The announcement was made during a ceremony attended by Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat and chairperson of the NIB Board of Directors, along with Vice Chairman and Managing Director Ashraf Negm, board members, and senior officials.
Established in 1980 under Law No. 119, the NIB finances and supervises projects included in Egypt’s national economic and social development plans.
Operating under the supervision of the Ministry of Planning, Economic Development, and International Cooperation, the bank serves as one of the government’s main investment arms supporting national development priorities.
Unlike commercial banks that serve retail and corporate clients, NIB focuses on mobilizing and directing public resources toward strategic investments that drive sustainable growth.
It finances key national projects in infrastructure, utilities, and productive sectors through equity participation, long-term loans, or other financing tools.
Al-Mashat described the certification as a key step toward strengthening governance and improving the efficiency of public investments. She said it reflects years of institutional reform and modernization within the Bank.
The minister noted that NIB continues to play a vital role in monitoring and evaluating public investments, both through field and desk follow-up, and in issuing reports and recommendations on the allocation of resources to priority productive sectors and high-impact projects aligned with national development goals.
She added that the bank has undergone major restructuring and adopted modern digital systems to enhance performance and operational efficiency.
The government, she said, is working to resolve financial overlaps between NIB and other public entities to strengthen its financial position and increase investment returns.
Meanwhile, Negm said the bank’s transformation extends beyond infrastructure upgrades to include a comprehensive digital transformation framework comparable to those used by leading financial institutions.
The system, he noted, enhances access to project data within the national economic and social development plan.
He explained that the ISO certification is part of the bank’s broader strategy to enhance competitiveness and institutional performance. The process involved intensive training programmes and workshops to build staff capacity and meet international quality management standards.
The NIB’s certification aligns with the state’s wider structural reform programme aimed at improving the efficiency of public institutions.
Short link: