position as the largest importer of Egyptian food products, with imports worth $363 million, up 19%, an increase of $59 million.

The United States ranked second at $290 million, followed by Libya at $196 million, Jordan at $194 million, up 20%, and the Netherlands at $189 million, up 21%.

Spain recorded the highest growth rate among the major markets, with exports surging 107% to reach $188 million, an increase of $97 million.

Exports to Algeria also increased to $159 million, up 29%; Iraq to $156 million, up 19%; Palestine to $142 million, up 38%; and China to $142 million, up 19%.

Egyptian exports to the United Kingdom reached $108 million, up 46%, while exports to Germany declined 18% to $99 million, and exports to Morocco fell 23% to $89 million.

The top 20 importing markets accounted for approximately 69% of total sector exports, worth $3.089 billion.

Chocolate and Edible Oils Lead Export Growth

By product, frozen strawberries topped the list of Egypt’s major food exports, with exports worth $558 million, up 7%, an increase of $38 million.

Concentrates used in the production of carbonated beverages ranked second at $368 million, followed by edible oils at $298 million, up 35%, an increase of $77 million.

Chocolate exports recorded the largest increase among major products, surging 114% to $262 million, an increase of $140 million.

Exports of prepared animal feed also rose to $219 million, up 28%, while juice exports increased to $174 million, up 17%.

Meanwhile, sugar exports declined 19% to $176 million, while flour exports fell 19% to $149 million.

Salt exports doubled, rising 100% to $82 million, while exports of fats and oils increased 50% to $114 million.

The top 30 exported food products accounted for approximately 89% of total sector exports, with a value of $3.998 billion.

Processed Fruits and Vegetables Lead Sectors

At the sector level, processed fruits and vegetables and beverages ranked first, with exports worth $1.2 billion, followed by frozen fruits and vegetables at $930 million.

The confectionery, chocolate, biscuits, and bakery products sector recorded the highest growth rate among the major sectors, with exports rising 45% to $547 million, an increase of $169 million.

Spain, Saudi Arabia and Palestine Among Key Growth Drivers

An analysis of the markets driving food industry export growth showed that 114 markets increased their imports of Egyptian products, generating a combined increase of $682 million.

Spain topped the list of markets contributing to export growth, with an increase of $97 million, driven by higher exports of edible oils worth approximately $50 million, pickled and processed olives worth $19 million, and prepared animal feed worth $15 million.

Saudi Arabia ranked second, with an increase of $59 million, supported by a $62 million increase in chocolate exports, an $8 million increase in carbonated beverage concentrates, and a $5 million increase in dairy and dairy product exports.

Exports to Palestine increased by approximately $39 million, while exports to Algeria rose by $36 million, the United Kingdom by $34 million, the Netherlands by $33 million, and Jordan by $32 million.

The top 20 markets contributing to export growth accounted for approximately 78% of the total increase, equivalent to $532 million.

Five Products Account for 56% of Export Growth

In terms of products driving growth, chocolate topped the list with an increase of $140 million, followed by edible oils at $77 million, prepared animal feed at $48 million, salt at $41 million, and fats and oils at $38 million.

These five products alone accounted for approximately 56% of the total growth in food product exports during the first seven months of 2026.

Mahmoud Bazan stressed that the sector’s export performance reflects the diversity of markets, products, and sectors driving growth. He noted that the Food Export Council will continue working to enhance companies’ competitiveness, expand the exporter base, and support access to priority markets.

He added that the council will focus during the next phase on African markets and promising markets through market studies, trade missions, and capacity-building programs, supporting the state’s targets of increasing non-oil exports and strengthening foreign currency resources.

The National Bank of Egypt's total customer deposit portfolio rose to approximately EGP 6.1 trillion, including retail deposits, which reached around EGP 4.2 trillion in the second quarter of 2026. The bank's customer base exceeded 22 million, reflecting its continued focus on diverse customer segments, with a particular emphasis on youth and promoting financial inclusion.

