QNB Egypt ranked fifth on the list of the largest banks in syndicated loans over Banque du Caire

In a development that reflects its expansion strategy and excellence in institutional financing, Qatar National Bank «QNB» Egypt continued to strengthen its presence in the syndicated loan market during 2024.

The bank was able to achieve a noticeable boom in syndicated loan activity directed to the corporate sector, which qualified it to seize fifth place on the list of the largest banks granting syndicated loans in the Egyptian market by the end of 2024, surpassing Banque du Caire, which was occupying this position at the end of 2023.

This achievement reflects «QNB» Egypt’s success in expanding its corporate and institutional client base, in addition to its ability to lead and arrange major financing deals, supported by its technical expertise and the strength of its financial position.

According to the independent financial statements of the two banks, the syndicated loan portfolio in «QNB» Egypt increased to 34.78 billion pounds by the end of 2024, compared to 22.24 billion pounds by the end of 2023, with a growth rate of 56.37%, and a total increase of 12.54 billion pounds.

As for the syndicated loan portfolio at Banque du Caire, it rose to 30.61 billion pounds by the end of 2024, compared to 22.99 billion pounds by the end of 2023, representing a growth of about 33.14% over the past year.

According to this, the list of the top five in the syndicated loan market is as follows: «Al Ahly Egyptian», «Egypt», «CIB», «Arab African», and «QNB» Egypt.

It is worth noting that «QNB» Egypt announced the business results of the first quarter of this year, which revealed an increase in its net profits to 6.951 billion pounds during the first quarter of 2025, compared to 6.85 billion pounds during the same period in 2024, with a growth rate of 1.47%, and a total increase of 100.990 million pounds.

In terms of the bank’s financial position, its portfolio of assets increased to 847.948 billion pounds by the end of March 2025, compared to 808.976 billion pounds by the end of 2024, with a growth rate of 4.82%, and an increase of 38.971 billion pounds.

The customer deposit portfolio increased by about 6.94% during the first 3 months of this year, reaching 729.206 billion pounds by the end of March 2025, compared to 681.864 billion pounds by the end of 2024, an increase estimated at about 47.342 billion pounds.