NBD



		National Bank for Development (NBD) was incorporated in June 1980 as a Commercial Bank with a capital of L.E 50 million . NBD's Authorized Capital has been raised to L.E. 500 million and the paid up capital to L.E 281.9 million. NBD participated in the economic development operations in Egypt on the private sector's level through establishing and financing the development projects in the different economic sectors .The Bank started its activities with 13 branches out of which two were Islamic. Towards the implementation of regional development goal on both the social and economic levels, NBD established 16 regional banks distributed among the different governorates. The total capital of such banks reached L.E. 32 million . NBD participated in these banks by 50% and it provides its banking services through 68 commercial branches out of which 19 are Islamic branches. In accordance with the international trends of encouraging the establishment of big entities, and due to the Bank's keenness to support its regional banks to spread banking services, the regional banks merged with NBD on 31/12/1992 .



		NBD established and participated in a large group of companies covering the different economic sectors (Industrial, Food security, Housing, Stock Market, Tourism & Services). NBD took part in the establishment of 73 joint companies, with a capital exceeding L.E. 1400 million and with a labor force of around 3000 employees, creating job opportunities and encouraging local investments.