National Bank of Egypt Posts 6.5 Billion EGP 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 the current year.

Net operating income rose to around 13.2 billion pounds for the nine months ended September 30, 2026, compared to 11.8 billion pounds in the same period of 2025, representing an 11.4 percent growth. Net income from income also increased to 11.2 billion pounds by the end of last September, up from 10.2 billion pounds in the corresponding period of 2025, reflecting a 9.5 percent growth rate.

Net income from non-income activities rose by approximately 23 percent year-on-year, reaching 2.03 billion pounds during the first nine months of the current year, compared to 1.64 billion pounds in the same period of 2025. Meanwhile, profits from financial investments reached 77 million pounds by the end of the third quarter of the current year, up from 38 million pounds in the corresponding nine-month period of 2025, marking a 104 percent growth. In contrast, the cost-to-net operating income ratio stood at 26.8 percent by the end of the third quarter of the year.

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

The ratio of net income from fees and commissions to net operating income rose to 11.9 percent by the end of the third quarter of the year, compared to 11.3 percent in the same period of 2025. Meanwhile, the return on average assets stood at 3.4 percent by the end of the third quarter, and the return on average equity reached 26.4 percent.

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

Al-Bahr 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 achieve balanced growth across its various activities, supported by a strong capital base and established operational policies that have enhanced its ability to deliver sustainable value to 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 offered by the market.”

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 strong economic fundamentals and promising investment opportunities.

She noted 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.

For his part, Yasser Al-Tayeb, Vice Chairman, Chief Executive Officer, and Managing Director of National Bank of Kuwait – Egypt, said: “The bank’s financial results for the third quarter of 2026 clearly reflect its ability to continue achieving 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 pointed out that National Bank of Kuwait – Egypt’s business growth is balanced across all business activities, while maintaining efficiency rates and risk levels appropriate for achieving both growth and business sustainability, thanks to the bank’s prudent policies and its robust business model, which is capable of meeting customer needs with full flexibility.

He stated that most of National Bank of Kuwait – Egypt’s income sources stem 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 wide diversity of corporate clients, including large, medium, and small enterprises, while its retail banking portfolio serves various customer segments, reflecting the strength and diversity of the bank’s income sources.

He emphasized 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 different customer segments, thereby establishing the concept of a comprehensive bank that meets all their financial requirements and needs. The bank also seeks to enhance its Islamic banking services to meet the needs of a broad segment of its customers, continuously developing the products offered to them. National Bank of Kuwait – Egypt is among the leading banks in the Egyptian market that provide both Islamic and traditional banking services and products.

He 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 offer unique digital banking experiences to customers from all segments, enabling them to conduct most of their banking transactions anywhere and anytime. Furthermore, the bank generally strives to encourage customers to expand their use of electronic payment methods and channels, in line with the general policies of the state and the Central Bank of Egypt in this regard.

He noted that National Bank of 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 promote sustainability, rely more heavily on renewable energy, and study 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.