NBK Egypt’s Resources Employment Rate declines to 92.36% At 2022
National Bank of Kuwait Egypt witnessed a decline in its resources employment rate by 92.36% at the end of 2022, compared to 96.91% at the end of 2021.
The resources employment indicator, launched by First Bank, measures to what extent the bank is employing its traditional resources (deposits + shareholders’ Equity) in loans and financial investments.
The bank has invested EGP 88.41 bn of its traditional resources, EGP 95.73 bn, by the end of 2022 into loans and financial investments, It invested EGP54.9 bn into Total customer loans and EGP 33.46 bn into financial investments.
While the bank directed EGP70.09bn of its traditional resources, which recorded EGP 72.32 bn by the end of 2021 into total customer loans and financial investments, as invested EGP41.4bn into total loans and EGP28.69 bn into financial investments.
The bank's traditional resources at the end of 2022 were distributed between EGP 84.46bn into its deposit portfolio, and EGP 11.27 bn into shareholder’s Equity at the end of the same period.
Furthermore, Bank’s Loans to deposit ratio decreased to 65.06% at the end of 2022, compared to 66.74% at the end of 2021, while financial investments to deposits ratio fell to 39.62% at the end of 2022 compared to 46.26% at the same comparable period.
Despite the decline in the bank's employment index during 2022, the value of the index that recorded 92.36% remained at levels higher than the sector average.
The banking sector's employment index during 2022 recorded 90.56%, due to the bank’s continuity to apply a conservative policy towards loans and financial investments.
