In recognising NSGB for the award of "Best Bank in Egypt", Euromoney Editor Clive Horwood highlighted how, "despite the turmoil seen in the country over the last year NSGB has managed to post favourable financials, with increases to net income (+11%) and deposits (+3%), along with a reduced NPL ratio (-0.4%) - impressive numbers considering the conditions that the bank was operating under."
Mohamed El-Dib, NSGB Chairman & Managing Director stated that, "this award reflects the trust of our clients and is the result of the prudent and firm strategy adopted and followed by the Bank in steps throughout the year. It is the great effort and dedication of all employees that qualified NSGB to win this well-deserved prize." He also clarified that, " despite the difficult circumstances that our country is facing currently, we have succeeded, with the strong support of Societe Generale Group, in strengthening our organization and developing our banking products and services offered to our clients. In addition, we focused on Retail Banking and small and medium enterprise that contributed in an effective way on our growth and profitability."