Cairo – Mubasher: Customer deposits portfolio of the National Bank of Egypt (NBE) grew 17% year-on-year during the fiscal year 2018-2019, deputy chairman, Yehia Aboul Fotouh, said on Wednesday.
Total customer deposits portfolio reached EGP 1.186 billion in FY18/19, while the bank’s market share stood at 29% during the same period, Aboul Fotouh added, according to a statement.
The top official stated that the bank had attracted 1.3 million new customers from outside the banking market during the last fiscal year, increasing the total number of customers to 12.3 million.
The NBE has 483 branches and banking units across Egypt, Aboul Fotouh revealed, noting that the bank had opened 38 new branches in FY18/19.
The Egypt-based bank’s net profit declined to EGP 10.11 billion in FY17/18, compared to EGP 13.43 billion in the year-ago period.
