Corporates loans acquire 85.8% of National Bank of Egypt’s total portfolio

The financial statements of the National Bank of Egypt revealed that the bank’s corporate loans portfolio grew by 23.41% during the first 9 months of last year; an increase of EGP 237.7 billion.

The bank’s total corporate loan portfolio rose to EGP 1.253 trillion at the end of September 2022, compared to EGP 1.016 trillion at the end of December 2021, acquiring 85.84% of the bank’s total customer loans.

 The bank’s debit current account portfolio jumped by 51.71% during the first 9 months of 2022, to record 487.5 billion pounds at the end of September 2022, compared to 321.3 billion at the end of December 2021, with an increase of 166.2 billion pounds.

Furthermore, bank's total direct loan portfolio increased by 9.81% during the first 9 months of last year, to record EGP 525.6 billion at the end of September 2022, compared to EGP 478.6 billion at the end of December 2021.

Moreover, the total syndicated loans portfolio increased by 11.93% during the first 9 months of 2022 to record EGP 238.4 billion at the end of September 2022, compared to EGP 213 billion at the end of December 2021.

It is worth mentioning that the total loans and facilities to customers increased by 24.28%, an increase of about EGP 285.2 billion, bringing the total portfolio to EGP1.460 trillion by the end of September 2022, compared to EGP 1.175 trillion by the end of December 2021