Since its establishment, NSGB has offered Commercial, Merchant & Investment Banking Services.

Traditionally, NSGB focused on Corporate banking with large corporate clients but has additionally developed its Investment banking capabilities with the strong support of Société Générale worldwide. Recently NSGB began to focus on Retail banking (Individual Banking) and is now considered the largest foreign Bank in Egypt in this field.

NSGB is fully committed to offer high quality standards throughout its distinguished products & services. Our guideline is our six golden rules:

 

  1. Favor quality service to customers
  2. Cultivate our professionalism
  3. Uphold our professional solidarity
  4. Combine collective achievement & Individual accomplishment
  5. Work towards growth & profitability
  6. Be a visionary & focus.

NSGB aims at being the First Choice Bank in:

  Individual Banking
  Corporate Banking
  Investment Banking

Individual Banking

Network Expansion Efforts:

During the year 2006, NSGB was able to finalize the legal merger with MIBank which is considered a major step to fulfill NSGB’s expansion plan in Egypt. In 2006, NSGB continued to strengthen its retail activities and expand its presence in more governorates such as Suez, Zagazig and Damietta to reach its clients all over Egypt. With this expansion, the growing branch network reached 96 branches at the end of 2006. On the other hand, the automated service network also expanded to reach 210 ATMs available 24 hours a day, 7 days a week.  

New Products and Stronger Client Approach:

Applying NSGB model throughout its newly acquired branches network proved successful in attracting new clients, thereby reaching a total base of approximately 400 000 individual clients. Being fully committed to gain customer satisfaction and contentment, NSGB successfully launched new products and services aiming for both increasing existing customer loyalty and expanding its client base. Among these new products and services launched in 2006 were:

  • “Themar” Daily Cumulative Money Market Fund: Investing in secure vehicles such as treasury bills and bonds, banks deposits and saving certificates, Themar provides daily liquidity by calculating a daily cumulative return on investments. With strong marketing efforts and widespread network, Themar (launched in September, 2006) doubled its initial size of 100 million EGP within 2 weeks of launching and reached 1.2 billion EGP at the end of the year.

  • Al Nokhba: It is a long term life insurance investment plan in USD up to 10 years, offering one of the highest returns in the market.

  • New Chip Enabled Credit Card: providing a higher level of security and protection on all financial transactions, in addition to many other benefits specially tailored to meet NSGB cardholders’ expectations.

  • 24/7 Call Center Support: with live agents ready to receive calls round the clock for any inquiry and for card support.

  • Special promotions: including special offers for Valentine’s Day and Mothers’ day. In addition, NSGB concluded several deals with different outlets to issue the 2006 discounts booklet for VISA Cardholders, which had more variety of partners compared to 2005. NSGB also continued to expand the presence of its Youth Offer YO! through several events in key universities.

 

A focus on cross-selling opportunities :

These promotions coupled with a strong marketing plan enabled the bank to increase its performance in comparison with the previous year. With a larger client base and a wider range of product offering, the bank was able to attain a level of retail client deposits of 13.575 Billion EGP at the end of 2006. With the efforts of the branches, the total loans portfolio increased by 76.2% at the end of 2006 compared to 2005.

At the same time, NSGB will continue its strategic expansion plan in both its delivery channels and its diversified products and service offerings to meet customers’ financial needs and reach their utmost satisfaction.

 

Retail Banking Products and Services: 

Deposits and Accounts:

- Current Account (local and foreign currencies)
- Checking Account (local and foreign currencies)
- Savings Account (local and foreign currencies)
- Minor Savings Account
- Themar: NSGB’s Daily cumulative money market fund
- Time Deposits (local and foreign currencies)
- Certificates of Deposit in local currency:

  • Fixed Rate 3, 5, 7 and 10 years.

  • Cumulative 5 and 7 years.

 

Loans and Credit Facilities:                   

- Cash Loan     
- Car Loan                                  
- Durable Goods Loan              
- Education Loan
- Speed Loan
- Espresso Loan (facilities against NSGB CDs or TDs)
- Real Estate Loan
- Salary Advance and CD Interest Advance

 

Electronic Banking Services:

 - FonaBank (Phone banking)
- PortaBank (Mobile banking)
- NetaBank (Internet banking)
- Email@Bank (E-mail banking)

 

Services:

- Flash Card (ATM card)
- NSGB  VISA Electron (Debit Card)
- NSGB VISA Credit Card (VISA Classic and VISA Gold)
- NSGB VISA Internet Card
- Salary Card (NSGB’s and government payroll card)
- ECDI Card (to withdraw fixed CD interest rate from NSGB ATMs)
- Hewalty Card
- Automatic Transfer
- Safe Deposit Boxes
- MoneyGram (money transfer service)

 

Packages:

- Safwa
- Youth Offer YO!


Life Insurance Savings Plans and Protection Products:

Through NSGB Life Insurance Company
- AlRafiq Graduation Savings Plan
- AlRafiq Wedding Savings Plan
- AlRafiq Project Savings Plan
- AlRafiq Retirement Savings Plan
- Al Nokhba: a Savings Plan in US Dollars
- Accidental Coverage Insurance
- Economical Life Insurance
- Borrowers Insurance Contracts

 

Corporate Banking

 In 2006, NSGB Corporate Banking Division continued its prolonged  efforts to consolidate its presence in the Egyptian with special focus on diversity and wide coverage which contributed to the bank’s overall growth and profitability.

The successful merger of the corporate banking management of NSGB and ex-MIB has further consolidated NSGB’s market leadership. 

NSGB’s success is attributed to combination and integration of multiple factors all of which worked to maintain and expand its clients base and solid market presence. These factors include;

  • Innovation and strong execution capabilities.
  • Diversity in product range and coverage of key industries and sectors in the market.
  • Diversified Branch network and wide geographical coverage.
  • Integrated financial services and full synergy with NSGB’s affiliated specialised. companies which places NSGB as one of the unique universal banks in the market.
  • Strong support and continued cooperation with Societe Generale Group.

By combining innovation, diversified product range and strong execution capabilities, NSGB developed high value added tailored made solutions which enabled NSGB to maintain its long- standing corporate relationships with all of the leading local and multinational corporate operating in Egypt.  

While NSGB offers its clients classical working capital credit facilities, its diversified product range is extended to include structuring of medium and long term loans to address capital expenditures and investments requirements. NSGB has been an active player and a leader in almost all of the Complex Deal financing in the local market demonstrating strong innovative spirit and advances capabilities tailored to meet specific needs and market conditions. 

In addition, the wide coverage of key industries and sectors in the Egyptian market and the geographical presence in most of the major active cities through its diversified branch network allowed NSGB reach wide range of customers, and to build and maintain solid relationship with its clients. 

To serve its Corporate clients more, and as demonstration of its commitment to continuously diversify and upgrade its services, NSGB and its affiliated specialized companies (e.g. leasing, life insurance, car fleet management, Themar fund management), continued to offer the market integrated universal solutions.  

The coming period is planned to witness more innovative solutions and advanced services to NSGB’s clients as new products that are under development with Soceite Generale Group are being launched including upgrading internet banking, cash management, and asset management.

Investment Banking

This business area covers the bank's entire range of counseling and trading operations in securities, foreign exchange, money market instruments, acquisitions, and Egypt's privatization program. We also offer securities lending, custody services, and capital market deals. Our mission is twofold: first, to gear these services to our customers' specific requirements; second, to provide customer advisors with the professional support they need to score successes in the field of investment counseling, asset management, and corporate finance. As usual, we continued our drive to offer a more focused range of services, adhering to our governing principle of tailoring products to individual customer requirements.