NBE's Loans to deposit ratio Jump to 53.63% By end of 2022

The separate financial statements of National Bank of Egypt-NBE, which ended on December 2022, have revealed an increase in Loans to deposit ratio with a rate of 53.63% at the end of last year compared to 49.12% at the end of 2021.

The bank was able to increase its customer deposit portfolio by EGP 835.18 bn, recording EGP 3.22 tr at the end of 2022, compared to EGP2.39 tr by the end of 2021, achieving a growth rate of 35% on an annual basis.

The Bank's Total customer loans jumped by EGP555.43 bn, to record EGP1.73 tn by the end of 2022, compared to EGP1.17 tn by the end of 2021, with a growth rate of 47.38% on annual basis.

Overall, the National Bank of Egypt witnessed a strong performance over the past year, as its net profit reaching EGP35 bn at 2022.

At the level of financial position, NBE achieved a growth rate of 35.16% during the last year, as total assets recorded around EGP 4.37 tn by the end of 2022, compared to EGP 3.23 tn by the end of December 2021, achieving an increase of EGP 1.14 bn.

The bank was able to increase its retail deposits worth EGP 496.63 bn, as surged by 26.89% during the last year, to record EGP 2.34 tn by the end of 2022, compared to EGP 1.85 tn by the end of December 2021.

while corporate deposits jumped by 62.72%, registering EGP878.30 bn by the end of 2022, compared to EGP539.75 bn by the end of 2021, with an increase of EGP338.55 bn.