Emirates NBD's net profit jumps by 215.9%, records EGP 964.6 mn At Q1-2023

The Separate Financial Statements of Emirates NBD - Egypt, which ended on March 31, 2023, revealed an increase in the bank’s net profit, with a growth rate of 215.94%, to record EGP 964.654 mn during the first quarter of 2023, compared to EGP 305.327 mn during the same period of 2022, an increase of EGP 659.327mn

Emirates NBD's pre-taxes profits jumped to reach EGP 1.378 bn during the first quarter of 2023 compared EGP 506.408 mn during the same quarter of 2022, achieving a growth rate of 172.03%

Total loans and facilities to customers increased by a growth rate of 12.79% during the first quarter 2023, with an increase of EGP 5.936 bn, to reach EGP 52.340 bn at the end of March 2023, compared to EGP 46.404 bn at the end of December 2022.

Moreover, The bank’s total deposit portfolio increased by a growth rate of 4.12% during the first quarter of this year, after the bank was able to increase its deposits by EGP 3.511 bn, to record EGP 88.731 bn at the end of March 2023, compared to EGP 85.220 bn at the end of December 2022.

The bank’s Total assets rose by 8.07% during the first quarter of this year, to record EGP 109.08 bn at the end of March 2023, compared to EGP 100.938 bn at the end of December 2022, an increase of EGP 8.142 bn