Kuwait Finance House - Egypt's corporate sector has significant performance during 2024

The corporate sector of Kuwait Finance House - Egypt has experienced outstanding performance over the past year, driven by the efforts of Hala Sadek, CEO and Managing Director of the Bank and its Associate Team.

This growth has not only increased the volume of funding, but also extended to strengthening corporate deposits, which have seen strong growth reflecting the growing level of confidence of companies and institutions in the Bank's services.

This positive growth reflects the effectiveness of Kuwait Finance House-Egypt policies and its responsiveness to customers' needs, both by providing innovative financial solutions and by enhancing the cash liquidity of institutions of various sizes and sectors.

Kuwait Finance House Bank (KFB) - Egypt has increased credit to institutions over the past year, which has jumped by 26.17% and an increase of 16.60 billion pounds, reaching 80.04 billion pounds by the end of 2024, compared to 63.44 billion by the end of 2023.

The Bank's direct financing portfolio rose by 12.87% and an increase of 6.33 billion pounds over the past year, recording 55.51 billion pounds by the end of 2024, compared with 49.18 billion pounds by the end of 2023, to account for 69.35% of the Bank's total corporate financing by the end of 2024.

The joint financing portfolio recorded growth of 18.25% and an increase of 1.67 billion pounds over the past year, moving from 9.18 billion pounds by the end of 2023, to 10.85 billion pounds by the end of 2024, and earning 13.55% of the bank's total corporate finance portfolio by the end of December.

Kuwait Finance House (KFB) Egypt's institutional sector contributed 94.17% to the total portfolio of financing for its customers, which rose by 26.57% over the past year, to 84.99 billion pounds by the end of 2024, compared to 67.15 billion pounds by the end of 2023, an increase of 17.84 billion pounds.

Kuwait Finance House (KFB) Egypt's institutional deposit portfolio has grown by 27.68% over the past year, reaching 91.48 billion pounds by the end of 2024, compared to 71.65 billion pounds by the end of 2023, an increase of 19.8

3 billion pounds.