NBE tops the Egyptian banking sector, accounting for 35.17% of the sector's total assets
The National Bank of Egypt (NBE) leads the First Bank list of the largest banks operating in the Egyptian banking sector in the asset market by the end of June 2024, far ahead of its nearest competitors, continuing to top the Egyptian banking sector.
NBE amounted to more than one third of The Egyptian banking sector’s assets, accounting for 35.17% of the sector's total assets by the end of June 2024.
This increase comes as a result of its ability to increase its asset portfolio to EGP 6.8 tn by the end of June 2024, compared to EGP 5.2 tn in December 2023, with growth of EGP 30.77% and an increase of EGP 1.6 tn
Overall, the Bank has achieved a strong performance during this year, enhancing its branch network to 665 branches in June 2024, including 17 independent electronic service branches and 21 traditional branches with an electronic department.
It also managed to add 76 new ATMs during the first six months of this year, bringing the total number of machines to 6,786 by the end of last June, compared to 6,710 by the end of 2023
The number of branches equipped to deal with people of determination is about 83 with the creation of distinctive banners 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 of most branches to deal with customers through sign language, provision of translated application forms in Braille.
The number of POS machines rose from 523 thousand by the end of December 2023, to 588 thousand by the end of June 2024.
At the Bank's main portfolio level, the Bank's customer deposit portfolio rose to EGP 4.3 tn in June 2024, compared to EGP 3.7 tn in December 2023, with growth of 16.22% on a semi-annual basis.
Total customer loans and facilities rose by 35.77% in the first half of this year, reaching EGP 3.268 tn by the end of June 2024, compared to EGP 2.407 tn by the end of 2023, with an increase of EGP 861 bn.
The corporate loan portfolio jumped to EGP 2.777 tn by the end of June 2024, compared to EGP 1.956 tn in December 2023, with growth of 44% on a semi-annual basis
The SME loans portfolio increased to EGP 170 bn by the end of June 2024, compared to EGP 157 bn in December 2023
The portfolio of retail loans rose to EGP 321 bn by the end of June 2024, compared to EGP 292 bn in December 2023, with a growth of 9.93% on a semi-annual basis
To view the full list. Click More
