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Egypt: NBK–Egypt Reports EGP 2 Billion (KWD 12.9 Million) Net Profit in 1Q2026, Operating Income Up 9%
11.05.2026National Bank of Kuwait – Egypt (NBK-Egypt) reported a net profit of EGP 2 billion (Equivalent to KWD 12.9 million) for the first three months of 2026. Net operating income reached EGP 4.2 billion in 1Q2026, compared to EGP 3.8 billion in the corresponding period of 2025, reflecting a growth rate of 9% year-on-year. Net interest income increased by 7% to EGP 3.6 billion, compared to EGP 3.3 billion in 1Q2025, while Net Operating Income (excluding interest) grew by 21% year-on-year to EGP 556 million, up from EGP 461 million in the corresponding period in 2025.
Income from financial investments rose by 36% to EGP 26 million in 1Q2026, compared to EGP 19 million in 1Q2025. The cost-to-net operating income ratio stood at 27.5% during the period. Total assets expanded to EGP 258 billion as at the end of March 2026, representing a growth of 15% compared to approximately EGP 225 billion at year-end 2025. Total loans and credit facilities increased to approximately EGP 133 billion, up around 10% from EGP 121 billion at the end of 2025.
Customer deposits grew to EGP 204 billion at the end of 1Q2026, compared to approximately EGP 180 billion at year-end 2025, reflecting growth of around 13%. Net Fees and Commissions to Net Operating Income increased to 10.3% in 1Q2026, compared to 9.8% in the same period of 2025. Return on Average Assets (ROAA) stood at 3.4% in Q12026, while Return on Average Equity (ROAE) reached 26.8%.
Commenting on the financial results announced by NBK-Egypt, Ms. Shaikha Al-Bahar, Deputy Group Chief Executive Officer, National Bank of Kuwait, and Chairman of NBK-Egypt, said: “The financial results of NBK – Egypt for the first quarter of 2026 firmly underscore the strength of the Bank’s financial position and the resilience of its diversified business model, which continues to deliver sustainable profitability despite the operational challenges stemming from recent geopolitical developments in the region. While these headwinds have weighed on economic conditions both locally and regionally, they further reaffirm the soundness of NBK Group’s long-term strategic vision since entering the Egyptian market in 2007, and underscore the significant opportunities and strong potential offered by this promising market.”
“NBK Group views the Egyptian market as a long-term strategic investment, given that Egypt represents one of the largest economies in the region and a key growth market where the Group remains committed to continued expansion. The market is considered the Group’s second home market, with NBK – Egypt consistently ranking among the most profitable operations within the Group, delivering some of the highest returns on equity and assets,” Al-Bahar added.
She further highlighted that NBK – Egypt, one of the largest Kuwaiti investments in the country, has established a strong and steadily expanding presence within the Egyptian banking sector. As one of the fastest-growing banks in the market, its solid financial performance underscores its clear trajectory toward continued expansion and further strengthening of its market position.
Al-Bahar also noted that Egypt’s economic environment continues to gain momentum, supported by ongoing reform measures and exceptional policy actions undertaken by the government and the Central Bank of Egypt. These efforts have created significant opportunities for investment and growth, expressing her optimism regarding the future outlook of the Egyptian economy.
Meanwhile, Vice Chairman, CEO, and Managing Director of National Bank of Kuwait-Egypt, Mr. Yasser El-Tayeb, said: “The financial results of NBK– Egypt for the first quarter of 2026 reflect the Bank’s sustained capacity to deliver robust and resilient performance, maintaining strong financial outcomes despite a complex and evolving operating environment across both local and global markets.”
El-Tayeb noted that the growth of NBK– Egypt continues to be well-balanced across all business segments, while maintaining efficiency levels and risk metrics aligned with both growth objectives and long-term sustainability. This reflects the Bank’s prudent strategy and disciplined business model, which remains agile in responding to evolving customer needs.
He added that the Bank’s income streams are predominantly driven by credit activities, led by the corporate banking segment, alongside the increasingly significant contribution of retail banking. The Bank’s credit portfolio is highly diversified, encompassing large corporates as well as small and medium-sized enterprises, while its retail portfolio spans a broad customer base. This diversification underscores the strength and resilience of NBK – Egypt’s income structure.
Additionally, El-Tayeb stated that NBK– Egypt is focused on further strengthening its position in the retail banking segment through the introduction of advanced products and services tailored to diverse customer segments, alongside expanding its Islamic banking offerings to meet the needs of a broad client base. He noted that the Bank remains committed to continuously enhancing its product suite, positioning itself among the leading institutions in the Egyptian market offering both Islamic and conventional banking solutions.
