Emirates NBD's Retail deposits grow by 17.2% during Q1-2024, recording EGP 35.6 bn 

Emirates NBD - Egypt separate financial statements, which ended March 31, revealed an increase of 17.24% in the retail deposit portfolio and an increase of EGP 5.23 bn during the first quarter of this year, recording EGP 35.57 bn by the end of March 2024, compared to 30.34 bn by the end of December 2023.

The size of the corporate deposit portfolio was EGP 71.17 bn by the end of March 2024, accounting for 66.68% of the bank's total deposits, compared to EGP 72.32 bn by the end of December 2023.

The Bank's total customer deposit portfolio rose by 3.97% and increased by EGP 4.08 bn in the first quarter of this year, moving from EGP 102.66 bn by the end of December 2023, to EGP 106.73 bn by the end of March 2024.

The demand deposits portfolio rose by 17.87% in the first quarter of this year, registering EGP 52.57 bn by the end of March 2024 compared to EGP 44.60 bn by the end of December 2023, while the size of the other accounts portfolio increased by 9.84% during the same period.

As for the bank's certificates of savings and deposit portfolio, it rose by EGP 672 mn and a growth rate of 4.72% during the first quarter of this year, reaching EGP 14.92 bn by the end of March 2024, compared to EGP 14.25 bn by the end of December 2023.

Other Deposits portfolio grew by 24.72% in the first quarter of this year, reaching EGP 2.26 bn by the end of March 2024, compared to 1.81 bn by the end of December 2023, while the Time Deposits portfolio was about EGP 33.71 bn by the end of March.