NBE achieves a record decade under the leadership of Hisham Okasha

NBE indicators have witnessed record growth over the last decade, specifically during Hisham Okasha's leadership as Chairman of the Bank, since he assumed executive leadership in August 2013, and until the Bank's most recent financial statements in September 2023.

This is clearly evident in the indicators of NBE, in which the Bank managed to achieve exceptional growth in its main financial portfolios, which in turn led to massive increases in its market shares, as well as increased its capital more than 7 times, and boosted its geographical spread.

In a new monitoring conducted by First Bank to measure the development of the Bank's most important indicators since Okasha assumed executive leadership, it revealed that National Bank of Egypt had experienced a strong expansion in its businesses, with its assets portfolio surpassed EGP 5 tn by the end of September 2023, compared to EGP 366.6 bn by the end of June 2013, with a growth of 1268% and an increase of EGP 4.7 tn.

NBE customer deposits portfolio jumped by 1046% during the period under analysis, reaching EGP 3.6 tn by the end of Q3 of last year, compared to EGP 312.7 bn by the end of June 2013, with an increase that exceeded EGP 3 tn, as a result of introducing new products of saving deposits that are characterized by the variety in the periodical revenue and high competitive advantages.

The Bank's total customer loans rose from EGP 114 bn by the end of the second quarter of 2013, to EGP 2.3 tn by the end of September 2023, with a growth of 1886% and an increase of EGP 2.2 tn.

The increases in total customer loans are due to the Bank's significant expansion in corporate loans, approaching EGP 2 tn by the end of September, compared to EGP 91.7 bn by the end of the second quarter of 2013, with a growth of 2,067% and an increase of EGP 1.9 tn.

Under Hisham Okasha, the National Bank of Egypt (NBE) has expanded dramatically in the retail banking market, translated by significant increases in the Bank's retail loans. Its retail loans jumped from EGP 22.3 bn by the end of June 2013, to EGP 276.7 bn by the end of Q3 of 2023, with a growth of 1141% and an increase of EGP 254.4 bn.  

Okasha also increased Egypt's paid capital from EGP 9.25 bn by the end of June 2013, to EGP 75 bn by the end of September 2023, with a growth of 711.1%, and an estimated increase of EGP 65.8 bn.

It strengthened the Bank's internal and external geographical distribution, jumping from 338 branches and banking units inside by the end of June 2013 to 654 branches and banking units by the end of November 2023, including 38 solar-powered branches and 60 special needs service branches.

It also successfully increased the number of ATMs to 6,733 by the end of November 2023 (including 1,228 machines equipped to serve customers with visual disabilities and 34 machines to serve customers with motor disabilities), compared to 1,535 by the end of June 2013.

Okasha also ensured an effective external presence through the presence of NBE on most continents of the world through (the National Bank of Egypt) in United Kingdom, (NBE-Khartoum) in Sudan, (NBE-Juba) in South Sudan, (besides branches in New York, United States of America, Shanghai, China, and representation offices in Johannesburg, South Africa, Dubai, UAE and Addis Ababa, Ethiopia, as well as a huge network of reporters around the world in Europe - United States - Australia - Canada - Far East - Africa - Persian Gulf).

The strong growth in NBE indicators since Hisham Okasha assumed executive leadership resulted in record increases in market shares, with its share in the asset market jumping to 34% of the total assets of the banking sector by the end of Q3 of 2023, compared to 23.4% by the end of June 2013.

NBE's share in the deposit market rose to 36.61% of total banking sector deposits by the end of September 2023, compared to 26.26% by the end of June 2013, successfully adding about 10.4% to its market share.

The bank's market share in the loan market has seen a historic jump under his leadership, rising to 45.11% of total banking sector loans by the end of September 2022, compared to 20.92% by the end of June 2013.

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