Emirates NBD achieves net profits of EGP1.1 bn during Q1-2024
First Bank
The financial statements of Emirates NBD-Egypt, ending on March 31, 2024, announced just ago on its official website, revealed that Emirates NBD's net profit rose by 13.34%, reaching EGP 1.093 bn during the first 3 months of the current year, compared to EGP 964.7 mn during the same period of 2023, with an increase of EGP 129 mn.
Pre-tax profit soared by 25.31%, reaching EGP 1.726 bn during the first quarter of 2024, compared to EGP 1.378 bn during the same period of 2023, with an increase of EGP 348.7 mn.
The bank's total customer loans increased by 8.35% during Q1-2024 to record EGP 65.1 bn by the end of March 2024, compared to EGP 60.1 bn by the end of 2023.
The bank's asset portfolio rose by 7.20% during 6the first quarter of the current year, reaching EGP 137.3 bn by the end of March 2024, compared to EGP 128.1 bn by December 2023 end, with an increase of EGP 9.23 bn.
In addition, Emirates NBD's customer deposits reaching EGP 106.7 bn by the end of March 2024, compared to EGP 102.7 bn by the end of 2023, with a growth rate of 3.97% and an increase of EGP 4.08 bn.
