NBK Egypt’s net profits grow by 102%, recording EGP 3.17 bn during H1-2024

The financial statements of NBK- Egypt, recently announced on the bank’s website, reveal a 102% growth in its net profits, reaching EGP 3.17 bn during H1-2024, compared to EGP 1.57 bn during the same period in 2023.

The bank’s net interest income jumped by 62%, reaching EGP 5.20 bn during H1-2024, compared to EGP 3.20 bn during the same period in 2023.

Net customer loans and facilities increased by 25.31%, reaching EGP 94.22 bn by the end of June 2024, compared to EGP 75.19 bn by the end of December 2023.

The bank’s deposit portfolio surged by 21.91%, during the first Half of the current year, to record EGP 129.11 bn by the end of June 2024, compared to EGP 105.9 bn by the end of December 2023.

The return on average assets (ROA) recorded 4.3%, during H1-2024, , compared to 2.9% during the same period  2023.