NBE's customer loans portfolio jumps 497% over the last 4 years, recording EGP4.3 tn

The National Bank of Egypt was able to achieve a qualitative leap in the total financing of its clients during the last 4 years, as the size of its portfolio recorded a growth rate of 497.31%, reaching 4.30 trillion pounds so far, compared to 720 billion pounds by the end of 2020, with an increase of 3.58 trillion pounds.

Tracking the portfolio’s growth journey over the past four years, we find that the bank achieved a growth rate of 78.65%, moving from 2.41 trillion pounds by the end of 2023, and reaching 4.30 trillion pounds so far, achieving an increase of 1.89 trillion pounds.

The bank also achieved a growth rate of 39.18% in its total customer loans during the year 2023, while recording growth rates of 47.53% and 62.83% in the size of its portfolio during the years 2022 and 2021, respectively.

In terms of the size of the financing portfolio for small and medium enterprises, it has risen to 380 billion pounds so far, and the bank aims to increase it by about 20 billion pounds during the current year, while it aims to achieve a growth of about 15% to 20% in its loan portfolio annually.

In general, the National Bank of Egypt was able to achieve strong results in its main financial indicators during the last period, as the volume of its assets increased by 52.85%, reaching 8 trillion pounds so far, compared to 5.23 trillion pounds by the end of 2023, with an increase of 2.77 trillion pounds.

The size of its customer deposit portfolio increased at a growth rate of 44.66%, with an increase of 1.67 trillion pounds during the last period, reaching 5.40 trillion pounds so far, compared to 3.73 trillion pounds by the end of 2023.

It is also worth noting that the number of customers of the «mobile banking application at the National Bank of Egypt has increased to 8 million customers, and its digital services represent about 50% of its total transaction portfolio.

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