The National Bank of Egypt (NBE) was ranked first as the best bank in managing syndicated loans in Egypt and Africa after achieving a market share of 26.5 percent compared to nine percent during the same period in the past year, Bloomberg, one of the top financial ratings institutions globally, said in a report on Sunday.

The report assessed the performance of the NBE through the first six months of 2016.

The bank continues its successful march in managing syndicated loans thanks to its wide experience and strong relations with Egyptian and foreign banks, NBE Deputy Chairman Mahmoud Montaser said.

In doing this, the bank makes use of its huge capital of over 32 billion pounds to pump more funds into the Egyptian market, whether solely or jointly with other banks, Montaser added.