Industrial Activity is highest Receptive for QNB Corporate Loans by the end of 2023

Qatar National Bank has significantly strengthened its Corporates Loans over the past year, continuing its policy of supporting various economic activities, believing in its significant impact on economic growth.

This significant interest was reflected in the increase in its Corporates Loans, where portfolio growth grew by 15.67% over the past year, registering EGP 214.6 bn by the end of 2023, compared to EGP 185.5 bn by the end of 2022, with an increase of EGP 29.1 bn.

With the monitoring of QNB's tendency in granting Corporates Loans over the past year, QNB has significantly increased its share of industrial Corporates Loans from its total corporate loans, topping the Bank's list of preferences for granting Corporates Loans. The Bank's industrial Corporates Loans accounted for 56.8% of QNB's total Corporates Loans by 2023, compared to 51% by 2022.

In addition, the Bank's industrial Corporates Loans jumped by 28.7% in 2023, reaching EGP 121.8 bn by the end of the year, compared to EGP 94.7 bn by the end of 2022, with an increase of EGP 27.1 bn.

In the past year, QNB has reduced its tendency to grant Service Corporates Loans, with a relative weight of 27.7% of its total Corporates loans by the end of 2023, compared to 31.1% by the end of 2022, placing it second in the Bank's list of preferences for granting Corporates Loans. 

QNB’s Service Corporates Loans have witnessed a slight rise over the past year, recording EGP 59.5 bn by the end of 2023, compared to EGP 57.7 bn by the end of 2022, with a growth of 3% and an increase of EGP 1.7 bn.

Commercial Corporates came third in terms of QNB’s Corporates loans preferences, despite the decline in their share, with a relative weight of 13.7% of the Bank's total Corporates loans by the end of 2023, compared to 16.1% by the end of 2022.

Meanwhile, the Bank's Commercial Corporates loans amounted to EGP 29.5 bn by the end of 2023, compared to EGP 29.8 bn by 2022.

Agricultural Corporates ranked fourth in terms of QNB's preferences for granting Corporates loans, with a relative weight of 1.6% of the Bank's total Corporates loans by 2023.

QNB’s agricultural Corporates loans recorded EGP 3.4 bn by the end of 2023, while its loans to other Corporates reached EGP 396.6 mn by the end of the same period.

QNB's corporate loans policies resulted in a strong growth of its total customer loans portfolio, as it contributed a huge proportion to its total customer loans, controlling about 80% by the end of 2023.

The bank's total customer loans and facilities portfolio rose by 16.38% over the past year, registering EGP 268.6 bn by the end of 2023, compared to EGP 230.8 bn by the end of 2022, with an increase of EGP 37.8 bn.