National Bank of Egypt Records EGP 6.5 Billion Net Profit in Nine Months

National Bank of Kuwait – Egypt reported net profits of approximately 6.5 billion Egyptian pounds (equivalent to 40 million dinars) during the first nine months of 2026. Net operating income rose to around 13.2 billion Egyptian pounds for the nine-month period ending September 30, 2026, up from 11.8 billion Egyptian pounds in the same period of 2025, representing a growth rate of 11.4%. Net income from income also increased to 11.2 billion Egyptian pounds by the end of last September, compared to 10.2 billion Egyptian pounds in the corresponding period of 2025, marking a 9.5% growth.

Net income from non-income activities recorded a 23% year-on-year increase, reaching 2.03 billion Egyptian pounds during the first nine months of 2026, compared to 1.64 billion Egyptian pounds in the same period of 2025. Meanwhile, profits from financial investments rose to 77 million Egyptian pounds by the end of the third quarter of 2026, up from 38 million Egyptian pounds in the corresponding nine-month period of 2025, reflecting a growth rate of 104%. Conversely, the cost-to-net operating income ratio stood at 26.8% by the end of the third quarter of 2026.

The bank’s total assets grew to approximately 280 billion Egyptian pounds by the end of the first nine months of 2026, up from roughly 225 billion Egyptian pounds at the end of 2025, a growth rate of 25%. Net loans and facilities to banks and customers amounted to approximately 150 billion Egyptian pounds by the end of the third quarter of 2026, compared to 121 billion Egyptian pounds at the end of 2025, representing a 24% increase. Customer deposits rose to 212 billion Egyptian pounds by the end of the third quarter of 2026, up from approximately 180 billion Egyptian pounds at the end of 2025, an increase of roughly 18%.

Net income from fees and commissions rose to 11.9% of net operating income at the end of the third quarter of 2026, compared to 11.3% at the end of the same period in 2025, while the return on average assets reached 3.4% at the end of the third quarter of 2026, and the return on average equity stood at 26.4%.

Strong operating profits

Commenting on the business results, Sheikhah Al-Bahar, Deputy Chief Executive Officer of National Bank of Kuwait Group and Chairperson of the Board of Directors of National Bank of Kuwait – Egypt, stated that the strong growth in operating profits and the business performance of NBK Egypt during the third quarter of this year again demonstrates the resilience of our financial position and the robustness of our business model, which is capable of generating profits and achieving sustainable growth despite local and regional operational challenges.

Al-Bahar emphasized that the results achieved by the bank during the first nine months of the year reflect its success in capitalizing on available market opportunities and continuing to deliver balanced growth across its various activities, supported by a strong capital base and established operational policies that have enhanced its ability to create sustainable value for both shareholders and customers.

She added: “National Bank of Kuwait – Egypt continues to consolidate its position as one of the leading banks operating in the Egyptian market. The growth rates achieved by the bank reflect the efficiency of its strategy and its ability to keep pace with economic changes and capitalize on the opportunities the market offers.”

She noted that the bank’s positive results translate the strategic vision of the National Bank of Kuwait Group toward the Egyptian market since its entry in 2007, pointing out that Egypt represents one of the Group’s most important strategic markets and a key driver of future growth, given its economic fundamentals and promising investment opportunities.

Al-Bahar clarified that National Bank of Kuwait – Egypt continues to strengthen its presence within the Egyptian banking sector and develop its services and products to meet growing customer needs and enhance its competitiveness, affirming that the bank is steadily progressing toward achieving its strategic objectives and increasing its market share.

She highlighted that the continued economic reform efforts led by the Egyptian government contribute to supporting the business environment and creating more opportunities for growth and investment, expressing her confidence in the future prospects of the Egyptian economy.

Good business results

For his part, Yasser Al-Tayeb, Vice Chairman, Chief Executive Officer, and Managing Director of National Bank of Kuwait – Egypt, stated that the bank’s financial results for the third quarter of 2026 clearly reflect its ability to continue delivering strong business performance despite the significant challenges facing the business community due to geopolitical events in the region, which have cast a shadow over the local and regional economic landscape.

Al-Tayeb noted that the growth of National Bank of Kuwait – Egypt’s business is balanced across all business activities, while maintaining efficiency ratios and risk levels appropriate for achieving both growth and business sustainability, thanks to the bank’s prudent policies and its sound business model, which is fully flexible in meeting customer needs.

He indicated that most of National Bank of Kuwait – Egypt’s income sources come from credit operations through the corporate sector, alongside the retail banking sector, whose role has grown significantly, especially in recent years. The bank’s credit portfolio features a high degree of diversification among its corporate clients, including large, medium, and small enterprises. Similarly, the retail banking portfolio encompasses various customer segments, and it

This reflects the strength and diversity of the bank’s revenue sources. Al-Tayeb affirmed that the bank aims to further strengthen its position in the retail banking sector in the coming period by offering advanced services and products tailored to various customer segments, thereby embedding the concept of a comprehensive bank that meets all their financial requirements and needs. The bank also seeks to enhance its Islamic banking services, which cater to a broad segment of its customers, and consistently works on developing the products offered to them. Al-Ahli Bank (Kuwait) – Egypt is among the leading banks in the Egyptian market that provide Islamic banking services and products alongside traditional banking offerings.

Al-Tayeb clarified that the bank is always keen to keep pace with rapid technological developments in banking services and does not hesitate to invest heavily in this field to deliver unique digital banking experiences to customers from all segments, enabling them to conduct most of their banking transactions wherever and whenever they wish. Furthermore, the bank generally strives to encourage customers to expand their use of electronic payment methods and channels, in line with the general policy of the state and the Central Bank of Egypt in this regard.

Al-Tayeb noted that Al-Ahli Bank (Kuwait) – Egypt is working diligently to support and back the global trend toward sustainable finance and the transition to a green economy, backing all environmentally friendly projects that achieve sustainability and rely more heavily on renewable energy, as well as studying available solutions to mitigate the negative impacts of climate change and reduce carbon emissions. He pointed out that sustainable finance has become one of the most important means and tools for supporting and maintaining long-term financial stability.