Emirates NBD corporate loans grow by 22%, reaching EGP 55.9bn during H1-2024
First Bank
The financial statements of Emirates NBD- Egypt, ending in June 30 2024, revealed that corporate loan portfolio of Emirates NBD increased with a growth rate of 21.58%, an increase of EGP 9.92 bn during the first quarter of the current year.
The total portfolio of corporate loans in the bank reached approximately EGP 55.90 bn by the end of June 2024, compared to EGP 45.98 bn by the end of December 2023, accounting for 78.23% of the total customer loans.
Direct loan portfolio of the bank increased with a growth rate of 42.78%, reaching EGP 19.03 bn by the end of June 2024, compared to EGP 13.33 bn by the end of December 2023, an increase of EGP 5.70 bn.
Additionally, the bank's Syndicated loans surged by 34.12% to record EGP 6.36bn by the end of June 2024 compared to EGP 4.74bn by the end of December 2023, with an increase of EGP 1.62bn.
Debit current accounts portfolio in the bank experienced a growth of 9.33%, with an increase of EGP 2.60bn during the first Half of this year, reaching a value of EGP30.52bn by the end of June 2024, compared to EGP 27.91 bn by the end of December 2023.
Total loans and facilities for customers increased by 19%, reaching EGP 71.46 bn by the end of June 2024, compared to EGP 60.07 bn by the end of December 2023, an increase of EGP 11.39bn.
