Egypt’s NBE seen a growth of 18.9% in corporate loan portfolio during H1-22

The National Bank of Egypt announced that its corporate loan portfolio grew 192 billion Egyptian pounds to reach 1.2 trillion pounds in June 2022, i.e. with 18.9% growth rate compared to 1.012 trillion pounds  by the end of 2021

NBE continued to finance its large corporate customers and support the national economy in general through satisfying the financing needs required to achieve economic growth and promote national projects in different sectors affecting citizens’ needs.

Moreover, direct loans increased by 11.01%, to record 531.279 billion Egyptian pounds at the end of the first half of 2022, compared to 478.601 billion pounds at the end of 2021, an increase of 52.678 billion pounds.

The bank’s current account portfolio increased by 38.32%, jumping from 321.307 billion pounds at the end of 2021 to 444.432 billion pounds at the end of last June, an increase of 123.125 billion pounds.

However, NBE’s syndicated loan portfolio rose from 212.976 billion pounds at the end of 2021 to 229.146 billion pounds at the end of the first half of this year, achieving a growth rate of 7.59%, and an increase of 16.170 billion pounds.

Moreover, the bank’s personal loan portfolio increased by 18.29%, to record 188.450 billion pounds at the end of June 2022, compared to 159.311 billion pounds at the end of 2021, an increase of 29.139 billion pounds.

Furthermore, the bank's total loans jumped to 1.393 trillion pounds by the end of the first half of 2022, compared to 1.172 billion pounds by the end of 2021, with a growth rate of 18.86%, and an increase of 221 billion pounds.