QNB Egypt Reports Solid Financial Growth for First Half of 2025

QNB Egypt, a subsidiary of QNB Group, has reported robust financial results for the first half of 2025, underscoring the Group’s strong financial standing in the region. As of June 30, 2025, QNB Egypt achieved a consolidated net profit of EGP 15.1 billion, a notable increase of EGP 1.322 billion or 10% compared to the same period in 2024. This performance reflects the effectiveness of QNB Group’s strategy and its successful expansion across international markets.

The bank’s standalone net profit reached EGP 14.8 billion. Additionally, the total loans and advances portfolio grew by EGP 42 billion, reaching EGP 407 billion, marking an 11% growth compared to December 2024. Customer deposits also saw a positive trend, totaling EGP 700 billion at the end of June 2025, which represents an increase of EGP 20 billion or 3% since December 2024.

Strategic Growth and Market Leadership

Commenting on these impressive financial results, Heba Al-Tamimi, Senior Executive Vice President of QNB Group Communications, emphasized the importance of strategic diversification. She stated, “Our continued success is built on solid foundations supported by the strategic diversification of our services across different geographies. This enhances our ability to adapt and seize promising opportunities.”

Mohamed Bendier, CEO of QNB Egypt, echoed this sentiment, noting that the financial performance indicators reveal significant growth across all business sectors. Bendier remarked, “These results are a direct reflection of the strong performance of QNB Group, confirming our leadership in the Egyptian banking sector and contributing to achieving a larger market share.”

Total consolidated assets for QNB Egypt rose to EGP 844 billion as of June 30, 2025, an increase of EGP 24 billion or 3% since December 2024. The bank also maintained a strong capital adequacy ratio of 24.3%, a testament to its prudent credit policies. The non-performing loan ratio stood at 5.23%, with a provision coverage ratio for substandard loans reaching 107%.

Expanding Branch Network

These positive results highlight the effectiveness and flexibility of QNB Egypt’s executive policies and procedures, which have bolstered its competitiveness and market share within Egypt. The bank’s branch network has expanded to 236 branches, including a recently opened branch in New Alamein City. This growth strategy aligns with QNB Group’s objective of enhancing its service delivery and customer reach across the nation.

As QNB Egypt continues to build on its strong performance, the Group remains focused on achieving sustainable growth and delivering long-term value to customers and shareholders alike.