NBE acquires 29.39% of ATM machines in the banking sector by June-2023 end

National Bank of Egypt managed to add around 142 new ATMs during the first 6 months of the current year, bringing the total number to 6.67 thousand ATMs by the end of June 2023, compared to 6.53 thousand ATMs by the end of 2022, achieving a growth rate of 2.17% on a semi-annual basis.

NBE also increased the number of POS machines to over 469,000 by the end of June 2023, compared to 403,000 by the end of 2022, with a growth rate of 16.38% on a semi-annual basis.

During this year, NBE was able to expand its geographic presence, raising its total number of branches to 643 in June 2023, including 17 independent electronic service branches and 20 traditional branches equipped with electronic corners, compared to 634 branches and offices by the end of 2022, adding 9 new branches during the current year.

NBE has made significant progress in digital banking services, attracting more customers to its online banking platform, "Al Ahli Net," with a total of 7 million subscribers since its launch in 2022.

The number of subscribers to phonecash wallet reached approximately 1.6 million by the end of June 2023, compared to 1.5 million customers in 2022, an increase of around 293,000 new customers.

Overall, NBE has performed well during the current year, with total loan portfolio increasing by 14.4% during the first half of the year, reaching EGP 1.978 tn by the end of June 2023, compared to EGP 1.729 tn by the end of December 2022.

Customer deposits also increased by a growth rate of 6.3% to reach EGP 3.4 tn by the end of June 2023, compared to EGP 3.2 tn by the end of 2022.

Total assets of the bank jumped to EGP 4.9 tn by the end of June 2023, compared to EGP 4.4 tn in 2022.