National Bank of Egypt (NBE) signed settlement agreements worth EGP5bn with financially-troubled customers during the past fiscal year 2015-16, in various sectors including tourism, real estate and manufacturing, sources said. At mid-2013, NBE carried off balance sheet due debts worth EGP13bn related to thousands of financially-troubled customers in various sectors. NBE managed to collect NPLs worth EGP2.2bn out of a total of EGP13bn, according to the bank’s Vice Chairman, Yehia Abul Fotouh, stressing that he would prosecute customers to pay due debts. Sources pointed out that NBE had collected EGP1.1bn as it received down payment of compromise deals on NPLs, adding that NBE is currently studying the files of some financially-troubled customers in order to sign compromise deals with them. (Al Mal)