The National Bank of Egypt won 22 international awards from the reputable finance institution EMEA Finance, including 4 major awards for Best Bank for Joint Venture Financing, Project Finance, Infrastructure Restructuring, and Structured Finance in Africa for 2022.
The bank also won 18 other awards from the same institution for the best financing deals in Europe, the Middle East and Africa. For example, awards for best joint financing, project financing, restructuring,structured finance, forfeiting, infrastructure financing, and industrial project financing for several companies. The bank also won an award for the best joint financing for a financial institution in North Africa.
Hisham Akkash, Chairman of the National Bank of Egypt, said winning these awards from a reputable international institution that evaluates bank performance reflects the bank's provision of all necessary financing for various sectors and its continuing support of the public and private sectors, especially for major national projects. This plays a major role in driving the national economy, with the bank as a strategic partner in financing these projects.
As Egypt's largest bank, the National Bank of Egypt pays increasing attention to mega-projects related to vital sectors in agriculture, industry, tourism, petroleum, contracting and real estate development, creating added value for the Egyptian national economy and providing many job opportunities in various sectors.
Yahia Abu Al-Fathoum, Vice Chairman of the National Bank of Egypt, said this achievement reflects the bank's strong relationships with local and foreign banks and its ability to complete and manage major deals professionally based on a large capital base that allows it to provide large financing either independently or through banking alliances. He expressed the bank's pride in winning these awards from a reputable global institution with credibility and international weight.
Abu Al-Fathoum stressed the bank's keenness to meet with various international banks to exchange expertise and follow the latest financing methods, in addition to improving its staff and raising their efficiency, which they consider the bank's most important assets.