Karim Sous, Head of Retail Banking at the National Bank of Egypt, stated that the bank's retail portfolio grew by approximately EGP 62.5 billion since the end of December 2025. He attributed this performance to the diversification of products and financing solutions, expanded access to various customer segments, and the integrated efforts of the branch network, sales teams, and all supporting departments.

He emphasized the bank's continued efforts to expand its geographical reach and extend banking services to the largest possible number of citizens, especially in underserved areas. The bank's branch network has grown to approximately 707 branches and banking units, including border regions. Among these are 50 branches powered by solar energy and 108 branches equipped to serve customers with disabilities. In addition, the bank operates over 7,520 ATMs, including 1,241 equipped for visually impaired customers and 34 for customers with mobility impairments. This reflects the bank's commitment to implementing sustainability standards and providing comprehensive banking services to all segments of society.

The bank also adopted the Digital Village initiative in cooperation with Visa, the world's leading digital payments company, and under the auspices of the Central Bank of Egypt. This initiative aims to empower village residents to benefit from digital financial services and products and reduce reliance on traditional cash transactions.

Furthermore, the National Bank of Egypt led participating banks in the mortgage finance initiative, with its mortgage portfolio for low- and middle-income individuals reaching approximately EGP 27.28 billion. This underscores the bank's role in supporting the state's efforts to provide suitable housing for various segments of the population.

Regarding digital services, the total number of subscribers to Al Ahli Net for individuals reached approximately 8.82 million, while the number of subscribers to Al Ahli Net for companies reached approximately 129,000. This confirms the bank's success in expanding its digital banking services and enhancing the digital customer experience for both individuals and companies.

The bank also continues to offer Apple Pay in partnership with Apple Inc., one of the most secure and convenient electronic payment methods. Furthermore, it continues to develop non-financial services offered to Al Ahli Platinum customers, providing a comprehensive banking experience both within and outside Egypt.

In the same context of retail banking, the National Bank of Egypt signed an agreement to issue Visa On Arrival stamps electronically through simplified procedures, replacing the currently used paper stamps.

The bank is also participating in the "Update Your Data in Egypt" initiative launched by the Central Bank of Egypt in cooperation with the Ministry of Foreign Affairs and International Cooperation and Egyptians Abroad. This initiative facilitates the updating of banking data for Egyptians residing abroad through Egyptian embassies and consulates in several Arab and foreign countries, including the United States, the United Arab Emirates, Germany, Saudi Arabia, and others.

The bank launched its “Visa Platinum Debit Card in US Dollars” for international use, a leading card product in the Egyptian and global markets.

In supporting digital transformation in universities, the bank continues to sign cooperation agreements with several Egyptian universities. These agreements aim to automate tuition payments and enhance students' financial literacy by providing a comprehensive suite of banking services and benefits specifically designed to meet the needs of university students and integrate them into the banking system.

Furthermore, the National Bank of Egypt achieved record growth rates in revenues from alternative channels during the second quarter of 2026. Revenues from government entities exceeded EGP 213 billion, in addition to significant growth in the e-commerce sector (31%) and electronic point-of-sale (POS) revenues (38%), surpassing EGP 234 billion.

The “Cash Away” service has witnessed increasing demand year after year from customers across the banking sector, achieving a growth rate of approximately 64% compared to the same period last year. The service allows bank cardholders to withdraw cash through points of sale available at gas stations and hypermarkets, thus reinforcing the bank's efforts to spread the culture of electronic payments and support the state's direction towards financial inclusion and digital transformation.

Aman Consumer Finance announced a strategic partnership with Noon Egypt, one of the region’s leading and fastest-growing digital e-commerce platforms. This partnership aims to provide flexible payment and financing options that meet the needs of millions of online shoppers in the local market.

Under this collaboration, Aman’s services will be listed as a primary and direct payment option on the Noon platform, enabling eligible customers to instantly and seamlessly finance their purchases using their approved Aman credit limit.

This partnership ensures a fully digital shopping and financing experience characterized by the highest standards of security and speed. Furthermore, both parties intend to launch joint marketing and awareness campaigns to maximize customer benefits and encourage the adoption of innovative digital financing solutions.

