NBE Dominates ‘First Bank’ Ranking with 41.92% Market Share in Loan Portfolios

NBE continues to lead First Bank list as the largest banks in the Egyptian banking sector in terms of market share for loan portfolios. This is attributed to its significant offering of distinguished loan products that have successfully attracted a large customer base, both retail and corporates.

As of June 2023, NBE tops First Bank list among the largest Egyptian banks in market share for loan portfolios, holding a massive market share of 41.92% of the total banking sector loans by the end of the same period.

Throughout the current year, the bank has achieved substantial growth in its customer financing portfolio, with a 14.4% increase in its total loan portfolio 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.

In the current year, the bank has demonstrated strong performance, with a 6.3% increase in its customer deposit portfolio, reaching EGP 3.4 tn by the end of June 2023, compared to EGP 3.2 tn by the end of 2022.

The bank’s asset portfolio has risen to EGP 4.9 tn by the end of June 2023, compared to EGP 4.4 tn in 2022.

The bank has expanded its branch network to 643 branches 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. It has added 9 new branches during the current year.

Additionally, the bank has added 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.

To view the full list, click here.