Bank NXT's customer deposits record fastest annual growth rate of 33.6% during last 4 years

BANK NXT has achieved a record rise in total customer deposits over the past year to record the fastest annual growth rate in the last 4 years, after the portfolio volume jumped by 33.61%, reaching 68.011 billion pounds by the end of 2024, compared to 50.90 billion pounds by the end of 2023, an increase of 17.11 billion pounds.

Tracking the growth of total customer deposits portfolio over the period under analysis, it recorded the second fastest annual growth rate in 2022 at 24.46% and an increase of 9.47 billion pounds, registering 48.20 billion pounds by the end of 2022, compared to 38.73 billion pounds by the end of 2021.

As for the evolution of the portfolio size by the end of 2023, it rose by 5.6% and an increase of 2.699 billion pounds, moving from 48.202 billion pounds by the end of 2022, reaching 50.901 billion pounds by the end of 2023, while registering growth of 2.41% in 2021.

In general, the Bank was able to achieve outstanding results in its major financial indicators over the past year, seeing net profit growth at a growth rate of 54%, after registering 1.77 billion pounds in 2024, compared to 1.15 billion pounds by the end of 2023, an increase of 620 million pounds.

In terms of its financial position, the total asset portfolio increased by 29.25% and an increase of 17.98 billion pounds over the past year, after registering 79.42 billion pounds by the end of 2024, compared with 61.45 billion pounds by the end of 2023.

The total portfolio of loans and facilities for customers rose by 43% over the past year, after registering 32.51 billion pounds by the end of 2024, compared with 22.80 billion pounds by the end of 2023, an increase of 9.72 billion pounds.

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