NBE Tops First Bank index for depositors’ confidence

The National Bank of Egypt continued to attract huge segments of depositors, as evidenced by the rise in its customer deposits portfolio by EGP 378 bn, reaching EGP 3.60 tn by the end of December 2023, compared to 3.22 tn by the end of December 2022, leading the First Bank's index of depositors' confidence over the past year. 

The huge increases achieved in the size of the Bank’s customer deposits are due to many reasons, most notably the introduction of numerous certificates and savings deposits with record revenues, often exceeding most of the revenues offered to competing products.

In addition to the Egyptians' great confidence in it, which is constantly increasing thanks to its outstanding performance, and its professional team.

The huge geographical spread of the NBE also plays a role in the growing size of its deposits as its branches were expanded to approximately 654 branches and banking units by the end of November 2023, including 38 solar-powered branches and 60 special needs service branches and 6733 ATMs, including 1228 ATMs equipped to serve customers with visual disabilities and 34 ATMs to serve customers with motor disabilities. This establishes the principle of sustainability by providing banking services to all segments of society, which is carried out according to the customer needs study.

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

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