Mixed performance of NBK-Egypt's market shares

NBK-Egypt's market shares witnessed mixed performance during the past year, as the increases the Bank achieved raised its share in loans and deposits markets slightly. These increases were sufficient to stabilize its share in the asset market, but were not enough to increase its share in the stock market.

In a recent monitoring conducted by First Bank to track the development of market shares of National Bank of Kuwait - Egypt in 2023, it revealed that its share in the asset market stabilized at 0.92% of total banking sector assets by the end of last year, without any change from 2022.

As for its share in the deposits market, it rose marginally to 1.04% of total banking sector deposits by the end of 2023, compared to 0.98% by the end of 2022.

This increase is due to a slight rise in the share of the family sector market to 0.80% of total family sector deposits in the banking sector by the end of 2023, compared to 0.79% by the end of 2022.

In terms of share in the loans market, it rose to 1.44% of total banking sector customer loans by the end of last year, compared to 1.37% by the end of 2022.

This increase is due to its success in making a small positive move in its share of the retail banking market, rising to 1.46% of the banking sector’s total retail loans by the end of the last year, compared to 1.44% by the end of 2022, adding about 0.02% to its share in that market.

While NBK-Egypt’s market share in the stock market fell to 0.66% of total financial investments (securities) in the banking sector by the end of 2023, compared to 0.76% by the end of December 2022.

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