Emirates NBD Egypt recorded a composite growth rate of 44.19% in all its activities that included net profits,

Analysis

Emirates NBD grows by 44.2% On First bank’s Composite Growth Index At 2022

4/16/2023 1:33:00 PM

Emirates NBD Egypt recorded a composite growth rate of 44.19% in all its activities that included net profits, deposit portfolio, loan portfolio, and asset portfolio During 2022, according to its latest separate financial statements.

This rate was measured through a composite growth index developed by First Bank to measure the financial performance of banks with a single figure by the end of 2022.

The bank was able to achieve positive results in all four sub-indicators (net profits, deposit portfolio, loan portfolio, and asset portfolio), led by net profits that recorded a growth rate of 116.76% to record EGP 1.181bn by end of 2022, compared to EGP 544.7mn at the end of 2021.

The bank’s deposits portfolio came in second place as it increased to EGP85.2bn by end of 2022, compared to EGP 67.6 bn by the end of 2021, achieving a growth rate of 26.10%, and an increase of EGP 17.6 bn.

Furthermore,The bank’s asset portfolio recorded a growth rate of 22.23% to record EGP 100.9bn by end of 2022, compared to EGP 82.6 bn at the end of 2021 with an increase of EGP 18.4bn.

the bank's Total loans and facilities to customers jumped by 11.66% to record EGP 46.4bn at the end of 2022, compared to EGP 41.6 bn at the end of 2021 with an increase of EGP 4.8 bn.