National Société Générale Bank (NSGB) is currently considered the second largest private bank in Egypt. NSGB traditionally focused on corporate banking with large clients. More recently, it decided to go into the retail business and, therefore, expand its branch network this long-term project demonstrates SG Group's strong commitment to Egypt. NSGB has 150 branches covering 26 governorates, 300 ATM and more than 4,000 banking professional (as of August 2011). NSGB is a subsidiary Societe Generale Group (France).
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No more queues in front of ATMs - 23.01.2013 Reduced transaction duration is an important issue for customer satisfaction and for efficient use of Banking channels, especially at ATMs. Every measure taken to fasten cash withdrawals, most widespread used ATM transaction, is beneficial to both customers and banks.
Swiss bank Wegelin & Co. to close after US tax evasion fine - 04.01.2013 Switzerland's oldest bank is to close permanently after pleading guilty in a New York court to helping Americans evade their taxes. Wegelin & Co., which was established in 1741, has also agreed to pay $57.8 million in fines to US authorities. Source: BBC
Banks seen shrinking for good as lay-offs near 160,000 - 16.11.2012 Major banks have announced some 160,000 job cuts since early last year and with more lay-offs to come as the industry restructures, many will leave the shrinking sector for good as redundancies outpace new hires by roughly two-to-one. Source: Reuters