Bank NXT tops the fastest growing bank in credit cards during 2024

Credit card balances at Bank NXT witnessed strong growth over the past year, rising to EGP 392,631 mn by the end of 2024, compared to EGP 80,550 mn by the end of 2023, with a growth rate of 387.44% year-on-year.

Thanks to this strong growth, the Bank topped «First Bank»’s list of the fastest growing banks in credit cards during 2024.

In general, the bank was able to achieve distinguished results in its main financial indicators during the past year, as it witnessed a growth in its net profits at a growth rate of 54%, after recording 1.77 billion pounds during 2024, compared to 1.15 billion pounds by the end of 2023, an increase of 620 million pounds.

The total assets of «BANK NXT» increased by about 29.3% in 2024, reaching 79.42 billion pounds by the end of 2024, compared to 61.48 billion pounds by the end of 2023, an increase of 17.98 billion pounds.

The total portfolio of customer loans and facilities increased at a growth rate of 43% over the past year, reaching 32.51 billion pounds by the end of 2024, compared to 22.80 billion pounds by the end of 2023, with an increase of 9.72 billion pounds.

Customer deposit portfolio increased by about 33.6%, with an increase of 17.11 billion pounds over the past year, to record 68.01 billion pounds by the end of 2024, compared to 50.90 billion pounds by the end of 2023.

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