NBK – Egypt reports 9M2022 net profits of EGP 1.288bln, a 22.55% increase

NBK – Egypt reports 9M2022 net profits of EGP 1.288bln, a 22.55% increase

Al-Bahr:

- We are transferring the Group's experience in digital transformation to enhance the bank's competitiveness.

- NBK-Egypt is one of the fastest-growing banks in Egypt, with a significant presence in the Egyptian market.

- To meet rising demand, we plan to expand our market share, increase banking transactions, and improve product and services quality.

El-Tayeb:

- NBK-Egypt continued to deliver solid results, achieving significant growth across all financial indicators

- We are focused on improving our market position in retail banking by providing the most innovative financial services and products

National Bank of Kuwait: Egypt (NBK-Egypt) reported EGP 1.288 billion in net profits in the nine months ended September 30, 2022, up 22.55% year-on-year, compared to EGP 1.051 billion in the corresponding period last year.

Operating revenues climbed by 28.10% to EGP 3.136 billion in 9M2022, from EGP 2.448 billion in the same period in 2021, while customer deposits grew by 14.50% to EGP 71.01 billion by September 30, 2022, from EGP 62.02 billion at the end of 2021.

Total assets stood at EGP 87.21 billion by the end of the third quarter, compared to EGP 77.49 billion at the end of 2021, up by 12.54%, while net balance of loans and credit facilities reached EG48.27 billion by