Emirates NBD's retail loans grow by 10.4%, reaching EGP 15.6 bn during H1-2024

The financial statements of Emirates NBD-Egypt, for the period ending on June 30 of the current year, have revealed a growth in the bank's portfolio of retail loans by a rate of 10.42% during H1- 2024, amounting to an increase of EGP1.47 bn.

The size of the bank's portfolio of retail loans reached EGP 15.56 bn by the end of June 2024, compared to EGP 14.09 bn by the end of December 2023.

Emirates NBD's personal loans rose by 10.67% and witnessed an increase of EGP 1.26 bn during the first Half of this year to record EGP 13.07bn by the end of June 2024, compared to EGP 11.81bn by the end of December 2023.

The size of the bank's credit cards increased by 4.48%, with an increase of EGP 42 mn during the first 6 months of 2024, moving from EGP 943.8 mn by the end of December 2023, to reach EGP 986mn by the end of June 2024.

It is worth noting that the total customer loan portfolio rose by 18.96% and an increase of EGP 11.39 bn during the first Half of the current year, reaching EGP 71.46bn by the end of June 2024, compared to EGP 60.07bn by the end of December 2023.