BANK NXT's Corporate sector achieves significant performance during Q1-2025

Corporate sector at Bank Next «BANK NXT» recorded a distinguished performance during the first quarter of 2025, according to the bank's periodic financial statements, as its portfolio of institutional loans increased by about 15.1% during the first quarter of 2025, reaching 25.53 billion pounds at the end of March 2025, compared to 22.19 billion pounds at the end of 2024, an increase estimated at about 3.34 billion pounds.

This strong performance was mainly driven by a 5.9% increase in direct loans to companies during the first quarter of this year, reaching EGP 17.09 billion by the end of March 2025, compared to EGP 16.14 billion by the end of 2024.

In addition, the syndicated loan portfolio increased at a growth rate of 31.4% during the first quarter of 2025, recording EGP 7.60 billion by the end of March 2025, compared to EGP 5.78 billion by the end of 2024.

Current accounts receivable balances for corporates, which rose to EGP 844 million at the end of March 2025, jumped compared to EGP 267 million at the end of 2024, with a growth rate of 215.8% and an increase of EGP 577 million.

Corporates sector contributed 69.1% to the total loans and facilities for customers at Next Bank, the value of which rose to 36.96 billion pounds at the end of March 2025, compared to 32.51 billion pounds at the end of 2024, with a growth rate of 13.7% during the first quarter of this year.

Corporates deposits at Next Bank rise to EGP 44.31 billion by the end of March 2025

On the other hand, the institutional deposit portfolio increased by 1.6% during the first quarter of this year, reaching EGP 47.31 billion by the end of March 2025, compared to EGP 46.56 billion by the end of 2024, a total increase of EGP 749 million.

Corporates sector accounted for about 65% of the bank's total deposit portfolio, after its deposit portfolio rose to 72.76 billion pounds at the end of March 2025, compared to 68.01 billion pounds at the end of 2024, with a growth rate of 7% during the first quarter of this year.

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