Hisham Okasha's success story with NBE

A long-standing journey of success in which his name was written to be one of the most important historical figures that led the bank. He was able to achieve record increases in its market shares in an unprecedented manner, acquiring about a third of the shares of the Egyptian banking sector.

NBE was able during Okasha's era to achieve strong numbers on its main indicators, as the bank managed to ente  trillions, after its asset portfolio jumped to EGP3.78 tn at the end of September 2022, compared to EGP366.09 bn at the end of June 2013, achieving A growth rate of 932.93%, an increase of EGP 3.42 tn.

The bank's deposit portfolio increased by 808.43%, to reach 2.84 tn by the end of September 2022, compared to EGP312.71 bn by the end of June 2013, an increase of EGP2.53 tn.

The bank’s loan portfolio also broke the trillion barrier during Okasha's era, as the bank’s total financing for customers reached EGP 1.46 tn at the end of September 2022, compared to EGP 114 bn at the end of June 2013, achieving a record growth of 1180.87%, and an increase of EGP 1.35 tn.

Due to the bank’s large expansion in corporate finance and companies, as its corporate loan portfolio reached EGP1.25 tn at the end of September 2022, compared to EGP91.70 bn at the end of June 2013, achieving a huge growth rate of 1266.78%. And an increase of EGP 1.16 tn.

The bank also expanded in the retail banking market, by the large increases in the bank’s financing to individuals, as its loans jumped from EGP 22.3 bn at the end of June 2013, to EGP206.79 bn at the end of last September, with a growth rate of 827.53. percent, an increase of EGP 206.79 bn.

Okasha significantly increased the bank’s reserves, jumping to EGP 22.46 bn at the end of last September, compared to EGP 7.73 bn at the end of June 2013, with a growth rate of 838.05%, an increase of EGP14.73 bn.

financial investment portfolio rose from EGP 187.08 bn at the end of June 2013 to EGP 1.75 tn at the end of September 2022, achieving a growth rate of 843.40%, an increase of EGP 1.57 tn.

Okasha also worked to increase paid-up capital of NBE, from EGP9.25 bn at the end of June 2013, to EGP50 bn at the end of last September, achieving a growth rate of 440.72%, and an increase of EGP40.75 bn.

It should be noted that the bank’s capital has witnessed a new increase during the last period, as the Official Gazette published in Issue 183 continued on August 22, the approval of the Central Bank of Egypt to amend Articles No. 6 and 16 of the articles of NBE.

Article 6 stipulates that the bank’s authorized capital is set at EGP 100 bn, and the bank’s issued capital is set at EGP 75 bn, paid in full, distributed over 75 billion shares wholly owned by the state, with a nominal value of one EGP per share.

This record performance prompted the National Bank of Egypt to achieve historic increases in its market shares, as it succeeded in adding about 11.5% to its share in the asset market, to jump to 34.94% of the total assets of the banking sector by the end of the third quarter of 2022, compared to 23.41% by the end of June 2013. .

The bank's market share in the financial investment market also achieved a historic high, jumping to 43.20% of the total financial investments (securities) in the banking sector at the end of the third quarter of 2022, compared to 28.61% at the end of June 2013.

The bank's share in deposit market jumped to 36.26% of total banking sector deposits at the end of September 2022, compared to 26.26% at the end of June 2013, successfully adding about 10% to its market share.

The bank’s market share in loan market witnessed a historic leap, as it was able to almost double its share, to record 40.36% of total banking sector loans by the end of September 2022, compared to 20.92% by the end of June 2013.

Due to the bank's success in increasing its share in retail financing to 29% of total retail loans in the banking sector by the end of the third quarter of 2022, compared to 18.14% at the end of June 2013