NBE continues to lead the deposit market in Egypt with a market share of 35.89%
First Bank
National Bank of Egypt maintains its position as the top bank, surpassing competitors in the Egyptian banking sector in terms of deposit market share.
The increase is attributed to its success in growing its customer deposit portfolio by approximately 6.3% to reach EGP3.4 tn by the end of June 2023.
The bank’s commitment to offering high-yield certificates and savings instruments, coupled with the trust of Egyptians in its performance and professionally trained team, contributes to its dominance in the Egyptian deposit market.
Additionally, the bank has shown overall good performance, with a 14.4% increase in the total loan portfolio during the first half of the current year, reaching EGP1.978 tn by the end of June 2023.
The bank has expanded its branch network to 643 branches, including electronic service branches and traditional branches with electronic corners, adding 9 new branches during the current year.
Moreover, it has increased the number of ATMs to 6.67 thousand and point-of-sale machines to over 469 thousand, achieving growth rates of 2.17% and 16.38% respectively on a semi-annual basis.
