Egypts National Bank NBE, largest state-owned lender, revealed that its loans and facilities to customers have

NBE’s total loans jump 24.25% at 9M-22 to record EGP274bn

1/23/2023 2:06:24 PM

Egypt’s National Bank (NBE), largest state-owned lender, revealed that its loans and facilities to customers have jumped by 24.25% to stand at EGP 274 billion during the first 9 months of 2022, according to its recently published financial results.

Moreover, NBE’s total loans portfolio have also increased to record EGP 1.404 trillion at the end of September 2022, compared to EGP 1.130 trillion at the end of December 2021.

Meanwhile, the total customers deposits jumped by 19.04% to record EGP 2.841 trillion pounds at 9M-22, compared to EGP 2.386 trillion at the end of December 2021.

Furthermore, the bank's total assets has also witnessed a leap by 16.94% to record EGP 3.781 trillion at 9M-22 in comparison to EGP 3.234 trillion at the end of December 2021 with an increase of EGP 547.7 billion.