NBE top largest banks in terms of market shares of assets

National Bank of Egypt continues to top the list of First Bank, the largest banks operating in the Egyptian banking sector in terms of the size of market shares of total asset portfolio by a large margin even from its closest competitors, thus continuing to dominate the throne of the Egyptian banking sector.

National Bank of Egypt accounts for more than a third of the assets of the Egyptian banking sector as a whole, as its market share reached about 35.51% of the total assets of the sector by the end of June 2023.

This large increase comes as a natural result of its great success in jumping its portfolio of assets to EGP4.9 tn by the end of June 2023, compared to EGP4.4 tn in 2022.

These strong increases in the size of the assets of National Bank of Egypt are due to many reasons, the most prominent of which is its large geographical spread, as it enjoys a huge number of branches, reaching 643 branches in June 2023, including 17 independent electronic service branches and 20 traditional branches equipped with an electronic corner, compared to 634 branches and banking units by the end of 2022, successfully adding 9 new branches during the current year.

In addition to its effective external presence in most continents of the world through National Bank of Egypt (UK), National Bank of Egypt – Khartoum (Sudan), National Bank of Egypt – Juba (South Sudan), National Bank of Egypt branches – New York (United States of America), Shanghai (China), and representative offices in Johannesburg (South Africa), Dubai (United Arab Emirates), Addis Ababa (Ethiopia), in addition to the National Bank of Egypt Company – Dubai International Financial Center to provide financial consulting, the bank also includes a huge network of correspondents in various parts of the world.

In addition to owning a large number of ATMs, the number of which reached 6.67 thousand machines by the end of June 2023, compared to 6.53 thousand machines by the end of 2022, achieving a growth rate of 2.17% on a semi-annual basis, thus accounting for about 29.39% of the total number of ATMs in the banking sector by the end of the same period.

In addition to its great interest in digital services, which have become indispensable for customers, which is reflected in the language of numbers, as it succeeded in attracting more customers to the field of Internet banking ‘Al Ahly Net” to reach a total of 7 million customers since its launch in 2022.

The number of subscribers to Phone Cash wallet increased to about 1.6 million wallets by the end of June 2023, compared to 1.5 million customers in 2022, with an increase of about 100 thousand new customers.

In general, National Bank of Egypt achieved a good performance during the current year, as the total loan portfolio increased by about 14.4% during the first half of the current year, to reach EGP1.978 tn by the end of June 2023, compared to EGP1.729 tn by the end of December 2022.

Customer deposit portfolio rose at a growth rate of 6.3%, to reach EGP3.4 tn by the end of June 2023, compared to EGP 3.2 tn by the end of 2022.