Corporate indicator: BANK NXT corporates add EGP31.82bn to deposits and EGP30.76bn to loans

First Bank’s analysis of BANK NXT’s corporate banking activity reveals significant expansion between end-2021 and June 2026, alongside the transformations following the bank’s ownership restructuring and the launch of its new commercial identity in 2024.

This expansion extended beyond corporate deposits and loans growth to reshape the sector’s role in the bank’s overall activity. Corporates increased their share of total customer deposits, while the loan portfolio became more balanced between corporates and retail.

Corporate deposits surge 212.3%, strengthening their share of total customer deposits

BANK NXT’s corporate deposits recorded substantial growth, reaching EGP46.80bn at end-June 2026, compared with EGP14.99bn at end-2021, an increase of EGP31.82bn, representing a growth rate of 212.3 per cent.

This expansion outpaced the growth in total customer deposits, which increased by 142.7 per cent over the same period, reaching EGP93.98bn at end-June 2026, compared with EGP38.73bn at end-2021, an increase of EGP55.25bn.

Consequently, corporate deposits’ share of total customer deposits rose to 49.80 per cent at end-June 2026, compared with 38.69 per cent at end-2021, an increase of 11.11 percentage points.

This development reflects the growing role of corporates in providing funding resources to the bank, as the segment accounted for approximately 57.59 per cent of total customer deposit growth during the period, compared with 42.41 per cent for retail.

Although retail deposits continued to account for the largest share of total deposits at end-June 2026, the gap between the two segments narrowed considerably, as corporates significantly reduced the difference since end-2021.

Corporate loans surge 409.6%, with direct loans accounting for 79.06% of growth

On the lending side, BANK NXT’s corporate segment recorded remarkable expansion, with its loan portfolio rising to EGP38.27bn at end-June 2026, compared with EGP7.51bn at end-2021, an increase of EGP30.76bn, representing growth of 409.6 per cent.

Direct loans were the main driver of this growth, increasing to EGP29.55bn at end-June 2026, compared with EGP5.23bn at end-2021, an increase of EGP24.32bn, representing a growth rate of 465.1 per cent.

Direct loans alone accounted for approximately 79.06 per cent of total growth in corporate loans during the period, raising their share of the segment’s portfolio to 77.21 per cent at end-June 2026, compared with 69.63 per cent at end-2021.

Meanwhile, syndicated loans increased to EGP6.86bn at end-June 2026, compared with EGP1.54bn at end-2021, an increase of EGP5.32bn, representing a growth rate of 345.7 per cent.

Despite the expansion in syndicated loans, their relative share of the corporate portfolio declined to 17.93 per cent at end-June 2026, compared with 20.50 per cent at end-2021, reflecting faster growth in direct loans.

Corporate overdrafts also increased to EGP1.86bn at end-June 2026, compared with EGP741.50mn at end-2021, representing a growth rate of 151.1 per cent and an increase of EGP1.12bn.

These indicators reveal a clear shift in the structure of corporate loans, with greater concentration in direct lending, which accounted for the largest share of credit expansion, alongside a decline in the relative contribution of syndicated loans and overdrafts.

Corporates account for 61.33% of loan growth as retail strengthens its lending presence

Despite the substantial growth in corporate loans, their relative weight in the overall loan portfolio witnessed a notable shift, as total customer loans and facilities expanded at a faster rate of 443.7 per cent between end-2021 and June 2026.

Total customer loans rose to EGP61.46bn at end-June 2026, compared with EGP11.30bn at end-2021, representing an increase of EGP50.16bn over the period.

Consequently, corporate loans accounted for approximately 62.27 per cent of total customer loans at end-June 2026, compared with 66.43 per cent at end-2021, a decline of 4.16 percentage points.

This shift does not reflect a contraction in corporate activity, but rather faster growth in retail loans, which increased from EGP3.79bn at end-2021 to EGP23.19bn at end-June 2026, recording a growth rate of 511.1 per cent.

Nevertheless, corporates accounted for approximately 61.33 per cent of total growth in customer loans during the period, compared with 38.67 per cent for retail, confirming the segment’s continued position as the bank’s largest lending growth driver.

Looking at both sides of the business, the data reveal a dual transformation at BANK NXT. Corporate deposits strengthened their relative weight in the funding base, while retail lending expanded at a faster pace.

This development indicates that the bank’s transformation over recent years extended beyond a change in commercial identity, coinciding with a restructuring of its business mix through deeper corporate activity and an expanded retail lending base.