NBE's Resources Employment Rate Soars to 104.7%

National Bank of Egypt continued its expansion strategy over the past year, reflected in a surge in its resource employment rate to 104.7% by the end of 2022, compared to 98.5% at the end of 2021. This substantial increase outpaces the employment index of the banking sector, which stood at approximately 90.56% at the close of the previous year.

This index, introduced by First Bank research center, measures the employment rate of traditional resources (deposits + shareholders' Equity) versus (loans + financial investments) at banks operating in the Egyptian banking sector.

The significant leap in this index in 2022 showcases NBE's highly optimistic approach to resource employment during this period, prompting it to employ all of its traditional resources in loans and financial investments and supplement them with additional resources.

This is clearly reflected in the numbers, as the bank employed EGP3.61 tn in loans and financial investments, with EGP1.88 tn in financial investments and EGP1.73 tn in total customer loans, while the bank's traditional resources amounted to EGP 3.44 tn by the end of 2022.

The bank employed EGP2.53 tn from its traditional resources, which recorded EGP 2.57 tn at the end of 2021, in loans and financial investments, with EGP1.35 tn in financial investments and EGP1.17 tn in total  loans and facilities to cudtomers.

Regarding NBE's traditional resources at the end of 2022, they were distributed between EGP3.22 tn in customer deposit portfolio value and EGP223.08 bn in shareholders' Equity value.

Looking at Loans to deposits ratio at the bank, it increased to 53.63% by the end of 2022, up from 49.12% at the end of 2021.

Similarly, financial investment to deposits ratio rose to 58.34% at the end of the previous year, compared to 56.78% at the end of 2021.

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