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NIB

National Investment Bank settles 90% of historical financial entanglements worth EGP 298.8B

The progress was announced during a board meeting chaired by Planning and Economic Development Minister and NIB Chairman Ahmed Rostom to review the final stages of the settlements and approve the bank’s restructuring plan.

Egypt pushes NIB restructuring to boost public investment efficiency

The minister said the restructuring aims to maximize the bank’s role in supporting the implementation of Egypt’s economic and social development plan, while improving the management and allocation of public investments.

Egypt to resolve financial entanglements bet. NIB & Egypt post

This collaborative effort is anticipated to yield substantial benefits for the national economy, aligning with the directives of Prime Minister, Mostafa Madbouly.