First Bank analyses NBE’s investments map during Q1-2022

The state-run National bank of Egypt’s asset portfolio grew by 3.02%, to record 3.33 trillion pounds at the end of the first quarter of 2022, compared to 3.23 trillion pounds by the end of 2021 with an increase of 97.67 billion pounds according to latest financial data.

Upon analysing the first three months of 2022, NBE channels its expenditures into in financial investments, which is translated to an increase it its financial investments portfolio. Thus, the portfolio accounts for 45.14% of the bank’s total assets to 45.14% at the end March 2022, compared to 41.86% at the end of 2021.

The bank’s financial investment portfolio jumped by 11.12%, to record EGP 1.50 trillion at the end of March 2022, compared to EGP1.35 trillion at the end of 2021, achieving an increase of 150.46 billion pounds.

However, the bank has also redirected its investments to its net loan portfolio, as it acquired a relative weight of 38.31% of the bank’s total assets at the end of the first quarter of 2022, compared to 34.86% at the end of last year.

NBE’s asset portfolio also included balances within banks which accounted for 9.61% o at the end of last March, compared to 16.42% at the end of 2021.

The bank’s investments choices under the leadership of Hisham Okasha, Chairman of the Bank’s Board of Directors, enhanced the achievement of an unprecedented jump in its net profit as it jumped to 11.66 billion pounds during the first quarter of 2022.