QNB-Egypt Retail Banking Sector Performs Well During Q1-2025

Retail banking sector at Qatar National Bank «QNB» Egypt witnessed good growth during the first quarter of this year, reflecting its firm commitment to achieving excellence and meeting customer aspirations in light of a renewed economic environment.

At the level of individual loans, excellence was embodied by designing smart financing solutions that meet the changing needs of customers, supported by advanced digital platforms that facilitated the procedures for obtaining financing, which contributed to expanding the scope of financial inclusion and raising customer satisfaction rates.

According to the bank’s independent financial statements, its portfolio of individual loans increased by about 5.7% during the first quarter of this year, reaching 70.2 billion pounds by the end of March 2025, compared to 66.39 billion pounds by the end of 2024, a total increase of 3.81 billion pounds.

This growth was supported by an increase in the personal loan portfolio to 54.29 billion pounds by the end of March 2025, compared to 50.94 billion pounds by the end of 2024, with a growth rate of 6.6%, and a total increase of 3.35 billion pounds.

The real estate loan portfolio increased by about 7.5% during the first quarter of this year, recording 9.03 billion pounds at the end of March 2025, compared to 8.4 billion pounds at the end of 2024, representing an increase of 630.11 million pounds.

Current account balances owed to individuals jumped from 4.34 billion pounds at the end of 2024, to 4.40 billion pounds at the end of March 2025, with a growth rate of 1.3%, and an increase of 58.51 million pounds.

As for credit card balances, they recorded 2.48 billion pounds at the end of March 2025, compared to 2.71 billion pounds at the end of 2024.

The retail sector in «QNB» Egypt contributed about 18.18% to the bank’s total loan portfolio, which jumped to 386.16 billion pounds at the end of March 2025, compared to 365.29 billion pounds at the end of 2024, with a growth rate of 5.7% on a quarterly basis.

As for the deposits sector, the bank attracted individual deposits through a balanced package of offers that combine security, flexibility and competitive returns, which enhanced customer confidence and the sustainability of money flows, thus supporting the bank’s stability and sustainable growth.

This is evident in the increase in its portfolio of individual deposits by about 8.5% during the first quarter of this year, reaching 254.11 billion pounds by the end of March 2025, compared to 234.29 billion pounds