The Egyptian economy continued its recovery trajectory in 2025, with key sectors driving robust
growth. The tourism sector reached record highs, supported by a 21% increase in tourist arrivals
to 19 million. At the same time, the Suez Canal showed promising signs of recovery, while
remittances from Egyptians abroad surged by 45% to USD 30.2 billion, providing critical support
to foreign currency inflows. These developments helped push GDP growth above 5% for the first
time in years. Moreover, progress in structural reforms underpinned solid growth in private sector
activity, with the private sector’s share of total investments rising to 66%—also a first in several
years. On the monetary front, the Central Bank of Egypt continued its gradual easing cycle while
maintaining a clear focus on preserving the disinflationary path. This approach supported market
confidence and reinforced optimism that the Egyptian economy can sustain its recovery
momentum into 2026.
QNB Egypt continued to build on the favourable macroeconomic conditions, delivering a
remarkable full year performance while enhancing its profitability metrics. The bank’s balance
sheet grew by 13% YTD, reaching EGP 930 billion, primarily driven by 14% YTD growth in
deposits.
Loan growth remained solid, rising by 28% to EGP 467 billion, reflecting the bank’s expanding
lending activity across both retail and corporate segments. The non-performing loan ratio settled
at 4.65%, while the total coverage ratio reached 111.8% demonstrating the bank’s prudent credit
risk management.
QNB Egypt reported a solid net profit of EGP 30.1 billion, marking a +14% YOY increase. This
performance was supported by an 20% rise in net interest income and a +11% increase in fees and
commissions. The bank also maintained an efficiency ratio of 19.0%, highlighting its operational
strength and disciplined cost management.
These results highlight QNB Egypt’s commitment to deliver sustainable growth and long-term
value for its shareholders and the broader economy
