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 development projects in
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, the NBD established 16 regional banks distributed among the different governorates. In 1993 all regional banks merged with NBD which is currently providing its banking services through 68 Commercial Branches out of which 19 are Islamic branches
NBD & SAIB to launch a new Islamic fund.
One of the largest Emirate financial institutions offers the acquisition of NBD
NBD transferred Itsa Branch .
NBD transferred Demiatta Islamic Branch.
NBD Opened a new branch in Fakous City
NBD opens five new Microfinance units.
Strategic Alliance between NBD & CIL.
Loan Funding Agreement ( NBD & SFD).
Loan Funding Agreement ( NBD & CIB).
New Saving Certificate.
NBD was the first bank in Egypt to enter the field of Microfinance seventeen years ago.
NBD has maintained a successful track record in this vital, lucrative domain over the years.
Renowned international organizations
such as The World Bank and UNDP have recognized the Bank as a role model in the field.
A Strategic Alliance Agreement with the Commercial International Life Insurance Company (CIL) has been executed recently, allowing NBD to offer a full range of insurance products and services
through its various branches and thus tapping the Bank Assurance market.