The Board of Directors of the National Bank of Egypt (NBE) has decided to appoint Tarek Amer as a Managing Director of NBE’s subsidiaries in(UK), the successor to Mr. Kazem Hassan Barakat, who took over the position for more than 30 years.
Amer was the previous Chairman and deputy for NBE, he has long experience in the banking sector, he chaired the board of directors of NBE until the last January 2013 and he was the chairman of Federation of Egyptian Banks along with the Governor of the Central Bank of Egypt (CBE), but he resigned from NBE on 14th January 2013.
It is worth mentioning that National Bank of Egypt (UK) Limited is a wholly owned subsidiary of National Bank of Egypt (NBE), the largest and oldest bank in Egypt, with total assets of US $21Bn, it is also one of the largest banks in Africa and the Middle East.
NBE (UK) Ltd commenced trading as an authorized institution under the UK Banking Act 1987 (superseded by the Financial Services and Markets Act of 2000) in December 1992, and was set up in order to take over the operations of 2 London branches of NBE (UK) Ltd, established in 1982. The Bank provides general banking services in the UK and worldwide.
