The Banking Executive Magazine - July 2023 Issue

National Bank of Egypt National Bank of Egypt REPORTS OVER 14MLN WITHDRAWALS WORTH $1.14BLN THROUGH ATMS IN 14 DAYS The National Bank of Egypt (NBE) re- vealed that its ATMs achieved un- precedented exchange rates during the period from 18 June to 1 July 2023, as they exceeded EGP 35.5bn through more than 14 million with- drawals, coinciding with the dis- bursement of salaries and the Eid Al-Adha holiday. The bank stated, in a statement, the same day the bank celebrated the 125th anniversary of its founding, as the number of withdrawals amounted to more than 1.6 million, at a value of EGP 4.22bn. It indicated that it was keen to feed all his ATMs, which are spread throughout the Republic, at excep- tional rates to meet the needs of citi- zens for cash 24 hours a day, in order to ensure the implementation of withdrawals that citizens need throughout the holidays with ease. The National Bank of Egypt also pro- vided mobile ATMs in some coastal cities, including the North Coast, Alexandria, Ras Sidr, Matrouh, Mousa Coast, and Ain Sokhna. It is worth noting that the National Bank of Egypt has the largest network of ATM machines, which amounts to 6,700 machines spread all over the Republic. According to the bank, EGP 40m were disbursed through 24,000 with- drawals from the Cash Away service, which is available at a number of points of sale affiliated to the bank at a number of gas stations and major supermarkets. ISSUE 175 JULY 2023 the BANKING EXECUTIVE 15