In this context, Eng. Hazem Maghazi, CEO of Business and Commercial Affairs at Aman Holding, expressed his pride in this step, saying: “Our collaboration with a leading platform like Noon reflects Aman’s firm commitment to accelerating financial inclusion and digital transformation in Egypt, and expanding our presence across major e-commerce platforms. At Aman, through this partnership, we aim to empower Egyptian consumers and broaden their choices by providing greater flexibility and innovative financing options at the point of sale. This aligns perfectly with our comprehensive digital payments strategy, which aims to solidify the concept of a cashless economy and provide solutions that support customers amidst current economic changes.”

For his part, Mostafa Salem, General Manager of Noon Egypt, stated: “We are delighted with this strategic partnership with Aman, which reflects our commitment to enhancing the value we offer our customers in the Egyptian market. By providing flexible payment and financing options through our platform, we aim to support shoppers’ purchasing power and provide a seamless and secure digital experience. This step confirms Noon’s commitment to driving the growth of the e-commerce sector through innovative solutions that make everyday shopping more convenient and accessible for everyone.”

It is worth mentioning that Aman owns and operates one of the largest and fastest growing electronic payment networks in Egypt, which includes more than 150,000 points of sale spread throughout the country, in addition to the integrated digital payment services it provides through its leading application, “AMAN Super App”.

The United Bank’s SME and Microfinance Portfolio Rises 79.3% to EGP 5.2 Billion by End-June 2026

The United Bank’s financing portfolio for medium-sized, small, and micro enterprises rose to EGP 5.2 billion at the end of June 2026, compared with approximately EGP 2.9 billion at the end of December 2025, an increase of EGP 2.3 billion, or 79.3%.

United Bank announced its standalone financial results for the six-month period ended June 30, 2026, which showed continued growth across several key business indicators, particularly total assets and deposit and loan portfolios, alongside growth in net operating income and the continued strength of asset quality indicators.

The bank’s total assets reached EGP 117 billion at the end of June 2026, compared with approximately EGP 99.8 billion at the end of December 2025, an increase of around EGP 17.3 billion, or 17.3%, driven mainly by growth in customer deposits.

Strong Growth in Deposits and Loans

Total customer deposits rose to EGP 91.6 billion at the end of June 2026, compared with approximately EGP 75.8 billion at the end of December 2025, an increase of EGP 15.8 billion, or 21%.

This was driven by an increase in deposits from large, medium-sized, and small corporates, which reached EGP 41.1 billion at the end of June 2026, compared with EGP 28.1 billion at the end of December 2025, an increase of EGP 13 billion, or 46.4%.

Retail deposits also increased to EGP 50.5 billion at the end of June 2026, compared with EGP 47.7 billion at the end of December 2025, an increase of EGP 2.8 billion, or 5.7%.

The growth reflects rising confidence among individual and corporate customers. Retail deposits accounted for approximately 55.1% of total deposits, while institutional deposits represented around 44.9%.

Total loans and credit facilities reached EGP 49.6 billion at the end of June 2026, compared with approximately EGP 38.3 billion at the end of December 2025, an increase of EGP 11.3 billion, or 30%.

Corporate loans increased to EGP 38.7 billion at the end of June 2026, compared with EGP 28.9 billion at the end of December 2025, an increase of EGP 9.8 billion, or 34%. Retail loans rose to EGP 11 billion, compared with EGP 9.4 billion at the end of December 2025, an increase of EGP 1.5 billion, or 16.4%.

Net Profit and Operating Income

Net operating income reached EGP 3.5 billion during the first half of 2026, recording 12% growth compared with the same period last year. This was driven by an 8.9% increase in net interest income to EGP 2.7 billion, as well as a 4% increase in net fees and commissions income to EGP 367.4 million.

The bank increased its credit loss provisions by EGP 230.2 million, driven by the growth in its loan portfolio.

Net profit after tax stood at EGP 1.3 billion during the first half of 2026, compared with approximately EGP 1.5 billion during the corresponding period of 2025.

