NBK - Egypt reports 22.67-percent increase net profits in 9M2022

National Bank of Kuwait: Egypt (NBK-Egypt) reported EGP 1.288 billion in net profits in the nine months ended September 30, 2022, up 22.67% year-on-year, compared to EGP 1.051 billion in the corresponding period last year.

Operating revenues climbed by 28.10% to EGP 3.136 billion in 9M2022, from EGP 2.448 billion in the same period in 2021, while customer deposits grew by 14.50% to EGP 71.01 billion by September 30, 2022, from EGP 62.02 billion at the end of 2021.

Total assets stood at EGP 87.21 billion by the end of the third quarter, compared to EGP 77.49 billion at the end of 2021, up by 12.54%, while net balance of loans and credit facilities reached EG48.27 billion by the end of September 2022, up by 18.51% from EGP 40.72 billion by the end of 2021.

This reporting period, shareholders’ equity grew by 5.09% to EGP 10.822 billion from EGP 10.298 billion by the end of 2021.