Emirates NBD's net profit jumps by 267.5%, records EGP 1.942 Bn during H1-2023
First Bank
The latest business results of Emirates NBD _ Egypt released today on the bank's website, revealed an increase in the bank’s net profit, with a growth rate of 267.46%, to record EGP 1.942 bn during the first Half of 2023, compared to EGP 528.5 mn during the same period of 2022, an increase of EGP 1.414 bn.
Emirates NBD's pre-taxes profits jumped to reach EGP 2.733 bn during the first Half of 2023 compared EGP 910.7 mn during the same period of 2022, achieving a growth rate of 200.05%.
The bank’s Total assets rose by 14.56% during the first Half of current year, to record EGP 115.6 bn at the end of June 2023, compared to EGP 100.9 bn at the end of December 2022, with an increase of EGP 14.5 bn
Total Emirates NBD was able to granting credit to customers worth EGP 5.1bn, after Total loans and facilities to customers increased by a growth rate of 10.91% during the first Half 2023, to reach EGP 51.5 bn at the end of June 2023, compared to EGP 46.4 bn at the end of December 2022.
Moreover, The bank’s total deposit portfolio increased by a growth rate of 12.49% during the first Half of this year, after the bank was able to increase its deposits by EGP 10.6 bn, to record EGP 95.9 bn at the end of June 2023, compared to EGP 85.2 bn at the end of December 2022.
