NBK-Egypt market shares developed in the first 9M of 2023
Mai El-Kafoury
The decline dominated the performance of NBK-Egypt's market shares during the first 9M of 2023, as the Bank's increases in its portfolio failed to raise its shares in the deposit, asset and investment markets, while it was sufficient to stabilize its share in the loan market.
In a recent monitoring conducted by First Bank to track the development of market shares of National Bank of Kuwait - Egypt during the first 9M of 2023, it revealed that the Bank lost about 0.12% of its market share in the asset market, falling to 0.80% of total banking assets by the end of Q3 of 2023, compared to 0.92% by the end of 2022.
The Bank's market share in the deposit market fell marginally to 0.97% of total banking sector deposits by the end of September 2023, compared to 0.98% by the end of 2022.
Despite the Bank's decline in the deposit market, its share in the family sector market rose slightly to 0.81% of total family sector deposits in the banking sector by the end of Q3 of 2023, compared to 0.79% by the end of 2022, reflecting that the source of the decline was due to the decline in its share in corporate deposits.
The market share of the Bank in the stock market also fell to 0.54% of total financial investments (securities) in the banking sector by the end of September 2023, compared to 0.76% by the end of December 2022.
In terms of its share in the loan market, it settled at 1.37% of total banking sector loans by the end of September 2023, with no change from 2022.
The stabilization of NBK-Egypt's share in the loan market, despite its success in making a slight positive move in its share of the retail banking market, rose to 1.46% of total retail banking sector loans by the end of September, compared to 1.44% by the end of 2022, adding about 0.02% to its share in that market.
