NBK Egypt sees varied performance in terms of market shares during 2022

The performance of National Bank of Kuwait Egypt in terms of market shares varied during the past year; the bank’s market shares in deposits, assets, witnessed a slight increase while declined in financial investments, and settled in the loan market.

NBK's market share in asset market slightly increased by 0.02% to acquire 0.92% of total banking sector assets at the end of 2022, compared to 0.90% at the end of 2021.

The bank’s market share in deposits slightly increased by 0.02% to reach 0.98% of total banking sector deposits at the end of 2022 compared to 0.90% at the end of 2021.

Despite NBK's success in increasing its share in deposit market, its market share in  householders' deposit declined to 0.79% of  total householders' deposits in the banking sector at the end of 2022, compared to 86% at the end of 2021.

In addition, NBK’s market share in loan market witnessed a stability, as it recorded 1.37% of total  banking sector loans at the end of 2022.

 retail loans witnessed a slight decrease, as it lost about 0.03% to reach 1.44% of total banking sector retail loans at the end of  2022, compared to 1.47% at the end of 2021.

Moreover, the bank’s market share in terms of financial investments declined to 0.76% of the total financial investments (securities) in the banking sector at the end of 2022,  compared to 0.86% at the end of 2021.