Top Bank: National Bank of Egypt has lion share of deposits in Egyptian market

National Bank of Egypt 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, according to First Bank top 10 Bank Market Share by Deposits list.

The bank’s deposit portfolio recorded 2.8 trillion Egyptian pounds by the end of June 2022.

The strong performance of the bank is based on number of reasons including of the strength its brand name and the confidence of its customers, in addition to its huge network of branches, offices and banking units which are amounting to 615 branches and banking units serving about 17.8 million customers.

The bank is tirelessly aiming at facilitating it products and services for its customers. The bank launched many services to support the state’s financial inclusion plans; such as the Phone Cash and Cash Away services, and Al-Ahly WhatsApp. It has also concluded many protocols and agreements to expand the umbrella of financial inclusion and digital transformation, in addition to the continuous support for all sectors of the national economy.

As for the significant increase achieved by NBE during the first half of 2022, it is largely due to its offering of its one year saving certificates with return of 18%.

To view First Bank full list of top 10 Bank Market Share by Deposits, click here