The market shares of NBK- Egypt decline during H1-2023
First Bank
The decline affected the bank's performance in deposit, asset, and financial investment markets, despite its financial portfolio increases. However, these increases were sufficient to raise its share in the loan market.
First Bank monitors the market shares evolution of National Bank of Kuwait- Egypt during the first half of 2023.
Asset Market:
The bank's market share in the asset market decreased by about 0.09%, reaching 0.83% of the total banking sector assets by the end of the second quarter of 2023, compared to 0.92% at the end of the previous year.
Financial Investments:
NBK-Egypt's market share in the securities market decreased to 0.68% of the total financial investments in the banking sector by the end of the first half of 2023, compared to 0.76% at the end of December 2022.
Loan Market:
The bank's market share in the financing market increased to 1.44% of the total banking sector loans by the end of June 2023, compared to 1.37% at the end of 2022, adding 0.07% to its share. This increase was a result of the bank's ability to raise its share in the retail financing market, reaching 1.46% of the total retail loans in the banking sector by the end of last June, compared to 1.44% at the end of 2022, adding about 0.02% to its share in that market.
Deposit Market:
NBK- Egypt's market share in the deposit market decreased to 0.95% of the total banking sector deposits by the end of the first 6 months of 2023, compared to 0.98% at the end of 2022, losing about 0.04% of its share. Despite the decrease in the bank's deposit market share, its share slightly increased in the family sector to 0.81% of the total family sector deposits in the banking sector by the end of the first half of 2023, compared to 0.79% at the end of 2022. For more info and news about NBK - Egypt,