Financial Indicators and Business Development

The bank’s capital adequacy ratio stood at 20.3%, while the ratio of total loans to total deposits reached 54.2%. Customer deposits accounted for approximately 92.1% of total liabilities.

Regarding asset quality, the non-performing loan (NPL) ratio declined to approximately 0.9% at the end of June 2026, compared with 1.2% at the end of December 2025. The NPL coverage ratio reached approximately 314%, reflecting strong asset quality and adequate provisioning.

Meanwhile, the first half of 2026 witnessed intensive activity by United Bank in financing several vital economic sectors, particularly food and beverages, contracting, petroleum, and healthcare.

At the level of banking products and services for individuals and businesses, United Bank launched a diverse range of conventional and Sharia-compliant savings products, offering competitive returns and various payout frequencies, supporting its financial inclusion efforts and meeting customers’ needs.

Corporate Social Responsibility and Sustainable Development

In terms of corporate social responsibility, United Bank continues to strengthen its role as an active development partner through an integrated strategy aimed at supporting the most vulnerable groups, promoting economic and social empowerment, and creating a sustainable impact on society through initiatives and programs in healthcare, education, and economic empowerment.

In healthcare, the bank continues to support cases referred by the Ministry of Health involving women with breast cancer by providing the modern medications required for treatment. It also supports children living with Type 1 diabetes, as part of the bank’s commitment to supporting the state’s efforts to improve healthcare and enhance citizens’ quality of life. This builds on the bank’s role in supporting a number of national healthcare initiatives and projects.

In the area of economic empowerment, the bank continues to support and economically empower women in cooperation with the Egyptian Red Crescent in the Zeinhom area. The initiative aims to strengthen women’s economic capabilities, improve their livelihoods, and open new opportunities for greater economic and social independence.

United Bank also places particular emphasis on education by continuing to support Zewail City of Science and Technology through scholarships for 19 students, reflecting its belief in investing in young people, supporting scientific talent, and expanding opportunities for outstanding students to receive quality education that contributes to building a generation capable of leading future development and innovation.

These initiatives target several key groups, particularly women, children, youth, and marginalized communities, reflecting United Bank’s commitment to creating a sustainable social impact and integrating its economic role with its social responsibility in support of Egypt’s economic and social development.

Achievements and Awards

In terms of achievements and recognition, United Bank was included in Forbes Middle East’s list of the 50 Largest Companies and 50 Strongest Brands in the Middle East for 2026. This reflects the strength of its overall banking performance and growing corporate value, while highlighting the bank’s ability to combine financial strength with a powerful and influential brand.

Tarek Fayed: We Continue Investing in Technology, Infrastructure and Human Capital to Support Sustainable Growth

Commenting on the bank’s first-half 2026 results, Tarek Fayed, CEO and Managing Director of United Bank, said the results reflect the bank’s successful implementation of a balanced business strategy focused on achieving sustainable growth and maximizing value added to the national economy, while enhancing institutional efficiency and developing innovative banking and digital services and solutions.

He added that United Bank continues to operate according to its strategic vision, which aligns with the priorities of the state and the Central Bank of Egypt, particularly in expanding financial inclusion, supporting medium-sized, small, and micro enterprises, stimulating investment and production, and accelerating digital transformation.

Fayed explained that United Bank is placing increasing emphasis on financing high-value-added vital sectors, contributing to economic growth and enhancing the competitiveness of the national economy.

He affirmed that the bank will continue developing innovative financing and investment products targeting different segments of society, supporting individuals, entrepreneurs, and business owners, as well as productive, healthcare, and service sectors.

He noted that United Bank’s strategy also extends to strengthening its social and development role, based on its belief in the importance of balancing its economic objectives with its responsibility toward society.

Fayed stressed that United Bank will continue working to strengthen its position as a leading national banking institution that combines financial efficiency with a commitment to development and contributes effectively to the state’s efforts to build a more sustainable economy capable of addressing future challenges.

