The National Bank of Egypt’s (NBE) total asset portfolio increased to EGP 2.6 trillion, acquiring a market share of more than 30% in the Egyptian banking sector, the bank’s Deputy Chairman, Yehia Aboul Fotouh, was cited by local press.
The bank’s deposits grew to EGP 2.3 trillion, while the loan portfolio amounted to EGP 1.1 trillion at the end of October, Aboul Fotouh said in a conference on Tuesday.
The retail loans reached EGP 150 billion and the small- and medium-sized loans stood at EGP 100 billion, he added.
Moreover, the real estate development and construction portfolio jumped to EGP 100 billion from EGP 25 billion a few years ago.
The bank is currently studying several offers submitted by real estate developers to use the assets that were transferred to the bank under a settlement with Ahmed Bahgat Group.
