Egypt’s NBE increases its market share in loans, deposits during H1\2022

The National Bank of Egypt (NBE), the largest state-run lender, has the largest market share of deposits among banks working in the Egyptian market accounting for 37.89 percent of the total deposits by the end of June 2022

The weekly market shares index:

The weekly market shares index follows up on National Bank of Egypt achievements in terms of market share during the first half of 2022.

It has been noted that NBE has increased its market share of deposits by 0.98%.

However, NBE has increased its market share of loans which acquired 40.11% of the sector’s total loans at the end of last June, compared to 37.18% at the end of 2021; adding about 2.93% to its market share during the first 6 months of 2022.

Yet, NBE has lost 1.62% of  the total value of its market share in assets during the first half of 2022, as it fell to 35.87% of the total assets of the banking sector at the end of June 2022, compared to 37.48% at the end of 2021.

Furthermore, the bank achieved a remarkable growth in its main portfolios; where its asset portfolio jumped by 11.33% to record 3.6 trillion pounds, and loans portfolio by 24.18% to post 1.4 trillion pounds, while its deposits portfolio jumped by about 17.33% to reach2.8 trillion pounds by the end of the first half of 2022.

To learn mor about NBE’s achievements and indicators during 2022, and its latest news, click here.