NBE at the forefront of Egypt's loan market

The National Bank of Egypt (NBE) leads its list of the largest banks operating in the Egyptian banking sector in the loan market by the end of June 2024, far ahead of even its closest competitors, continuing its quarter on the top of the Egyptian banking sector.

The Bank accounts for more than one third of the Egyptian banking sector's loans as a whole, accounting for about 45.33% of the sector's total loans by the end of June 2024.

This increase is a result of the fact that it was able to increase its total loan portfolio by 35.77% during the first half of this year, reaching 3.268 trillion pounds by the end of June 2024, compared to EGP 2.407 tn by the end of 2023, with an increase of EGP 861 bn.

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

It also highlights the Bank's role in digital expansion, mechanizing banking operations and providing electronic services and products with flexibility and ease, available via alternative channels such as the banking phone app, which made it easier for its customers to manage their accounts smoothly and generally, NBE 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 added 76 new ATMs during the first six months of this year, bringing the total number of machines to 6,786 by the end of 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 customers of determination through the operation of slopes for the external entrance of the branch electronic elevators, telegram nets and low-rise ATMs Training the majority of its branches to deal with customers through sign language, providing translated application forms in Braille.

The number of POS  rose from 523 thousand by the end of December 2023, to 588 thousand by the end of June 2024.

The Bank's cusy 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.

Its portfolio of assets jumped to EGP 6.8 tn by the end of June 2024, compared to EGP 5.2 tn in December 2023, with growth of 30.77% and an increase of EGP 1.6 tn.

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