Amr El Shafei, Chief Executive Officer and Managing Director of Emirates NBD Egypt, combines experience in corporate credit, structured finance and regional banking with a leadership career spanning local and international banks. Since he took the helm in February 2023, the bank has expanded its banking business, developed its digital services and taken steps to strengthen its presence in Egypt's retail banking market.

More Than Three Decades of Banking Experience

El Shafei's banking experience spans more than 30 years; he had 29 years behind him when he joined Emirates NBD Egypt in February 2023. He began his career in corporate credit at the Egyptian British Bank (HSBC), where he worked for nearly five years, then spent six years at Citibank in Egypt and the UAE, as well as working at Mashreq Bank in the UAE.

Leadership Roles at Local and Regional Banks

El Shafei rose through leadership positions that included Executive Vice Chairman of Banque du Caire and head of the corporate banking credit and syndicated loans group at the National Bank of Egypt (NBE).

At Barclays, he headed the corporate and financial institutions division in Egypt and served as regional head of corporate and products for Egypt, Kenya and Tanzania, gaining experience in managing corporate banking across multiple markets.

Board and Investment Experience

El Shafei served on the executive committee of Barclays' corporate and investment banking business in Africa, excluding South Africa. His career has also included board seats at the Holding Company for Tourism and Hotels, Cairo Leasing, Banque Misr Europe in Frankfurt, Al Ahly Capital Holding and Al Ahly Leasing.

Academically, he holds a bachelor's degree in economics and political science from Cairo University.

Leading Emirates NBD Egypt Since 2023

Amr El Shafei has served as Chief Executive Officer and Managing Director of Emirates NBD Egypt since 16 February 2023. His move to lead the bank followed a career that included executive responsibilities in corporate credit, syndicated loans and banking business management.

A Strategic Vision for Growth and Service Development

The vision El Shafei has set out in his statements rests on expanding the business while preserving asset quality, improving operational efficiency, and investing in technology and people.

He linked the bank's Q1 2026 results to the execution of the strategic vision launched in 2023, with a focus on developing innovative banking services and increasing the value delivered to customers and shareholders.

An Acquisition Deal to Expand Retail Banking

His tenure saw a major strategic step on 2 August 2026, when Emirates NBD Egypt signed final agreements to acquire the retail banking business of HSBC Egypt.

The deal covers the retail portfolio, the associated branch and ATM network, and the relevant customers and staff, with the aim of expanding the bank's presence and strengthening its retail services in the Egyptian market. Completion is expected in the second half of 2027, once the necessary regulatory approvals are obtained.

Growth in Digital Services and Electronic Channels

The bank's 2024 sustainability report showed it processed more than 646,000 electronic banking transactions, and that its mobile app users reached 80,000.

The report also noted the launch of fully digital current and savings accounts, alongside staff training and the expansion of digital services, as part of efforts to improve the customer experience.

Embedding Sustainability and Responsible Banking

The bank published its first annual sustainability report in June 2024, followed by its second report, covering 2024, in May 2025, to strengthen disclosure of its environmental, social and governance (ESG) performance. The second report showed microfinance lending grew 59% year on year, reflecting the bank's expansion in this business.

Supporting Micro-Enterprises and Women's Economic Empowerment

In May 2024, the bank signed an EGP 80 million financing contract with Al Tadamun Microfinance Foundation for a year and a half, aimed at expanding financing for women-led micro-enterprises.

The financing was completed under the supervision of El Shafei and the foundation's leadership, as part of the bank's drive to support financial inclusion and widen economic empowerment opportunities.

Profit Growth in H1 2026

In the first half of 2026, the bank posted net profit of about EGP 3.309 billion, up 9.6%, and pre-tax profit of EGP 5.128 billion, up 16.9%. Net interest income reached EGP 7.549 billion, up 24% on the same period of 2025.

Growth in Assets, Deposits and the Loan Portfolio

At the end of June 2026, the bank's assets stood at EGP 247.625 billion, up 19.32%, and customer deposits at EGP 192.045 billion, up 13.04% from the end of December 2025.

Total customer loans and facilities, before deducting provisions and unearned commissions, reached EGP 114.006 billion, up 19.3%, split between EGP 25.445 billion in retail loans and EGP 88.561 billion in corporate loans.