132.23 billion pounds in just nine months! Thus, the National Bank of Egypt wrote a new chapter in the history of the local banking sector, achieving a boom in net profits with a growth rate of 12% compared to the same period of the previous year.
The financial statements announced today revealed that the bank broke the barrier of…5.6 trillion pounds In total customer deposits, recording a growth of 13.4% during the first nine months of this year, reaching specifically 5.63 trillion pounds at the end of last September.
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The portfolio of loans and credit facilities provided to customers achieved a remarkable recovery, with an increase of 14.5% to reach 4.38 trillion pounds, while the income resulting from fees and commissions witnessed a significant jump of 38% to record 26.2 billion pounds during the same period.
In an additional achievement, net income from royalties increased by 24% during the third quarter of the year on an annual basis, reaching 250.93 billion poundsThis reflects the strength of the operational performance of the prestigious banking institution.
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These distinguished results confirm the National Bank’s position as the largest banking institution in Egypt and the region, and reflect the growing confidence of customers in its advanced banking services.
