NBE increases its total customer loans portfolio by more than EGP 1.7 tn since 2018
Mai El-Kafoury
NBE loans have witnessed record growth over the past five years, with total customer loans jumping by 323.24%, reaching EGP 2.26 tn by the end of September 2023, compared to EGP 534.99 bn by the end of 2018.
The record increases in the Bank’s total loans of more than EGP 1.7 tn during the period under analysis increased its market share tremendously, rising to 45.11% of total banking sector loans by the end of September 2023, compared to 29.69% by the end of 2022.
Monitoring its journey over the period under analysis, we find that the highest growth rate of the portfolio was in 2020, where the portfolio rose by about 51% on an annual basis, to EGP 860.8 bn by the end of the year, compared to EGP 569.9 bn by the end of 2019, with an increase of about EGP 291 bn.
While 2022 was the highest in terms of the increase value, the Bank's total customer loans jumped by EGP 555.4 bn on an annual basis, reaching EGP 1.72 tn by the end of the year, compared to EGP 1.17 tn by the end of 2021, with growth of 47.38%.
In terms of portfolio performance over the past year, it rose by about 31.06% during the first 9M of 2023, to reach EGP 2.26 tn by the end of Q3 of last year, compared to EGP 1.72 tn by the end of 2022, with an estimated increase of about EGP 536.7 bn.
In terms of the directions of the loan portfolio of NBE over the past 5 years, corporates control the total portfolio.
This percentage is noted to have relative stability during the period under analysis, controlling 87.78% of the Bank's total loans by the end of September 2023, compared to 89.08% by the end of 2018
Retail loans accounted for about 12.22% of the bank's total loans by the end of September, compared to 10.92% by the end of 2018.
The Bank's retail banking sector loans rose by 373.49% during the period under analysis, reaching EGP 276.7 bn by the end of Q3 of 2023, compared to EGP 58.4 bn by the end of 2018.
Bank corporate loans have jumped by EGP 1.5 tn over the past five years, registering EGP 1.99 tn by the end of September 2023, compared to EGP 476.5 bn by the end of 2018.
