NBE top banks on the First Bank Credit Competitiveness Index during H1-2024

The National Bank of Egypt (NBE) leads the First Bank Credit Competitiveness Index in Egypt last year, after its total loans and facilities rose to 3.268 trillion pounds by the end of June 2024, compared to 2.407 trillion pounds by the end of 2023, with an increase of 861 billion pounds.

The significant growth was due to the expansion of the Bank in the granting corporate loans, until the portfolio of corporate loans reached 2.777 trillion pounds by the end of June 2024, compared to 1.956 trillion pounds in December 2023, with a growth of 44% on a semi-annual basis.

The portfolio of SMEs' loans rose to 170 billion pounds by the end of June 2024, compared to 157 billion pounds in December 2023

The expansion of NBE in the field of retail banking also played an important role, with the portfolio of retail loans rising to 321 billion pounds by the end of June 2024, compared to 292 billion pounds in December 2023

These dramatic increases reflect the Bank's ability to strengthen its position as a key player in the Egyptian banking sector, supported by its innovative policies and strategic plans aimed at improving banking services and supporting economic projects

It also highlights the Bank's role in digital expansion, automating banking operations and providing flexible and easy electronic services and products, available through alternative channels such as the banking app, making it easier for customers to manage their accounts smoothly.

In addition to its huge geographical expansion, the number of branches reached 665 in June 2024, including 17 independent electronic service branches and 21 traditional branches with an electronic department.

The number of branches equipped to deal with disabled people has also registered about 83 branches with the creation of distinctive signs for branches that provide service with constant pursuit and attention to segments of disabled customers through the operation of slopes for the external entrance of the branch electronic elevators, telegram nets and low-rise ATMs Training most branches of our bank to deal with customers through sign language, providing translated application forms in Braille.

In addition to owning a large number of ATM machines, it reached 6786 in June 2024, and the number of POS machines reached about 588 thousand by the end of the same period.

In turn, it has contributed to improving customer experience and increasing operational efficiency, as well as benefiting from the stability of economic policies in Egypt over the past period, which has contributed to enhancing confidence in the banking sector, and has succeeded in attracting a giant segment of borrowers to it that is now approaching half the market share of the banking sector.

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