Fact Sheet for National Bank for Development

Country: EGY

Contact: National Bank For Development 5A El Borsa El Gedida St. Cairo Egypt Phone: (2) 339-28849

Management: Chairman of the Board and Managing Director Ali I. Shaker

Homepage: http://www.nbdegypt.com

Comments: National Bank for Development is an Egyptian shareholding company that provides a range of financial and banking services. The Company is principally engaged in commercial banking, investment activities, project financing, Islamic banking and microfinance activities. Moreover, the Company provides a variety of saving instruments, such as saving accounts and Islamic investment saving accounts. National Bank for Development has a network of 68 branches across the country, in addition to a representative office in Nasr City, Egypt.

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National Bank For Development Changes Name To Abu Dhabi Islamic Bank-Egypt

The National Bank for Development has changed its name to Abu Dhabi Islamic Bank – Egypt on April 3rd, 2013.The bank announced in a statement that the new name has been registered in the Central Bank of Egypt's (CBE) records and in the Commercial Registry ... [Published Masress.com - May 14 2013]

Entities: Abu Dhabi Islamic Bank, National Bank for Development, Egypt

First reported May 10 2013 - Updated May 10 2013 - 1 reports

EGYPT: Abu Dhabi Islamic Bank-Eqypt makes its first ever profit in the first quarter

EGYPT: Abu Dhabi Islamic Bank-Egypt, previously known as the National Bank for Development, has registered its first profit since the 2007 merger; charting a net profit leap of EGP109 million (US$15.62 million) in the first quarter to EGP11.4 million ... [Published Islamic Finance News - May 10 2013]

Entities: Abu Dhabi Islamic Bank, Egypt, National Bank for Development

First reported May 09 2013 - Updated May 09 2013 - 1 reports

Abu Dhabi Islamic Bank

ADIB -Egypt achieves profit first time since 2007

The Q1 financial results for Abu Dhabi Islamic Bank - Egypt (ADIB - Egypt- previously the National Bank for Development) revealed that the bank has achieved profit for the first time since the Emirati consortium acquired the bank in 2 ... [Published CPI Financial - May 09 2013]

Entities: Egypt, National Bank for Development, Abu Dhabi Islamic Bank

First reported May 01 2013 - Updated May 01 2013 - 1 reports

BNDES Brazilian Development Bank

Brazil plans to invest $28bn in ports by 2016

Rio de Janeiro: Brazil plans to invest $28nn by 2016 in the port sector, according to Luciano Coutinho, president of the National Bank for Development (BNDES).At present, Brazilian ports are facing congestion and increasing demand capacity. To meet these ... [Published Seatrade Global - May 01 2013]

Entities: Brazil, Ports, BNDES Brazilian Development Bank, National Bank for Development, Luciano Coutinho

First reported Apr 23 2013 - Updated Apr 23 2013 - 1 reports

Lenders Ask KIMA To Convert Capital To Foreign Currency

After approving to raise its capital to EGP 1.5 billion, the Egyptian Chemical Industries Company (KIMA) is asked again by the five lenders to convert its capital from local to foreign currency, creating a new obstacle to secure the US$ 423 million l ... [Published Masress.com - Apr 23 2013]

Entities: Banque Misr, National Bank for Development, Egyptian Chemical Industries, Ministry of International Cooperation

First reported Apr 19 2013 - Updated Apr 19 2013 - 1 reports

Islamic Development Bank

KIMA Negotiates With Arab Banks to Fund Its New Factory

The Egyptian Chemical Industries Company (KIMA), has started a series of negotiations and meetings with a number of Arab banks in order to provide the financial sources for implementing its new factory in Aswan and establishing a new factory for producing ... [Published Masress.com - Apr 19 2013]

Entities: Islamic Development Bank, Egyptian Chemical Industries, National Bank for Development, Ministry of Planning and International Cooperation, Arab Banking Corporation

First reported Apr 15 2013 - Updated Apr 15 2013 - 1 reports

ADIB Egypt narrows losses to EGP 855 million in 2012

Abu Dhabi Islamic Bank Egypt (formerly National Bank for Development) reported a net income loss of EGP 855 million, including EGP 492 million after tax impact to close the provisions gap two years ahead of schedule. ... [Published CPI Financial - Apr 15 2013]

Entities: Egypt, National Bank for Development, Abu Dhabi Islamic Bank

First reported Apr 15 2013 - Updated Apr 15 2013 - 1 reports

Abu Dhabi Islamic Bank ADIB - Egypt (Former National Bank for Development) Announces Financial Results for 2012

Nevine Loutfy: "Despite the challenges of the political and economic conditions the bank's business performance indicators were encouraging"Final Payment of EGP 956 Million to Cover Provisions Gap Two Years Ahead of ScheduleCairo - April 15th, 2013 - ... [Published Zawya.com - Apr 15 2013]

Entities: Abu Dhabi Islamic Bank, National Bank for Development, Egypt