Emirates NBD-Egypt appoints Amr El Shafei as its new CEO

Emirates NBD Egypt, the leading private sector lender, revealed that Amr El Shafei is its new CEO succeeding Mohamed Berro.

It is worth noting that the bank achieved a growth in its net profits by 76.78% during the first 9 months of 2022, to record EGP 852.6m during the first 9 months of 2022, compared to EGP 482m during the same period of 2021.

Total customer loans increased by 8.29% during the first 9 months of last year, to record 45.002 billion pounds at the end of last September, compared to 41.557 billion at the end of 2021, an increase of 3.45 billion pounds.

Total customer deposits recorded 13.31% during the first 9 months of last year, after the total portfolio increased to 76.6 billion pounds at the end of September 2022, compared to 67.6 billion pounds at the end of December 2021.

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