He further emphasized that, recognizing the critical role of technology and digital channels in shaping the future of banking and enhancing competitive advantage, NBK – Egypt has accelerated its digital transformation agenda through significant investments in electronic banking services. This enables the Bank to deliver a seamless and differentiated customer experience, allowing clients to conduct the majority of their banking transactions anytime and anywhere, while also encouraging broader adoption of digital payment channels in alignment with the strategic direction of the state and the Central Bank of Egypt.
El-Tayeb emphasized that NBK– Egypt is firmly committed to supporting the global shift toward sustainable finance and the transition to a green economy. The Bank continues to back environmentally responsible projects that promote sustainability, increasingly rely on renewable energy, and advance solutions aimed at mitigating the impact of climate change and reducing carbon emissions. He noted that sustainable finance has become a critical enabler of long-term financial stability and resilience.
Egypt: NBK - Egypt Named Euromoney’s «Egypt’s Best for Premium Banking Award 2026»
05.05.2026Further reinforcing its market leadership while setting new benchmarks in delivering fully integrated banking services aligned with the highest international standards, National Bank of Kuwait – Egypt (NBK-Egypt) announced that it has been awarded Euromoney’s “Egypt’s Best for Premier Banking Award” for 2026. The award, granted annually by Euromoney to leading financial institutions worldwide, recognizes NBK–Egypt as the best bank in Egypt for premium banking packages and services. This recognition reflects the bank’s strong performance against a rigorous set of criteria, including service quality, innovation, customer experience, sophisticated financial solutions, and market impact. It reinforces NBK – Egypt’s leadership and growing standing in the Egyptian banking sector, while highlighting its ability to meet the evolving needs of its clients.
The award from Euromoney represents international recognition of the quality and sophistication of the bank’s premium products and services, particularly those tailored for high-net-worth segments such as Privilege Banking and Beyond Banking. These offerings deliver a differentiated experience through a comprehensive suite of products and services tailored to clients’ lifestyles, combining convenience, flexibility, and bespoke solutions that exceed expectations. They are designed to enable effective wealth management and growth, enhancing clients’ personal and professional aspirations both within Egypt and internationally.
Strategic Leadership Reinforcing International Confidence
This prestigious global recognition underscores the strong confidence international institutions place in NBK – Egypt’s performance, highlighting its ability to set a benchmark for excellence in modern banking.
Beyond recognizing outstanding performance, this achievement represents a direct testament to the success of the Group’s strategic vision in the Egyptian market, which is anchored in delivering sustainable growth driven by diversification, resilience, and the ability to adapt to evolving economic conditions.
NBK – Egypt has firmly established a leading presence in the Egyptian market, one of the region’s largest markets offering significant investment potential, by capitalizing on the Group’s scale, institutional depth, and global expertise, while embedding best-in-class banking practices across its operations. This strategy continues to strengthen the Bank’s ability to deliver sophisticated, forward-looking financial solutions tailored to the evolving needs of its diverse client base.
Furthermore, this recognition underscores the strength and effectiveness of the bank’s business model, as well as its ability to strike a disciplined balance between growth, governance, and risk management, reinforcing the confidence of investors and international institutions while supporting the sustainability of its long-term performance. It further underscores the strength of NBK Group’s long-term strategic vision since its entry into the Egyptian market in 2007, with NBK – Egypt now representing the largest Kuwaiti investment in the country.
Strategic Execution Reflecting the Highest Standards of Excellence
The bank continues to invest in strengthening its technological infrastructure and expanding its digital capabilities, enabling the delivery of a seamless, end-to-end banking experience defined by efficiency, agility, and responsiveness to the evolving needs of diverse customer segments, while maintaining the highest standards of quality and reliability.
In parallel, the bank places strong emphasis on building long-term client relationships grounded in trust and value creation, enhancing customer satisfaction and supporting sustainable growth. This approach further reinforces NBK – Egypt’s commitment to its role as a leading financial institution contributing meaningfully to the development of the Egyptian banking sector.
NBK – Egypt has been at the forefront of digital transformation, accelerating the evolution of its banking capabilities through sustained strategic investments. This has enabled the Bank to deliver a seamless, fully integrated digital banking experience, empowering customers to manage their financial needs with ease, flexibility, and convenience—anytime, anywhere.
It also adopts a disciplined, insight-driven approach grounded in rigorous analysis of market dynamics, enabling the design and delivery of advanced, tailored banking solutions that address the diverse needs of both retail and corporate clients, while redefining the customer experience beyond the traditional scope of banking services.
Complementing this approach, the Bank continues to invest in its digital channels and technology infrastructure, expanding electronic banking services while enhancing efficiency and elevating the overall customer experience. These efforts are closely aligned with the national digital transformation and financial inclusion agenda set by the Egyptian government and the Central Bank of Egypt, and are fully consistent with the strategic priorities of Egypt’s Vision 2030.