Slight decrease in non-performing loan ratio for QNB Al Ahli to 4.85% by Q1-2023end

Non-performing loan ratio at Qatar National Bank Al Ahli witnessed a slight decrease during the first half of the current year, dropping to 4.85% by the end of June 2023, compared to 4.92% by the end of 2022.

This decline is attributed to the success of QNB Al Ahli in reducing the ratio of non-performing loans for Corporates from the bank's total financing to them to 5.53% by the end of June 2023, compared to 5.62% by the end of 2022.

This decrease comes despite an increase in the value of companies' defaults by 8.93%, reaching EGP11.37 bn by the end of the first half of 2023, compared to EGP10.44 bn by the end of 2022, with an increase of EGP931.84 mn.

The default ratio for individuals also decreased to 1.99% of the bank's total retail finance by the end of June 2023, compared to 2.04% by the end of 2022.

Despite the increase in the value of individual defaults to EGP961.96 mn by the end of the first half of 2023, compared to EGP924.63 mn by the end of 2022, with a growth rate of 4.04% and an increase of EGP37.33 mn.

It is worth mentioning that QNB Al Ahli has managed to make significant progress in its financing volume, maintaining its position as the largest private sector lender in Egypt.

The bank's total financing to customers rose by 10.05% during the first half of the current year, reaching EGP254 bn by the end of June 2023, compared to EGP230.8 bn by the end of 2022, with an increase of EGP23.19 bn.

The bank's retail loans jumped from EGP45.23 bn by the end of 2022 to EGP48.32 bn by the end of the first half of 2023, with a growth rate of 6.84% and an increase of EGP3.09 bn.

QNB Al Ahli's corporate finance rose to EGP205.63 bn by the end of June 2023, compared to EGP185.54 bn by the end of 2022, with a growth rate of 10.83% and an increase of EGP20.09 bn.