4.2 billion pounds in profits for "National Bank of Egypt"... First Half
- Net income from fee and commission income grew by 7.4% to EGP 7.2 billion
- Profit from financial investments surged by 111% to EGP 56 million
- Total assets increased by 20% to EGP 270 billion
- Net loans and facilities rose by 22% to EGP 147 billion
- Customer deposits climbed by 14% to EGP 206 billion
Sheikha Al-Bahr: We achieved strong operational performance in the first half across our core business sectors
We continue updating our digital infrastructure to consolidate our banking position
We aim to enhance service quality, expand our market footprint, and reach new customer segments
Yasser Al-Tayeb: The bank continues its strong performance, achieving high growth rates despite operational challenges
We are strengthening our position in both the corporate and retail banking sectors
Most of the bank’s income sources stem from credit operations in the corporate sector
National Bank of Kuwait-Egypt (NBK-Egypt) reported net profits of EGP 4.2 billion (KD 26.1 million) during the first half of 2026. Net operating income rose to EGP 8.6 billion, up from EGP 7.7 billion in the same period of 2025, representing an 11% growth. Net income from fee and commission income increased by 7.4% to EGP 7.2 billion, compared to EGP 6.7 billion previously. Additionally, net income from non-fee activities reached EGP 1.31 billion, up from EGP 0.99 billion, marking a 32% increase.
Profit from financial investments rose by 111% to EGP 56 million, compared to EGP 27 million in the prior period. Meanwhile, the cost-to-income ratio stood at 27% of net operating income.
Total assets grew by 20% to EGP 270 billion, up from EGP 225 billion. Net loans and facilities to banks and customers reached EGP 147 billion, an increase of approximately 22% from EGP 121 billion. Customer deposits rose by 14% to EGP 206 billion, compared to EGP 180 billion. The ratio of net income from fees and commissions to net operating income increased to 11.6%, up from 10.2%. The return on average assets stood at 3.4%, while the return on average equity reached 26.9%.
Sheikha Al-Bahr emphasized that the continued expansion of the balance sheet and the improvement of most financial indicators confirm the success of the business diversification strategy and the acceleration of digital transformation. These efforts aim to increase the bank’s market share, particularly in retail services within the region’s largest market by population.
She added, “We are working to improve the quality of our services, expand our geographical footprint, and reach a wider variety of customer segments. We are benefiting from the remarkable development the bank has witnessed in updating its IT infrastructure and digital channels, which have seen significant leaps, making NBK a strong competitor in the Egyptian market.”
She noted that “Egypt represents a key growth market and a long-term strategic investment for us. The growth we are achieving confirms the Group’s visionary approach to this investment, which we aim to develop further, amid rising demand for banking services and growing financial inclusion rates.”
On his part, Yasser Al-Tayeb, Vice Chairman, CEO, and Managing Director of NBK-Egypt, stated, “There is no clearer evidence than the strong financial figures and indicators, which demonstrate the bank’s ability to sustain growth and achieve further positive business results during the first half, despite the operational challenges facing the local and global business environment.”
Al-Tayeb pointed out that the bank’s business growth is balanced across all business activities, maintaining efficiency levels and risk ratios appropriate for achieving both growth and business sustainability. This is thanks to the bank’s prudent policies and its robust business model, which is capable of meeting customer needs with complete flexibility.
Al-Tayyib added that the majority of the bank’s revenue sources stem from credit operations through the corporate sector, alongside the retail banking segment, whose role has been growing significantly, particularly in recent years. The bank’s credit portfolio features a wide diversity of clients, ranging from large enterprises to medium and small businesses. Similarly, the retail banking portfolio encompasses various customer segments, reflecting the strength and diversification 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 reinforcing the concept of a comprehensive bank that meets all their financial requirements and needs. The bank is also working to enhance its Islamic banking services, which cater to a broad segment of its clientele, while consistently developing the products offered to them. As a leading bank in the Egyptian market, “Al-Watani – Misr” provides both Islamic and conventional banking services and products.
Al-Tayyib stated: “Recognizing the pivotal role that technology and digital applications play in developing the banking sector, and understanding their importance in enhancing the competitiveness of financial institutions and elevating the level of services provided to customers, we have been keen to vigorously expand our electronic banking services and invest heavily in this field. This is aimed at ultimately delivering a unique banking experience to our customers, enabling them to conduct most of their transactions anytime and anywhere.”
He added: “Furthermore, we generally strive to encourage customers to broaden their use of electronic means and channels, in line with the general policy of the state and the Central Bank of Egypt in this regard. The bank’s recent launch of a new update to its mobile banking application represents one of the key steps in this direction, and embodies our ongoing commitment to providing the latest digital solutions that meet our customers’ aspirations and keep pace with their evolving banking needs.”
Al-Tayyib clarified that “Al-Watani – Misr” is making concerted efforts to support and back the global shift toward sustainable finance and the transition to a green economy, as well as to support 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. This is because sustainable finance has become one of the most important means and tools for supporting and maintaining long-term financial stability.
