Historical boom in NBE’s market shares under Okasha leadership

The National Bank of Egypt (NBE), the largest state-run lender, has witnessed a record increase in its market shares during the first nine months of 2022. NBE has seen a historic growth in its market shares in terms of financial investments, retail deposits and loans. However, its market shares terms of total deposits and assets have seen a slight decline.

Moreover, NBE has increased its market share of loans which acquired 40.36% of the banking sector’s total loans at the end of September 2022, compared to 38.75% at the end of 2021; adding about 1.61% to its market share during the first 9 months of 2022.

This largely was attributed to the bank's success in adding about 2.52% to its share in terms of retail loans which is considered largest increase over the past year, accordingly; Its share jumped to stand at 29% of total retail loans in the banking sector by the end of the third quarter of 2022, compared to 26.48% by the end of 2021.

Furthermore, the bank achieved a remarkable growth in its market share in terms of financial investments which jumped to acquire 43.20% of the total financial investments (securities) in the banking sector at Q3-22, compared to 40.71% by the end of 2021.

However, bank’s market share in terms deposit has seen a slight decline to stand at 36.26% of the total deposits of the banking sector at the end of September 2022, compared to 36.99% at the end of 2021.

Yet the bank succeeded in achieving a historic increase in its market share in terms of retail deposits, as it jumped by about 2.32% during the first 9 months of 2022, to account for 46.07% of total retail deposits portfolio by the end of September 2022, compared to 43.75% by the end of 2021.

To learn more about NBE’s achievements and indicators during 2022, and its latest news, click here.