Emirates NBD’s loans to deposit ratio increased to 64.52% by June 2024end

The separate financial statements of Emirates NBD -Egypt, ending on June 30 of the current year, revealed an increase in loans to deposits ratio, recording 64.52% by the end of June 2024, compared to 58.51% by the end of December 2023.

The bank witnessed good performance in its key indicators, The Bank's deposit portfolio increased by 7.88%, an increase of EGP 8.09bn in the first 6 months of the current year, totaling EGP 110.75 bn by the end of June 2024, compared to EGP 102.66 bn by the end of December 2023.

The bank increased credit issuance to its customers by approximately EGP11.39bn during the first half of the current year, Total financing and facilitation for customers reaching EGP 71.46 bn by the end of March 2024, compared to EGP 60.07 bn by the end of December 2023.

On the financial position front, the bank achieved a growth rate of 11.82%, with an increase of EGP 15.14bn during the first 6 months of the current year, recording total assets around EGP 143.26 bn by the end of June 2024, compared to EGP 128.12 bn by the end of December 2023.

Emirates NBD’s net profits surged by 32.92%, with an increase of EGP639.4mn, registering EGP 2.581 bn during H1- 2024, compared to EGP 1.942 mn during the same period of 2023.