Emirates NBD-Egypt witnesses 76.78% growth in net profits at 9M-22

Emirates NBD-Egypt, the leading Emirati lender, revealed that its net profits have jumped by 76.78% to stand at EGP 852 billion during the first 9 months of 2022 compared to EGP 482 billion, according to its recently published financial results.

Meanwhile, the bank’s total loans increased by 8.29% during the first 9 months of last year, to record EGP 45.002 billion in comparison to EGP 41.557 billion at the end of 2021 with an increase of EGP3.45 billion.

Moreover, the total deposits recorded a growth rate of 13.31% during the first 9 months of last year, after the total portfolio increased to EGP 76.6 billion at the end of September 2022, compared to EGP 67.6 billion at the end of December 2021.

Furthermore, the bank’s asset portfolio increased by 12.55% during the first 9 months of last year, to move from EGP 82.6bn at the end of December 2022, to reach EGP 92.9bn at the end of September 2022.