NBK-Egypt launches SAP Corporate Banking Solution

Updated 4/19/2021 11:35:00 AM

ArabFinance:  National Bank of Kuwait – Egypt (NBK-Egypt) (NBKE) launched SAP Corporate Banking Solution, in partnership with MDSap, an expert in SAP’s omnichannel banking solutions, according to the bank’s statement released on April 19th.

SAP stands for Systems Applications and Products in Data Processing. This technology reinforces the bank's endeavors to digitalize corporate business online operations, the statement highlighted. 

In March, the ordinary general assembly of the bank approved to increase the paid-in and issued capital to EGP 5 billion from EGP 1.5 billion.

NBK Egypt, formerly Al Watany Bank of Egypt SAE, is an Egypt-based public shareholding company engaged in the provision of corporate, retail, and investment banking services.

The bank’s financial services and products include trade finance, and commercial and residential mortgages, among others.