Overview
In 2007, National Bank of Kuwait (NBK) - the best bank in the Middle East and highest rated by international rating agencies - acquired AWB to start operations in Egypt for the first time, which marks a new milestone in the regional expansion of NBK.
After the acquisition in 2007 NBK kept the bank’s name as AWB, only adding “A Subsidiary of NBK Group” to the logo, until mid-2014 when the bank name and logo changed to NBK.
When the bank was acquired by NBK its number of branches was 24, soon after the acquisition NBK adopted a strategic expansion plan which increased the number of branches to reach 52 branches and a total number of 150 ATMs in 2020, which are all strategically located in the most vibrant spots across the country, from Cairo and Alexandria, to Giza, Mansoura and Sohag.
Since the acquisition, the bank managed to secure loans for thousands of big and small investors and institutional clients, a fact reflected in its increasing performing loan portfolio.
Based in Egypt, with a large branch network across the country, we understand entirely the challenging needs of individuals and aspiring businesses, and the change involved to remain one step ahead in today’s rapidly evolving markets
NBK Egypt's parent, National Bank of Kuwait, was established in 1952 as Kuwait's first indigenous bank. The NBK Group network comprises 150 branches, subsidiaries and representative offices in 15 countries on four continents, eight of them in the Middle East. The NBK Board sets the professional standards and corporate values that promote integrity across the group.
The group publishes economic research covering Kuwait and beyond, as well as daily, weekly and indicative treasury reports on money market rates. It also releases sustainability reports and ESG policies alongside its interim and annual financial reports.