As part of Nasser Social Bank's commitment, under the leadership of Dr. Maya Morsi, Minister of Social Solidarity, to supporting small and micro enterprises and enhancing its role in empowering nursery owners and providing a safe and suitable environment for childcare, the bank continues to offer its "My Nursery Financing" product. The maximum financing amount allocated to existing nurseries has been raised to one million Egyptian pounds, contributing to supporting nursery owners in developing and expanding their projects and regulating their operations. Financing is also available to those wishing to establish new nurseries.

Dr. Maya Morsi emphasized that the continued provision of "My Nursery Financing" aligns with the bank's approach to providing accessible financing solutions that meet the needs of business owners and support the sustainability and development of their projects, particularly those related to childcare and development services. This is in line with the state's efforts to expand early childhood services and improve the quality of services provided to children.

The Minister of Social Solidarity and Chairperson of the Board of Directors of Nasser Social Bank added that the financing targets existing nursery owners and those wishing to establish new ones. It aims to fund the establishment, development, and upgrading of nurseries for children under four years old, helping nursery owners improve the level of services provided and meet the necessary requirements for operating.

In the same context, Walid El-Nahhas, Vice Chairperson of the Bank's Board of Directors, added that the financing features a competitive interest rate of 5% annually, with a loan amount of up to one million Egyptian pounds. Repayment periods range from one to four years, and a grace period of up to three months is granted from the date of disbursement, giving beneficiaries a better opportunity to start or develop their businesses before repayment obligations begin.

El-Nahhas explained that eligibility for the financing requires the client to be between 21 and 65 years old at the end of the loan term, in addition to fulfilling the required documents and procedures according to the bank's regulations.

The bank is committed to facilitating the financing process through key documents including a copy of the national ID card of the client and guarantor, proof of the client's and nursery's residence, a copy of the educational certificate, the nursery's license or proof of initiating the licensing process, a criminal record certificate addressed to the bank, a recent extract from the commercial register, a copy of the tax card, and a feasibility study for the project. The required guarantees for obtaining financing vary according to the nature of the project and may include a personal guarantor, salary or pension transfers, or savings accounts, in accordance with the bank's applicable regulations and procedures.

Nasser Social Bank affirms that the continued offering of the "My Nursery Financing" program and the increase in the maximum financing amount for existing nurseries are part of the bank's strategy to expand financing for projects that achieve economic and social impact, and to support project owners at various stages, thereby contributing to job creation, enhancing the growth and sustainability of projects, and providing better services for families and children.

The product also reflects the bank’s keenness to employ its financing tools in supporting projects with a social dimension, and to provide appropriate financing for nursery owners to help them develop their activities and achieve sustainability, in parallel with supporting the state’s efforts to provide integrated care services for children in various governorates.

National Bank of Egypt’s Retail Banking Portfolio Surpasses EGP 500 Billion in Q2 2026

The National Bank of Egypt (NBE) achieved a new milestone in its retail banking business, with its retail banking portfolio surpassing EGP 500 billion, reaching approximately EGP 500 billion in the second quarter of 2026. The achievement reflects the success of the bank’s strategy to expand its provision of advanced banking products and services and reach different customer segments across the country.

In this regard, Mohamed El-Etreby, CEO of the National Bank of Egypt, said that surpassing the EGP 500 billion mark in the retail banking portfolio represents an important milestone in the bank’s journey. He noted that the achievement primarily reflects customers’ confidence in NBE, describing this trust as an ongoing responsibility that drives the bank to continue developing its services and products to meet the diverse needs of different customer segments.

El-Etreby added that the achievement is the result of a clear vision and integrated collective efforts by the bank’s various teams, alongside continuous investment in technological infrastructure, the development of digital channels, and the enhancement of the customer experience. He affirmed that the bank will continue working to achieve sustainable and balanced growth while maintaining portfolio quality and effective risk management.

He stressed that reaching a total retail banking portfolio of EGP 500 billion is not merely a numerical achievement, but rather reflects years of continuous work and the integration of efforts across the bank’s various sectors. This supports the bank’s strategy of sustaining growth, enhancing service quality and customer experience, and reinforcing its role in meeting the banking and financing needs of different segments of society.

