The National Bank of Egypt (NBE) has accounted for 27.3% of the total loan volume of banks operating in the Egyptian market by the end of 2016. The loan portfolio reached EGP 352.6bn in December 2016, a growth of 52% over June 2016. The bank’s total equity reached EGP 68.9bn in December 2016, compared to EGP 38.6bn in June 2016. Retail loans at NBE increased 10% to EGP 42.1bn in December 2016, compared to EGP 38.1bn in June 2016. The number of credit cards increased by 72,000 to 864,000 in December 2016, compared to 792,000 in June 2016.

Source: Daily News Egypt May 29, 2017 05:48 UTC