NBK-Egypt maintain its position among top 10 largest banks in corporate loans in the Egyptian market

National Bank of Kuwait - Egypt FirstBankNational Bank of Kuwait - Egypt

National Bank of Kuwait – Egypt «NBK-Egypt» has firmly established itself in the top 10 in the corporate loan market, supported by strong increases in the volume of credit granted to enterprises, including small loans for economic activities.

The efforts of «NBK-Egypt» resulted in it rising to eighth place on the list of the largest banks in Egypt in the corporate loan market by the end of 2024, surpassing Kuwait Finance House Bank, which held this position until the end of September of the same year.

This outstanding performance comes as a result of a comprehensive credit strategy adopted by the National Bank of Kuwait – Egypt, which was based on expanding the scope of financing to include companies of various sizes, while supporting this trend through digital transformation that contributed to accelerating procedures and reducing operational complexities, in addition to its keenness to provide flexible financing solutions.It is specifically designed to meet the needs of its various clients, in addition to applying advanced credit evaluation models to proactively monitor risks.

Continuous investment in developing the skills of banking cadres also contributed to raising the efficiency of overall performance and enhancing the bank’s ability to provide high-quality services, which was reflected in achieving an ideal balance between rapid growth and tight risk management.

According to the independent financial statements of the two banks, the institutional loan portfolio at the National Bank of Kuwait – Egypt increased by about 38.17% over the past year, reaching 86.501 billion pounds by the end of 2024, compared to 62.605 billion pounds by the end of 2023, representing a total increase of 23.896 billion pounds.

As for the institutional loan portfolio at Kuwait Finance House Bank – Egypt, it rose to 80.039 billion pounds by the end of 2024, compared to 63.438 billion pounds by the end of 2023, with a growth rate of 26.17%, and an increase estimated at about 16.602 billion pounds.

According to this, the list of the top ten in the institutional loan market is as follows: «Al Ahly Al Masry», «Egypt», «CIB», «QNB» Egypt, «AAIB», «FABMISR», «Banque du Caire», «NBK-Egypt», «KFH - Egypt», and «ADIB».

The big leap achieved by the National Bank of Kuwait - Egypt in the institutional loan market was only part of a broader success story translated by its strong financial numbers.Its net profits increased to 7.269 billion pounds in 2024, compared to 4.021 billion pounds in 2023, with a growth rate of 80.80%, and a total increase of 3.249 billion pounds.

The bank's pre-tax profits jumped at a growth rate of 76.26% over the past year, reaching 10.231 billion pounds in 2024, compared to 5.804 billion pounds in 2023, a total increase of 4.427 billion pounds.

Net income from the return increased to 11.597 billion pounds during 2024, compared to 6.988 billion pounds during 2023, a growth rate of 65.96%, and an increase of 4.609 billion pounds.

Net income from fees and commissions increased from 1.363 billion pounds in 2023, to 1.577 billion pounds in 2024, a growth rate of 15.70%, and an increase of 214.137 million pounds.

In terms of the bank’s financial position, its asset portfolio increased by about 49.80% over the past year, recording 195.656 billion pounds by the end of 2024, compared to 130.609 billion pounds by the end of 2023, a total increase of 65.047 billion pounds.

The bank's portfolio of customer deposits rose to 159.754 billion pounds by the end of 2024, compared to 105.93 billion pounds by the end of 2023, with a growth rate of 50.81%.

The bank's total loans to customers jumped by 28.156 billion pounds over the past year, recording 104.211 billion pounds by the end of 2024, compared to 76.055 billion pounds by the end of 2023, with a growth rate of 37.02% on an annual basis.

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