retail deposits accounts for 70.5% of NBE's total deposits, reaching 2.43tn

The separate financial statements of National Bank of Egypt, ending on June 30, 2023, revealed retail deposits accounts for 70.5% of the bank's total deposits reaching a value of EGP 2.43 tn by the end of June 2023, compared to EGP 2.34 tn by the end of December 2022 with a growth rate of 3.7% during the first Half of 2023.

Total portfolio of corporate deposits at the bank recorded EGP 1.01 tn by the end of June 2023, compared to EGP 878.3 bn by the end of December 2022, accounts for 29.5% of the bank's total deposits.

It is worth mentioning that total portfolio of customer deposits at the bank increased by 6.9% during the first H1-2023, rising from EGP 3.22 tn by the end of December 2022, to reach EGP3.44by the end of September 2023.

In addition, Certificate of deposits grew by 5.9% during the first Half of last year, reaching EGP 2.22 bn by the end of June 2023, compared to EGP 2.10 tn by the end of December 2022, with an increase of EGP 123.6 bn.

Total portfolio of saving deposits reached around EGP 344.1 bn by the end of June 2023, compared to EGP 287.2 bn by the end of December 2022.

Total portfolio of Time and notice deposits jumped by 28.5% to record EGP 294 bn by the end of June 2023, compared to EGP 228.8 bn by the end of December 2022, an increase of EGP 65.19 bn.