Emirates NBD customer deposits jump 187% during the last 5 years

Emirates NBD-Egypt has been able to achieve record growth in the size of its customer deposit portfolio over the last 5 years, having jumped at a growth rate of 186.65% and an increase of 83.466 billion pounds, registering 128.184 billion pounds by the end of 2024, compared to 44.718 billion by the end of 2019.

Tracking the portfolio growth journey over the period under analysis, the Bank achieved the fastest growth rate in its customer deposit volume in 2021 by 40.17%, after the total portfolio moved from 48.215 billion pounds by the end of 2020, reaching 67.583 billion by the end of 2021, marking an increase of 19.368 billion pounds.

The Bank experienced the second fastest growth rate in its customer deposit portfolio in 2022 at a rate of 26.10% and an increase of 17.637 billion pounds, rising to 85.220 billion pounds by the end of 2022, compared to 67.583 billion by the end of 2021.

As for the evolution of the portfolio volume over the past year, the Bank achieved growth of 24.87% and an increase of 25.528 billion pounds in its customer deposits to reach 128.184 billion pounds by the end of 2024, compared to 102.656 billion by the end of 2023.

Overall, Emirates NBD Egypt achieved strong results in its key financial indicators in 2024, with net profits rising by 64%, to 5.305 billion pounds last year, compared to 3.235 billion pounds in 2023, and a total increase of 2.070 billion pounds.

The customer loan portfolio jumped at a growth rate of 39.95% and an increase of 23.995 billion pounds over the past year, reaching 84.061 billion pounds by the end of 2024, compared to 60.066 billion pounds by the end of 2023.

The bank's total asset portfolio rose by 24.05% and an increase of 30.814 billion pounds over the past year, reaching 158.933 billion pounds by the end of 2024, compared to 128.119 billion pounds by the end of 2023.

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