National Bank of Kuwait NBK Egypt

The National Bank of Kuwait (NBK) acquisition of Al Watany Bank of Egypt (AWB) in 2007 was a strategic alliance with exceptional capabilities and resources that provided the Bank with unique access to the region’s most vibrant segments in an increasingly competitive banking environment.

Since the acquisition the Bank has been dedicated to building a sustainable energetic future for clients and corporations operating in Egypt and the Middle East.

In addition to that, NBK Egypt 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.

NBK Egypt has been known as ‘The Bank You Know And Trust’. Thanks to the recognized excellence of its very stable management along with its unequivocal strategy, consistent profitability, high asset quality and strong capitalization, NBK Egypt, throughout the years, succeeded in building an advanced banking institution that offers a full spectrum of innovative and unrivalled financial and investment services and solutions to individuals, corporate and institutional clients.

Vision & Mission
Our Vision

The NBK vision is to be the trusted bank of choice, building on our core values, people and expertise.

Our Mission

To deliver world-class products and the highest quality service to our customers.

To attract, develop and retain the best banking talent in the region.

To support the communities in which we operate.

To adhere to our core values of passion, integrity, conservatism and knowledge.

In following our mission, we believe that we will be able to achieve consistently superior returns to our shareholders.

History
In 2007, Egypt witnessed substantial economic growth accompanied by a significant change in the business environment. The implementation of structural frameworks, and the rapid flow of foreign investments led to remarkable Egyptian economic prosperity and contributed to attracting a large number of international and regional financial institutions to operate in Egypt. In light of these favorable conditions, National Bank of Kuwait, one of the top rated banks in the middle east according to the international rating agencies, concluded the acquisition of Al Watany Bank of Egypt (AWB), thereby launching its operations for the first time in Egypt, marking a new turn in its regional expansion strategy.

Al Watany Bank of Egypt (AWB) was established in 1980, based on the long-term vision of several reputable Egyptian businessmen, under the Law No. (93) of 1974. At the time of the acquisition, Al Watany Bank of Egypt (AWB) was successfully progressing and making steady steps in the promising economy that the country was through at that time, and gradually began to gain a good reputation as a leading bank in the field of banking services provided to SMEs in the market. After the acquisition, Al Watany Bank of Egypt (AWB) kept its name by adding “a subsidiary of NBK Group” to the bank’s slogan. This name continued until the first half of 2014 when it was finally changed to National Bank of Kuwait-Egypt.

In 2008, the capital of National Bank of Kuwait – Egypt was increased to one billion Egyptian Pounds. At the time of the acquisition, the total number of branches of Al Watany Bank of Egypt (AWB) was 24, and soon after a strategic expansion plan, it increased the number of branches to 53 in 2022, expanding in strategic locations at the most vital areas in the Country, including Cairo, Giza, Alexandria, Mansoura, Damietta, Port Said, Assiut and Sohag.

In 2021, the paid-in capital of National Bank of Kuwait – Egypt was increased to five billion Egyptian Pounds, pursuant to Article (64) of Law No. (194) of 2020 on the Central Bank of Egypt and The Banking Sector.