NBD

A Consortium - comprising of Abu Dhabi Islamic Bank & Emirates International Investment Co. has finalized the acquisition process by which it acquired (51.29%) of NBD’s shares.

The General Assembly meeting on Sept 3rd 2007 approved the increase of the authorized capital to LE. Two Billion and the increase of the paid -up capital to LE. One Billion. by the end of this year DEC. 31st 2007 & reformed the board of directors.

NBD is continuing its successful Microfinance program. The bank is presently in the process of opening four additional units in PortSaid, Nagaa Hamadi, Gerga, Ebshway during 2007, thus increasing the number of such units to 42.

One of the largest Gulf bank has received the Central Bank of Egypt & NBD Board of Directors’ approval to conduct a financial & legal due diligence for the National Bank for Development (NBD) for a possible takeover bid consideration.000000000000000000000000000000000 This is the 2nd Bank in addition to One of the largest Emirate financial institution previously received CBE approval to conduct due diligence.

NBD has participated in a syndicated Loan for L.E.1 billion led by Commercial Int'l Bank- Egypt to Misr Beni Suef Cement Co., to finance the installation of a second clinker production line.

NBD and Société Arabe Internationale de Banque ( SAIB ) launched a new islamic fund "Sanabel" For EGP 100 million.The fund will adhere to Islamic rules with a Fatwa Committee that decides on investment options.

NBD has recently signed a new agreement with “National Gas Co.” to provide finance in the amount of 162 million EGP to 108 thousand household participants for the supply, installation and delivery of natural gas service in a number of cities and centers of El Sharkiya governorate.

NBD has transferred the location of its Islamic branch Damietta to a new location in Abdel Aal Helmy St. - Damietta city – Damietta Governorate effective October 30, 2005.

National Bank for Development (NBD) has signed an agreement with Commercial International Life Insurance Company (CIL) to formally launch their Strategic Alliance. This Alliance allows NBD to offer a comprehensive specialized range of Banc assurance products to its retail customer at a time when there is a growing demand for customized financial planning solutions from Egyptian consumers. The Alliance has been launched primarily in 5 branches of NBD to be expanded to other branches by the beginning of 2005. continuing its successful

NBD transferred the location of its branch Itsa to a new location in Abu Bakr El Sedeek Street - Itsa city – Fayoum Governorate effective July 16 , 2006 .

NBD continuing its policy in expansion and circulation , the bank opened a new branch in Fakous city – Sharkia Governorate effective on Sunday June 4th, 2006 with the continuity of work in San El Hagar Branch as a subsidiary of Fakous Branch.

FAKOUS BRANCH:

81, Sa’ad Zaghloul St., - Fakous City, Sharkia Governorate

NBD has signed an agreement with the Social Fund for Development granting
NBD a reimbursable loan for the amount of L.E.25 million.
The purpose of the fund is to promote the supply of financial services to micro business.

NBD has signed an agreement with the Commercial International Bank granting
NBD a reimbursable credit line for the amount of L.E.18,600,000.00 million.
The fund purpose is to promote the supply of financial services for micro business.

A certificate specially innovated for the ( NBD ) customers of microfinance, and micro entrepreneurs engaged in micro business.
It provides you with the following benefits:
8% fixed interest rate.
Maturity date after 5 years, category L.E.25.
Can be redeemed after the first 6 months according to the redemption tables.
Regular draw twice a year for a prize of L.E.1,000.00 net.