NBE customer loans soar by 31%, reaching EGP 2.26 tn during 9M- 2023
First Bank
The separate financial statement of NBE ending on September 30, 2023, revealed an increase in Total customer loans by 31% during 9M-2023, to record EGP 2.264 tn at the end of December 2023, compared to EGP1.72 tn at the end of December 2022, an increase of EGP 535 bn.
This growth was contributed by the increase in the total portfolio of the bank’s corporate loans to reach EGP 1.988 tn at the end of September 2023, compared to EGP 1.502 tn at the end of December 2022, to grow at a rate of 32.3%, and an increase of EGP 485.28 bn.
On the retail banking level, the volume of the bank’s retail loans portfolio increased by a growth rate of 21.85% and an increase of EGP 49.63 bn during the first 9 months 2023, to reach EGP276.7bn at the end of December 2023, compared to EGP 227.1 bn at the end of December 2022.
