{"id":642862,"date":"2017-08-23T03:57:16","date_gmt":"2017-08-23T03:57:16","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/23\/nbe-earns-usd-12-bn-from-foreign-exchange\/"},"modified":"2017-08-23T03:57:16","modified_gmt":"2017-08-23T03:57:16","slug":"nbe-earns-usd-12-bn-from-foreign-exchange","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/23\/nbe-earns-usd-12-bn-from-foreign-exchange\/","title":{"rendered":"NBE earns USD 12 bn from foreign exchange"},"content":{"rendered":"<p>The National Bank of Egypt has earned north of USD 12 bn from foreign exchange since 3 November, Vice Chairman Yahia Aboul Fotouh <a href=\"https:\/\/dailynewsegypt.com\/2017\/08\/21\/nbes-total-foreign-exchange-earnings-exceed-12bn-vice-chairperson\/\">tells Daily News Egypt<\/a>. This week saw the bank launch the first two branches of its foreign exchange bureau, Al-Ahli Exchange Company, with EGP 200 mn in issued capital and EGP 50 mn in paid-up capital. NBE plans to add 30 branches to its network over the coming two years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The National Bank of Egypt has earned north of USD 12 bn from foreign exchange since 3 November, Vice Chairman Yahia Aboul Fotouh tells Daily News Egypt. This week saw the bank launch the first two branches of its foreign exchange bureau, Al-Ahli Exchange Company, with EGP 200 mn in issued capital and EGP 50 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9298],"tags":[2372,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-642862","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"e2a218dc-1411-4688-b2c4-e45f0622dfd9","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[642823],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>NBE earns USD 12 bn from foreign exchange - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/23\/nbe-earns-usd-12-bn-from-foreign-exchange\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NBE earns USD 12 bn from foreign exchange\" \/>\n<meta property=\"og:description\" content=\"The National Bank of Egypt has earned north of USD 12 bn from foreign exchange since 3 November, Vice Chairman Yahia Aboul Fotouh tells Daily News Egypt. This week saw the bank launch the first two branches of its foreign exchange bureau, Al-Ahli Exchange Company, with EGP 200 mn in issued capital and EGP 50 [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/23\/nbe-earns-usd-12-bn-from-foreign-exchange\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-08-23T03:57:16+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/23\/nbe-earns-usd-12-bn-from-foreign-exchange\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/23\/nbe-earns-usd-12-bn-from-foreign-exchange\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"NBE earns USD 12 bn from foreign exchange\",\"datePublished\":\"2017-08-23T03:57:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/23\/nbe-earns-usd-12-bn-from-foreign-exchange\/\"},\"wordCount\":75,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"BANKING + FINANCE\",\"EnterpriseAM\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/23\/nbe-earns-usd-12-bn-from-foreign-exchange\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/23\/nbe-earns-usd-12-bn-from-foreign-exchange\/\",\"name\":\"NBE earns USD 12 bn from foreign exchange - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-08-23T03:57:16+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/23\/nbe-earns-usd-12-bn-from-foreign-exchange\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/23\/nbe-earns-usd-12-bn-from-foreign-exchange\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/23\/nbe-earns-usd-12-bn-from-foreign-exchange\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"NBE earns USD 12 bn from foreign exchange\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"NBE earns USD 12 bn from foreign exchange - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/23\/nbe-earns-usd-12-bn-from-foreign-exchange\/","og_locale":"en_US","og_type":"article","og_title":"NBE earns USD 12 bn from foreign exchange","og_description":"The National Bank of Egypt has earned north of USD 12 bn from foreign exchange since 3 November, Vice Chairman Yahia Aboul Fotouh tells Daily News Egypt. This week saw the bank launch the first two branches of its foreign exchange bureau, Al-Ahli Exchange Company, with EGP 200 mn in issued capital and EGP 50 [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/23\/nbe-earns-usd-12-bn-from-foreign-exchange\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2017-08-23T03:57:16+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/23\/nbe-earns-usd-12-bn-from-foreign-exchange\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/23\/nbe-earns-usd-12-bn-from-foreign-exchange\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"NBE earns USD 12 bn from foreign exchange","datePublished":"2017-08-23T03:57:16+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/23\/nbe-earns-usd-12-bn-from-foreign-exchange\/"},"wordCount":75,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["BANKING + FINANCE","EnterpriseAM"],"articleSection":["Banking + Finance"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/23\/nbe-earns-usd-12-bn-from-foreign-exchange\/","url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/23\/nbe-earns-usd-12-bn-from-foreign-exchange\/","name":"NBE