Cairo - Mubasher: National Bank of Kuwait (NBK) - Egypt eyes 30% growth through 2015, said Yasser Ismail Hassan, Chief Executive Officer.

The bank has gone for retaining earning to enhance its financial position, added CEO.

The value of the bank's credit portfolio nears EGP 13 billion, stated Hassan noting that NBK-Egypt tends to focus on financing the sectors of food, Pharmaceuticals, packing and petrol.

NBK-Egypt seeks to raise its market share in terms of small and medium projects, pointed CEO.

The bank currently operates 40 branches in Egypt and it recently submitted a request to the Central Bank of Egypt to open 4 or 5 new branches in 2016, clarified Hassan.

In the same vein, NBK - Egypt announced that it has signed an agreement with the European Bank for Reconstruction and Development (EBRD), to obtain a loan of $50 million.