Industry Sector, the highest-Receiving sector of corporate Loans in QNB-Egypt during 2024

QNB Egypt's separate financial statements for the fiscal year ended December 31 revealed that its corporate loans rose to 298.9 billion pounds by the end of 2024, compared to 214.6 billion pounds by the end of 2023, with a growth rate of 39.27% and a total increase of 84.3 billion pounds.

Thanks to this strong performance, the Bank recorded the fastest annual growth in 8 years, and was ranked fourth on the First Bank list of the fastest-growing banks on corporate loans in 2024.

This growth reflects the growing confidence of companies and corporates in the Bank's ability to provide the financial support needed to expand its business and grow its investment, and demonstrates the adoption of stimulus lending strategies based on careful market analysis.

Despite the significant expansion of QNB Egypt's corporate loans over the past year, it successfully raised the portfolio quality rate to 93.81% by the end of 2024, compared to 93.67% by the end of 2023, reflecting its efficiency in applying risk management standards and strengthening credit mechanisms.

In achieving these results, the Bank relied on sophisticated credit analysis methodologies, carefully selecting clients according to financial merit and credit solvency indicators, as well as activating periodic control systems to monitor portfolio performance.

QNB Egypt's corporate loan portfolio has been strategically distributed to ensure its inclusion in all major economic sectors, covering industrial, service, commercial and agricultural enterprises, as well as other activities.

Turning to their performance, the Bank's loans for industrial corporates rose to 154.5 billion pounds by the end of 2024, compared to 121.8 billion pounds by the end of 2023, with a growth rate of 26.82% and an overall increase of 32.7 billion pounds.

Industrial corporates accounted for 51.69% of total corporate loans at QNB Egypt by the end of 2024, placing this sector at the forefront in terms of receipt of funds.

As for the Bank's loans to service corporates, it jumped by 71.45% over the past year, registering 101.9 billion pounds by the end of 2024, compared to 59.5 billion pounds by the end of 2023, representing an increase of 42.5 billion pounds, controlling 34.10% of total QNB loans to corporates by the end of 2024.

With regard to the Bank's loans of business corporates, it jumped from 29.5 billion pounds by the end of 2023, to 37.6 billion pounds by the end of 2024, with a growth of 27.37%, and an increase beyond the 8 billion pounds barrier, accounting for 12.57% of total QNB loans to corporates.

In terms of QNB-Egypt's loans to agricultural corporates, it rose to 3.8 billion pounds by the end of 2024, compared to 3.4 billion pounds by the end of 2023, with a growth rate of 8.83%, controlling about 1.26% of its total loans to corporates by the end of 2024.

With regard to the Bank's loans to other activities, it rose by about 189.52% in 2024, reaching 1.1 billion pounds by the end of last year, compared to 396.6 million pounds by the end of 2023, resulting in its acquisition of 0.38% of total QNB loans to corporates.