Mixed performance of NBK-Egypt's market shares

NBK-Egypt's market shares witnessed mixed performance during the first quarter of this year, with increases in its share in the deposit and financial investment markets rising slightly, but not enough to increase its share in the asset and loans markets.

In a recent monitoring conducted by First Bank to track the development of market shares of NBK - Egypt during the first quarter of this year, it revealed that its share in the asset market fell to 0.87% of total banking assets by the end of March 2024, compared to 0.92% by the end of 2023.

As for its share in the deposit market, it rose marginally to 1.10% of total banking sector deposits by the end of March 2024, compared to 1.04% by the end of 2023

This increase is due to a slight rise in the share of the family sector market to 0.83% of total family sector deposits in the banking sector by the end of March 2024, compared to 0.80% by the end of 2023

In terms of share in the loans market, it fell to 1.29% of total banking sector customer loans by the end of March, compared to 1.44% by the end of 2023

This decline comes despite NBK-Egypt's share in the retail banking market stabilizing at 1.46% of total retail loans of the banking sector by the end of March 2024, with little change from 2023, indicating that the primary source of the decline is its share in the corporate loans market.

As for National Bank of Kuwait - Egypt's market share in the stock market, it rose to 0.69% of total financial investments (securities) in the banking sector by the end of March 2024, compared to 0.66% by the end of December 2023

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