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Sunday, 10 July 2016

NBE signs cooperation protocol with Principal Bank for Development and Agricultural Credit

The National Bank of Egypt (NBE) signed a cooperation protocol with the Principal Bank for Development and Agricultural Credit (PBDAC) allowing each bank to serve the other’s clients, Daily News Egypt reported on Tuesday. The protocol relies on the widespread network of both banks, and enables NBE to install ATM machines at PBDAC’s 1,210 branches, said NBE Chairman Hisham Okasha. PBDAC will offer prepaid remittances card service, he added. Additionally, PBDAC will be able to receive personal loan instalments and credit card payments from NBE customers, said Okasha.

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