National Bank of Egypt intends to invest five billion LE this year

The National Bank of Egypt, the largest government bank in Egypt, intends to invest up to five billion LE during 2024 in new projects and expand some currently existing ones, according to the CEO of Investments and Investment Trustees of the bank Ahmed al-Saeed during his talk with Al-Sharq.

Saeed explained that new investments will be directed to six projects, of which LE300 million will be pumped to expand into companies the bank invests in by increasing their capital.

The bank’s chief investment officer told Al-Sharq: “These new investments will be in the sectors of financial technology, real estate development, chemical industries, and engineering industries.”