Service sector the highest-receiving of Emirates NBD’s loans by the end of September 2024

The separate financial statements of Emirates NBD-Egypt for the financial period ending last September revealed that the total customer loans of the bank rose by 32.34% in the first 9 months of this year, to EGP 79.5 bn by the end of September 2024, compared to EGP 60.1 bn by the end of 2023, with an increase of EGP 19.4 bn.

This strong growth indicates how efficiently Emirates NBD strategies are promoting financing services and responding to growing market needs, in various economic sectors.

It also reflects its success in attracting customers and increasing the beneficiary base of its services, thereby contributing to the achievement of its development goals and raising its competitiveness in the Egyptian market

Emirates NBD's customer loans portfolio is strategically spread across various key economic sectors, including services, industrial, commercial, family and agricultural sectors

Turning to their retail performance, the Bank's loans for the services sector rose to EGP 29.7 bn by the end of September 2024, compared to EGP 21.6 bn by the end of 2023, with a growth of 37.34%, and an increase beyond EGP 8 bn.

The services sector accounted for 37.33% of total Emirates NBD customer loans by the end of September 2024, making it the highest receptive sector for Bank’s laons.

As for the Bank's loans to the industrial sector, it rose by 43.64% in the first 9 months of this year, registering EGP 27.5 bn by the end of September 2024, compared with EGP 19.1 bn by the end of 2023, representing an increase of EGP 8.3 bn.

The industrial sector controlled about 34.56% of Emirates NBD's total customer loans by the end of September 2024

Emirates NBD Family Sector Loans increased from EGP 14.1 bn by the end of 2023 to EGP 17.1 bn by the end of September 2024, with growth of 21.04% and an increase of EGP 3 bn

Family sector loans accounted for about 21.45% of Emirates NBD's total customer loans by the end of September 2024

With respect to the Bank's loans for the agricultural sector, it recorded EGP 46.4 mn by the end of September 2024, controlling about 0.06% of Emirates NBD's total customer loans by the end of the same period.

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