National Bank of Egypt net profit posts EGP14.103Bn during H1-22

Egypt’s biggest lender, National Bank of Egypt (NBE) achieved net profit of 14.103 billion pounds while its net profit before tax amounted to 30.278 billion pounds during the first half of 2022.

In continuation of NBE’s distinguished results and leadership, its total deposits recorded EGP2.7 trillion in H1-22 compared to EGP2.3 trillion by the end of 2021 with a growth rate of 15.67%.

Moreover, NBE’s asset portfolio jumped by 13.11%, to record 3.657 trillion pounds at the end of last June, compared to 3.233 trillion pounds at the end of 2021 with an increase of 424 billion pounds.

NBE’s loan portfolio grew 18.8% YoY, amounting to EGP 1.3 trillion in June 2020 against EGP 1.17 trillion by the end of 2021 with an increase of EGP221 billion