The National Bank of Egypt achieved a net profit of 20.2 billion pounds after tax, for the fiscal year 2018/2019 ending last June, to achieve a 100% increase compared to profits Fiscal year 2017/2018.
According to ArabiaNet, the total financial position increased to about 1.6 trillion pounds by the end of June 2019, while the bank's equity amounted to about 110 billion pounds.
The bank's loan portfolio achieved high growth rates, reaching 542 billion pounds at the end of June 2019, with a growth rate of 19%.
The portfolio of major corporate loans also increased to 411 billion pounds, with a growth rate of 12%. The total portfolio of small and medium-sized enterprise loans reached about 58 billion pounds in June 2019, with a growth rate of 32%.
In the field of retail banking, the loan portfolio increased to about 73 billion pounds, with a growth rate of 62%, while customer deposits totaled about 1.2 trillion pounds in June 2019, with a growth rate of 15%.
The number of clients of the bank reached about 12.4 million customers in June 2019, with a growth rate of 13%, in addition to the bank developing the strategy for electronic banking services and launching the second phase of Al Ahly Net Internet, which reached the number of subscribers to about 1.6 million individual customers, and about 13 Alpha for corporate customers, and the iPhone Cash portfolio reached 1.6 million customers.
The bank announced the approval of the general assembly to raise the authorized capital to about 100 billion pounds, and it was decided to increase the issued and paid up capital from 35 billion pounds to 50 billion pounds, and the bank's general assembly approved cash dividends worth about 1.5 billion pounds.
