Emirates NBD customer deposits portfolio jumps by 145% in 5 years
First Bank
Emirates NBD - Egypt's separate financial statements revealed that the bank's customer deposits portfolio has risen by 145.24% over the past five years, jumping from EGP 41.9 bn by the end of 2018, to EGP 102.7 bn by the end of 2023, with an increase of EGP 60.8 bn.
Tracking its journey during the period under analysis, the highest growth rate, and the largest increase value, was seen in the portfolio in 2021, where the portfolio jumped by 40.17%, reaching EGP 67.6 bn by the end of the year, compared to EGP 48.2 bn by the end of 2020, with an increase of EGP 19.4 bn.
As for last year's portfolio performance, it jumped to EGP 102.7 bn by the end of 2023, compared to EGP 85.2 bn by the end of 2022, with a growth of 20.46% and an increase of EGP 17.4 bn.
The Bank's deposit market directions are controlled by corporates, accounting for 70.45% of the Bank's total deposits by the end of 2023, compared to 60% by the end of 2018.
While retail deposits took 29.55% of the Bank's total customer deposits portfolio by the end of 2023, compared to 40% by the end of 2018.
Retail deposits in Emirates NBD rose by 81.2% during the period under analysis, reaching EGP 30.3 bn by the end of 2023, compared to EGP 16.7 bn by the end of 2018, with an estimated increase of EGP 13.6 bn.
The corporate deposit portfolio rose from EGP 25.1 bn by the end of 2018, to EGP 72.3 bn by the end of 2023, with a growth rate of 187.95%, and an increase of about EGP 47.2 bn.