earns USD 12 bn from foreign exchange - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2017-08-23T03:57:16+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/23\/nbe-earns-usd-12-bn-from-foreign-exchange\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2017\/08\/23\/nbe-earns-usd-12-bn-from-foreign-exchange\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/23\/nbe-earns-usd-12-bn-from-foreign-exchange\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"NBE earns USD 12 bn from foreign exchange"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":624989,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/24\/nbe-increases-exchange-arm-capital-to-egp-125-mn-from-egp-50-mn\/","url_meta":{"origin":642862,"position":0},"title":"NBE increases exchange arm capital to EGP 125 mn from EGP 50 mn","author":"enterpriseam admin","date":"24 September 2018","format":false,"excerpt":"The National Bank of Egypt (NBE) is raising the capital of its foreign exchange arm to EGP 125 mn from EGP 50 mn, Al-Ahly Exchange Company Chairman Abdel Meguid Mohie El Din tells Al Shorouk. The capital increase is in line with plans to increase the number of the company\u2019s\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":578632,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/09\/newly-introduced-25-cds-see-massive-demand-in-first-two-days-big-two-bag-usd-700-mn-facility\/","url_meta":{"origin":642862,"position":1},"title":"Newly introduced 25% CDs see massive demand in first two days + Big Two bag USD 700 mn facility","author":"enterpriseam admin","date":"9 January 2023","format":false,"excerpt":"The newly released 25% certificates of deposit have raked in almost EGP 100 bn in a matter of days \u2014 and the two state banks offering them have reportedly secured a major loan to meet local demand for hard currency.Savers poured nearly EGP 100 bn into newly introduced record-high yield\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/113.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":613765,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/21\/nbe-becomes-the-latest-bank-to-cut-credit-card-fx-limits\/","url_meta":{"origin":642862,"position":2},"title":"NBE becomes the latest bank to cut credit card FX limits","author":"enterpriseam admin","date":"21 January 2024","format":false,"excerpt":"The cuts come amid a push by the central bank to curb FX spending","rel":"","context":"In &quot;Banking&quot;","block_context":{"text":"Banking","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/banking\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1662.jpeg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":573235,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/26\/nbe-manages-egp-3-5-bn-joint-loan-for-ezz-steel\/","url_meta":{"origin":642862,"position":3},"title":"NBE manages EGP 3.5 bn joint loan for Ezz Steel","author":"enterpriseam admin","date":"26 July 2020","format":false,"excerpt":"The National Bank of Egypt (NBE) is managing a EGP 3.5 bn joint loan for the Ezz Steel Group to increase its working capital, Al Shorouk reports, citing unnamed informed sources. NBE, the AAIB, Banque Misr and Banque du Caire are all participating in the loan. The steel company is\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":650124,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/el-sewedy-cement-receives-egp-650-mn-from-nbe-qnb-for-cement-license\/","url_meta":{"origin":642862,"position":4},"title":"El Sewedy Cement receives EGP 650 mn from NBE, QNB for cement license","author":"enterpriseam admin","date":"16 March 2017","format":false,"excerpt":"The National Bank of Egypt and Qatar National Bank provided a EGP 650 mn bridge loan to Elsewedy Cement to finance its new factory, sources tell Al Mal. A EUR 14 mn tranche of the loan will be provided in foreign currency. The loan is meant to hold them over\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":601120,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/19\/nbe-to-loan-out-egp-6-bn-by-june-egp-600-mn-for-natgas-projects\/","url_meta":{"origin":642862,"position":5},"title":"NBE to loan out EGP 6 bn by June, EGP 600 mn for natgas projects","author":"enterpriseam admin","date":"19 February 2019","format":false,"excerpt":"The National Bank of Egypt (NBE) is planning to loan out EGP 6 bn to its retail customers by June, bringing the total loan portfolio to EGP 65 bn, retail risk group head Karim Soos told Al Mal. NBE will also finance EGP 600 mn-worth of projects converting homes and\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/642862","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=642862"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/642862\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/642823"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=642862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=642862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=642862"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=642862"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=642862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}