For her part, Soha El-Torky, Deputy CEO of the National Bank of Egypt, said that surpassing the EGP 500 billion mark reflects the strength of the bank’s strategy and its ability to achieve sustainable growth rates, supported by the continuous development of products and services, investment in technological infrastructure and digital channels, as well as its extensive branch network across the country.

She noted that these efforts keep pace with rapidly evolving customer needs and expectations, stressing that NBE places customers at the heart of its strategy and continues to develop a more convenient and efficient banking experience, while pursuing measured expansion in retail banking and maintaining portfolio quality.

She added that the bank will continue in the coming period to develop its banking and digital products and solutions, focusing on providing customers with a more convenient and faster experience and enhancing service quality, while achieving balanced and sustainable portfolio growth in line with NBE’s strategy.

The achievement reflects the continued strong growth of the bank’s business and customers’ confidence in its diverse banking and financing products and services. NBE’s retail banking portfolio includes a range of financing products and solutions designed to meet the needs of different customer segments, including personal loans, mortgage finance, debit and credit cards, auto finance, and other banking products, services, and digital applications.

Karim Sous, Head of Retail Banking at the National Bank of Egypt, said that the bank’s retail banking portfolio increased by approximately EGP 62.5 billion from the end of December 2025. He noted that this performance was supported by the diversity of products and financing solutions, broader outreach to different customer segments, and coordinated efforts across the branch network, sales teams, and all supporting sectors.

Total deposits of all types also increased to approximately EGP 6.1 trillion, including individual deposits of around EGP 4.2 trillion in the second quarter of 2026. The bank’s customer base exceeded 22 million, as NBE continues to target different customer segments, with a particular focus on young people and financial inclusion.

The bank also continues its efforts to expand geographically and make banking services accessible to the largest possible number of citizens, particularly in underserved and unbanked areas. Its branch network has expanded to approximately 707 branches and banking units, including branches in border areas. Of these, 50 branches operate using solar energy and 108 branches are equipped to serve customers with disabilities.

The bank also has more than 7,520 ATMs, including 1,241 machines equipped to serve visually impaired customers and 34 machines designed to serve customers with mobility disabilities. This reflects the bank’s commitment to sustainability standards and providing comprehensive banking services to all segments of society.

NBE has also adopted the “Digital Village” initiative in cooperation with Visa, a global leader in digital payments, under the auspices of the Central Bank of Egypt. The initiative aims to enable village residents to benefit from digital financial services and products and reduce reliance on traditional cash transactions.

In addition, NBE ranked first among participating banks in the mortgage finance initiative, with its mortgage finance portfolio for low- and middle-income customers reaching approximately EGP 27.28 billion. This underscores the bank’s role in supporting the state’s efforts to provide suitable housing for various segments of citizens.

With regard to digital services, the number of individual customers subscribed to the Al Ahly Net service reached approximately 8.82 million, while the number of corporate customers subscribed to Al Ahly Net reached around 129,000. This highlights the bank’s success in expanding digital banking services and enhancing the digital customer experience for both individuals and businesses.

The bank also continues to offer Apple Pay in cooperation with Apple Inc., providing one of the safest and most convenient electronic payment methods. It is also continuing to develop non-financial services for Al Ahly Platinum customers, providing an integrated banking experience both inside and outside Egypt.

As part of its retail banking activities, NBE signed an agreement to enable the electronic issuance of the Visa On Arrival stamp through simplified procedures, replacing the paper stamp currently in use.

The bank is also participating in the “Update Your Data in Egypt” initiative launched by the Central Bank of Egypt in cooperation with the Ministry of Foreign Affairs and Expatriate Affairs, with the aim of facilitating the process of updating banking information for Egyptians living abroad through Egyptian embassies and consulates in several Arab and foreign countries, including the United States, the UAE, Germany, and Saudi Arabia.

NBE has also introduced the “USD Visa Platinum Debit Card” for international use, one of the bank’s prominent card products in the Egyptian and global markets.

