Emirates NBD tops Fastest growing banks in financial investments during Q1-2025

Emirates NBD – Egypt «Emirates NBD» achieved remarkable growth in its total financial investments during the first quarter of this year, rising to EGP 47.71 billion by the end of March 2025, compared to EGP 25.47 billion by the end of 2024, with a growth rate of 87.3% on a quarterly basis.

This strong performance prompted it to top the «First Bank» list of the fastest growing banks in total financial investments during the first quarter of 2025.

The significant increases in the bank's total financial investments are mainly due to the significant increase in treasury bills, which rose by about 109.8% during the first quarter of this year, reaching 27.08 billion pounds by the end of March 2025, compared to 12.91 billion pounds by the end of 2024.

The significant increase in «Emirates NBD» financial investments in depreciated cost also played a role, jumping to EGP 15.02 billion by the end of March 2025, compared to EGP 7.06 billion by the end of 2024, representing a growth of approximately 112.8%.

Financial investments at fair value through other comprehensive income also rose to EGP 5.61 billion by the end of March 2025, compared to EGP 5.51 billion by the end of 2024, a growth rate of 1.8% on a quarterly basis.

Overall, Emirates NBD – Egypt «Emirates NBD – Egypt» achieved strong performance during the current year, achieving net profits of EGP 1.4 billion during the first quarter of 2025, compared to EGP 1.1 billion during the same period in 2024, an increase of 31%.

The bank's profits before income taxes rose to EGP 2.1 billion during the first quarter of 2025, compared to EGP 1.7 billion during the same period in 2024, representing a 20% growth.

The bank also recorded a significant increase in income growth, as net income from returns reached 3 billion pounds during the first quarter of 2025, compared to 2.6 billion pounds during the same period in 2024, with an increase rate of 16%.

Net income from fees and commissions amounted to 463 million pounds during the first three months of this year, an increase of 20% over the same period in 2024.

In addition, total shareholders' equity recorded EGP 18.3 billion at the end of the first quarter of 2025, compared to EGP 17.4 billion at the end of last year.

The total portfolio of loans and facilities for customers jumped by about 4.7% during the first quarter of this year, reaching 88 billion pounds by the end of March 2025, compared to 84.06 billion pounds by the end of 2024, representing an increase of 3.91 billion pounds.

The bank's total assets jumped to EGP 173.8 billion by the end of March 2025, representing a 9% growth compared to 2024.