QNB Egypt tops fastest-growing listed banks on First Bank Credit Competitiveness Index during Q1-2025

Qatar National Bank «QNB» Egypt achieved strong growth in its total loans to customers during the first quarter of this year, as its portfolio increased by about EGP 20.87 bn, reaching EGP 386.16 bn by the end of March 2025, compared to EGP 365.29 bn by the end of 2024, with a growth rate of 5.7%.

This outstanding performance prompted the bank to top First Bank Credit Competitiveness Index for banks listed on the Egyptian Stock Exchange during the first quarter of 2025.

This is due to «QNB» Egypt’s remarkable superiority in institutional financing, which is evident in the increase in its portfolio of institutional loans to EGP 315.96 bn at the end of March 2025, compared to EGP 298.90 bn at the end of 2024, with a growth rate of 5.7% on a quarterly basis.

Its outstanding performance in the retail banking sector also played a role, as its portfolio of retail loans increased by about 5.7% during the first quarter of this year, reaching EGP 70.2 bn by the end of March 2025, compared to EGP 66.39 bn by the end of 2024.

It is worth noting that Qatar National Bank «QNB» Egypt achieved net profits of EGP 6.95 bn during the first quarter of 2025, compared to EGP 6.85 bn during the same period in 2024, with a growth rate of 1.5%, and a total increase of EGP 100.99 mn.

The bank's profits before income taxes amounted to EGP 9.92 bn during the first quarter of 2025, compared to EGP 10.28 bn during the same period in 2024.

Net income from revenue rose to EGP 11 bn during the first quarter of 2025, compared to EGP 9.72 bn during the same corresponding period in 2024, with a growth rate of 13.2%, and a total increase of EGP 1.29 bn.

In terms of the bank’s financial position, its portfolio of assets increased to EGP 847.95 bn by the end of March 2025, compared to EGP 808.98 bn by the end of 2024, with a growth rate of 4.8%, and an increase of EGP 38.97 bn.

Its portfolio of customer deposits increased by about 6.9% during the first 3 months of this year, reaching EGP 729.21 bn by the end of March 2025, compared to EGP 681.86 bn by the end of 2024, an increase estimated at about EGP 47.34 bn.

To see the full list.. Click here.