In support of digital transformation at universities, the bank continues to sign cooperation protocols with a number of Egyptian universities to automate tuition fee payments and promote financial literacy among students. The initiative provides a comprehensive package of banking services and benefits specifically designed to meet university students’ needs and integrate young people into the formal banking system.

NBE achieved record growth in collections through alternative channels during the second quarter of 2026. Government entity collections exceeded EGP 213 billion, while the e-commerce sector recorded significant growth of 31%. Collections through electronic point-of-sale (POS) terminals also grew by 38%, exceeding EGP 234 billion.

The “Cash Away” service has also seen growing customer adoption across the banking sector year after year, recording growth of approximately 64% compared with the corresponding period. The service enables bank cardholders to withdraw cash through POS terminals available at fuel stations and hypermarkets, supporting the bank’s efforts to promote electronic payment adoption and advance the state’s financial inclusion and digital transformation agenda.

The Central Bank of Egypt(CBE) is offering treasury bonds worth EGP 17.5 billion today, Monday, through its website. The bonds are divided into two tranches: one with a fixed interest rate and the other with a variable interest rate.

The bank stated on its website that the two-year fixed-rate bonds are valued at EGP 1.5 billion, with interest paid semi-annually at a coupon rate of 22.691%, and will mature on August 18, 2028. The three-year bonds are valued at EGP 15 billion, with interest paid semi-annually at a coupon rate of 23.269%, and will mature on August 18, 2029.

The five-year variable-rate bonds are valued at EGP 1 billion, with interest paid quarterly, and will mature on August 25, 2031.

The Monetary Policy Committee of the Central Bank of Egypt, in its last meeting, decided to maintain key interest rates unchanged. Accordingly, the overnight deposit and lending rates and the Central Bank's main operation rate were kept at 19.00%, 20.00%, and 19.50%, respectively. The discount rate was also maintained at 19.50%.

Throughout the fiscal year, the Ministry of Finance authorizes the Central Bank to manage its own issuances of treasury bills and bonds denominated in Egyptian pounds, with the proceeds to be used to finance and spend items in the state's general budget for the current fiscal year.

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The Egyptian Trade Representation Office met with the Benghazi Chamber of Commerce, Industry, and Agriculture to discuss ways to enhance economic and trade cooperation between Egypt and Libya, increase trade exchange, and support direct communication between the business communities of both countries. They also discussed promoting available investment and trade opportunities across various sectors.

This meeting was held between Commercial Counselor Haitham Qassem, Head of the Egyptian Trade Office in Benghazi, and Mounem Naji Al-Saity, Acting Chairman of the Board of Directors of the Benghazi Chamber of Commerce, Industry, and Agriculture, and Engineer Ramadan Boubtana, Director of the Chamber's Economic and International Relations Department. The meeting was held in accordance with the directives of Dr. Mohamed Farid Saleh, Minister of Investment and Foreign Trade, to strengthen economic and trade relations with sister Arab countries and support Egyptian exports and investments.

The meeting also addressed the importance of strengthening direct communication between Egyptian and Libyan businesspeople and companies. This communication aims to promote awareness of available trade and investment opportunities, transform them into concrete partnerships and contracts, and capitalize on the potential offered by both the Egyptian and Libyan markets. Representatives of the Benghazi Chamber of Commerce, Industry, and Agriculture affirmed the Chamber's commitment to continued coordination and communication with Egyptian economic and commercial entities, in order to support shared interests and contribute to increased trade and investment between the two countries.

Egyptian Exports to Libya Reach $1.5 Billion

Dr. Abdel Aziz El-Sherif, First Undersecretary of the Ministry of Investment and Foreign Trade and Head of the Trade Representation Office, stated that the office is working to provide all necessary support to transform available trade and investment opportunities into concrete contracts and partnerships between Egyptian companies and their counterparts in foreign markets.

El-Sherif added that Egyptian exports to Libya reached approximately $1.5 billion in 2025, compared to Egyptian imports from Libya of approximately $40 million during the same year. This reflects the importance of the Libyan market for Egyptian exports and the significant opportunities for strengthening trade relations between the two countries.

