Emirates NBD Egypt Achieves Net Profits Worth EGP 1.4 BN During Q1-2025

Cairo, Egypt – 7th May 2025:

Emirates NBD Egypt one of the largest banks operating in the banking sector – announced that it achieved net profits of EGP 1.4 bn during Q1-2025, compared to EGP 1.1 bn during the same period in 2024, with an increase of 31%, which reflects the strength and sustainability of the bank’s performance in the banking market, and embodies its commitment to providing innovative banking services that meet customer needs and enhance its leadership position.

The bank’s profit before income taxes increased to EGP 2.1 bn during the first quarter of 2025, compared to EGP 1.7 bn during the same period in 2024, representing a growth of 20%.

The bank also recorded a significant increase in income growth, as net interest income reached EGP 3 bn during the first quarter of 2025, compared to EGP 2.6 bn during the same period in 2024, with an increase rate of 16%.

Net fees and commissions income amounted to EGP 463 mn during the first three months of this year, an increase of 20% over the same period in 2024.

In addition, total shareholders’ equity recorded EGP 18.3 bn at the end of the first quarter of 2025, compared to EGP 17.4 bn at the end of last year.

The total customer loans and facilities portfolio also increased by about 5% during the first quarter of this year, reaching EGP 88 bn by the end of March 2025, compared to EGP 84.1 bn by the end of 2024, distributed as follows: EGP 19.5 bn as retail loans, EGP 68.5 bn for corporates.

The bank’s total assets jumped to EGP 173.8 bn by the end of March 2025, representing a 9% growth compared to 2024.

The bank’s customer deposits increased by about 5% during the first quarter of this year, reaching EGP 134.8 bn by the end of March 2025, including EGP 79.2 bn for corporates, and EGP 55.6 bn for retail deposits.

Amr ElShafei, CEO and Managing Director of Emirates NBD Egypt, commented that the solid set of financial results for the quarter reflect the continued resilience of our diversified business model and the trust placed in us by our clients. We delivered healthy growth in core earnings, preserved robust asset quality, and maintained a strong capital position. I am pleased to see that our strategy continues to yield more success and a stronger market position.

Over the past quarter, we have deepened client relationships, accelerated digital adoption, and strengthened our presence across key segments.

Investment in technology and people continues to pay off, with sustained growth in our retail and corporate portfolios and rising engagement on digital platforms.

We also advanced several strategic initiatives with a special focus on sustainability, inclusion, and operational efficiency—ensuring our business remains agile and responsive to client needs.

 Looking ahead, we remain committed to building a future-ready bank that delivers consistent, responsible growth. We see significant opportunities in expanding our digital offerings, supporting the transition to a more sustainable economy, and unlocking new value through strategic partnerships and innovation.

With a clear roadmap and a talented team, we are confident in our ability to deliver on our ambitions and create lasting impact for our customers, shareholders, and communities.

It is worth mentioning that Emirates NBD Egypt entered the Egyptian market in June 2013 by acquiring BNP Paribas in Egypt.

The bank has a large network of branches, amounting to 63 branches by the end of March 2025, and it also owns about 338 ATMs distributed throughout the Republic to reach its customers in various locations.

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