SMEs portfolio at Egypt’s NBE hits EGP 140bn

The National Bank of Egypt (NBE) has raised 140 billion Egyptian pounds in the Small and Medium Enterprises (SME) portfolio, and retail bank loans amounted to 125 billion pounds, its vice president Yehia Aboul Fotouh said on Tuesday.

Aboul Fotouh added in exclusive statements to Amwal Al Ghad, that the real estate financing portfolio of the NBE has amounted about 12 billion pounds.

He pointed out that the bank’s joint loan portfolio has exceeded 100 billion pounds, while the bank is studying more than one joint loan that will be signed during the next year 2023.

NBE has achieved pre-tax profits of 30.278 billion pounds from January to June 2022, compared to 37.7 billion pounds from July to June 2021, according to the bank’s financial statements.

The statement added that the bank has achieved a net profit of 14.103 billion pounds by the end of June, compared to 15.003 billion pounds during the period from July to June 2021.