National Real Estate Bank for Development (DEVE)

Posted on Saturday, July 4, 2009 at 2:44pm.

5A El Borsa El Gedida St. Cairo, Egypt

P.O. Box Not Available

Phone No.  20 2 33928849

Fax No. 20 2 33905681

Chairman Khamis Mohamed Buharoon

CEO or MD  Nevien Ibrahim Mahmoud Lotfi

Name of External Affairs or Press Contact  Not Available

National Bank for Development (NBD) is an Egyptian shareholding company that provides a range of financial and banking services. The Bank 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. NBD operates through its head office in Cairo and a network of 70 branches and regional offices across Egypt. The Bank has investment stakes in subsidiaries and associates engaged in different business sectors, such as Real Estate Company for National Banks (53.91%), National Company for Trade and Development (40.29%), Cairo Investment & Securities Co., Al Sharqia National Trading & Development (24.75%) and others.