Egypt's SCZone posts record EGP 11.6b revenue in FY24/25    Egypt to begin second phase of universal health insurance in Minya    Madrid trade talks focus on TikTok as US and China seek agreement    Egypt hosts 4th African Trade Ministers' Retreat to accelerate AfCFTA implementation    Egypt's Investment Minister, World Bank discuss strengthening partnership    El Hamra Port emerges as regional energy hub attracting foreign investment: Petroleum Minister    Power of Proximity: How Egyptian University Students Fall in Love with Their Schools Via Social Media Influencers    Egypt wins Aga Khan Award for Architecture for Esna revival project    Egypt's Sisi, Qatar's Emir condemn Israeli strikes, call for Gaza ceasefire    EHA launches national telemedicine platform with support from Egyptian doctors abroad    Egypt's Foreign Minister, Pakistani counterpart meet in Doha    Egypt condemns terrorist attack in northwest Pakistan    Emergency summit in Doha as Gaza toll rises, Israel targets Qatar    Egypt advances plans to upgrade historic Cairo with Azbakeya, Ataba projects    Egyptian pound ends week lower against US dollar – CBE    Egypt hosts G20 meeting for 1st time outside member states    Lebanese Prime Minister visits Egypt's Grand Egyptian Museum    Egypt to tighten waste rules, cut rice straw fees to curb pollution    Egypt seeks Indian expertise to boost pharmaceutical industry    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt, Huawei explore healthcare digital transformation cooperation    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



NBE and PBDAC sign cooperation protocol to serve clients of both banks
This protocol will enable the NBE to install ATM machines at PBDAC branches in towns where the NBE currently lacks presence
Daily News Egypt Published in Daily News Egypt on 05 - 07 - 2016

A protocol of cooperation was signed today between the National Bank of Egypt (NBE) chairperson, Hisham Okasha, and the Principal Bank for Development and Agricultural Credit (PBDAC), chairperson, El-Sayed El-Kosayer in order to serve the clients of both banks and achieve financial inclusion. The cooperation relies on the widespread branch network of the NBE (373 branches) and the PBDAC (1,210 branches).
The signing ceremony was attended by NBE deputy chairperson Yehia Aboul Fotouh, NBE head of Retail Banking and SMEs Hazem Hegazy, PBDAC branch heads, as well as PBDAC marketing and IT sector officials.
Okasha said the protocol will enable the NBE to install ATM machines at PBDAC branches in villages and towns where the NBE currently lacks presence. He added that the PBDAC will begin offering a prepaid remittances card service to allow carry-out cash withdrawal and deposit through these cards.
This protocol will also allow the PBDAC to receive personal loan instalments and credit card payments from NBE customers. Moreover, PBDAC branches will be able to conduct deposits, withdrawals, and remittance payment services for clients using phone banking.
El-Kosayer said the Egyptian banking system operates under an integrated system designed to serve customers through the exchange of experiences and the use of technical capabilities and human capacity to maximise added value.
He added that the PBDAC operates within the framework of a comprehensive plan for developing and diversifying the services offered to customers who are farmers through the use of its geographical spread.
Hegazy noted that the cooperation will benefit clients of both banks and attract new customers, which would contribute towards achieving financial inclusion.

Clic here to read the story from its source.