He noted that the Egyptian Trade Office in Benghazi will continue to coordinate with the Benghazi Chamber of Commerce, Industry, and Agriculture and the Libyan business community to organize direct business meetings and promote Egyptian products and services, thereby supporting increased exports and boosting trade and investment.

Strengthening economic cooperation
The Egyptian moves come within the framework of trade representation efforts to open new markets for Egyptian products, expand the base of exporting companies, in addition to strengthening cooperation with business institutions in the targeted markets and creating new opportunities for Egyptian investments.

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The National Bank of Egypt's total deposit portfolio reached approximately EGP 6.1 trillion, including retail deposits, which amounted to around EGP 4.2 trillion in the second quarter of 2026. This record growth in deposits coincided with an expansion of the bank's customer base to over 22 million customers.

As part of its geographic expansion and financial inclusion efforts, the bank's branch network has grown to approximately 707 branches and banking units, including those in border regions. Among these are 50 solar-powered branches and 108 branches equipped to serve customers with disabilities. The bank also operates more than 7,520 ATMs, including 1,241 equipped for visually impaired individuals and 34 for those with mobility impairments.

The National Bank of Egypt also leads participating banks in the mortgage finance initiative, with its mortgage portfolio for low- and middle-income individuals reaching approximately EGP 27.28 billion. Furthermore, the bank has adopted the "Digital Village" initiative in cooperation with Visa and under the auspices of the Central Bank of Egypt to promote digital payments.

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The National Bank of Egypt (NBE) has achieved a new milestone in its retail banking operations, with its retail portfolio exceeding half a trillion Egyptian pounds, reaching approximately 500 billion pounds during the second quarter of 2026. This figure reflects the success of the bank's strategy to expand its offerings of advanced banking services and products and reach diverse customer segments across the country.

In this context, Mohamed El-Etreby, CEO of NBE, stated that surpassing this portfolio figure represents a significant milestone, primarily reflecting customer confidence in the bank. He noted that this achievement is the result of a clear vision, collective effort, and continuous investment in technological infrastructure and digital applications, while maintaining portfolio quality and efficient risk management.

He added that this success is the result of a clear vision and integrated collective effort from various bank teams, along with ongoing investment in technological infrastructure, development of digital channels, and enhancing the customer experience. He emphasized the bank's continued commitment to achieving sustainable and balanced growth, while maintaining portfolio quality and efficient risk management.

He emphasized that reaching the EGP 500 million mark in the total portfolio is not merely a numerical achievement, but rather reflects years of continuous work and the integrated efforts of the bank's various sectors. This supports the bank's strategy to sustain growth, enhance service quality and customer experience, and solidify its role in meeting the banking and financing needs of diverse segments of society.

For her part, Soha El-Turky, Executive Vice President of the National Bank of Egypt (NBE), indicated that exceeding the EGP 500 million mark in the retail banking portfolio reflects the strength of the bank's strategy and its ability to achieve sustainable growth rates. This is supported by the continuous development of products and services, investment in technological infrastructure and digital channels, and an extensive branch network across the country, keeping pace with the rapidly evolving needs and expectations of customers. She affirmed that NBE places the customer at the heart of its strategy and continues to develop a more convenient and efficient banking experience, in parallel with the well-considered expansion of its retail banking operations and the maintenance of portfolio quality.

She confirmed that the bank will continue to develop its banking and digital products and solutions in the coming period, focusing on providing customers with a faster and easier experience and enhancing service quality, while achieving balanced and sustainable portfolio growth in line with NBE's strategy.

This reflects the bank's continued strong growth and customer confidence in its diverse banking and financing products and services. The bank's retail banking portfolio includes a range of products and financing solutions that cater to the needs of various customer segments, including personal loans, mortgages, debit and credit cards, auto financing, and other banking products, services, and digital applications.

Karim Sous, Head of Retail Banking, explained that the bank's retail portfolio has grown by approximately EGP 62.5 billion since the end of December 2025. He added that this performance was supported by the diversification of products, including personal loans, mortgages, debit and credit cards, and auto financing, in addition to the efforts of the branch network and sales teams.