NBE reports 89% bottomline growth in 3Q 2024

NBE’s net income nearly doubled in 3Q 2024: The National Bank of Egypt (NBE) reported a 88.9% y-o-y increase in net income during 3Q 2024 to EGP 47.7 bn, according to the bank’s most recent financial statement (pdf). The lender’s net interest income for the three-month period stood at EGP 77.1 bn, up 61.8% y-o-y from the same period the year before.

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For 9M 2024: The lender’s net income rose 136.7% y-o-y to reach 118.4 bn during the first nine months of 2024. Its net interest income rose 60.6% y-o-y to record EGP 202.4 bn during the nine-month period.