NBE achieved EGP 15.1bn-worth of growth during the fiscal year that ended in June 2012, bringing the bank's total financial value to EGP 321.5bn, compared to EGP 306.4bn the previous year. The bank stated it would use increased growth revenues as funding to expand its operations in all economic sectors. During this time, the bank's paid capital increased from EGP 7bn to EGP 9.2bn, while the total value of its property rights increased to EGP 13.7bn, compared to EGP 13bn the previous year, at a growth rate of 5%. Returns on the bank's property rights for the 2011-2012 fiscal year were 20.6%, compared to 16.2% the previous year. For 2011-2012, the bank achieved a total of 46% net growth before taxes, totalling EGP 6.1bn. After taxes, those numbers went down to 34% and EGP 2.8bn in profits. NBE was also responsible for making EGP 101.5bn in loans during the previous fiscal year, achieving 10% growth, compared to the market itself which saw only 6.8% growth. NBE continued this last year to provide funding for a number of its large corporate clients, pumping EGP 12.6bn into both the public and private sectors to achieve net increases of EGP 7bn in loans to companies at 10% growth. As far as joint funding and loans are concerned, NBE acquired the largest share of the Middle East and North African (MENA) market from January to December 2011, reaching 13%, according to Bloomberg rankings. The bank also won the award for ‘Best Funding Deals' in the African continent during the 2012 year, at a value of EGP 4.6bn according to The Banker and the Financial Times Group. The bank witnessed large scale growth in its funding for small and medium sized (SME) projects, reaching EGP 3.2bn compared to EGP 2.2bn the previous year, with its entire portfolio for SMEs increasing to EGP 6.5bn, at a growth rate of 31% compared to the previous year. The numbers of clients receiving funding during the 2011-2012 fiscal year increased from 6,382 to 8,700 compared to the previous year, representing a 36% growth rate. This was expected to provide increased work opportunities for the youth, decrease unemployment, and provide support for craftsmen and other small businessmen. NBE also recently signed contracts with the Social Fund for Development (SFD) valued at EGP 1.1bn, in addition to having taken out loans estimated to be worth EGP 5bn with low interest rates, for the purpose of supporting SMEs. With regards to non-performing debt, NBE also performed adjustments for 425 of its clients at an estimated value of EGP 2.9bn, achieving proceeds of nearly EGP 1bn. This was estimated to have brought down rates of non-performing debt to 6.6%, as opposed to 9% the previous year, helping to avoid a larger economic crisis by providing aid to bankrupt clients. Improved retail exchange services were also offered by the bank, such as periodic bank statements and salary reports for all ATM card users, in addition to the release of NBE's online banking services for companies and individuals. This led to increases in client confidence, and an increase in the amount of retail banking loans by 10.5%, reaching EGP 19.2bn compared to EGP 17.4bn the previous year. Deposits increased 7% by EGP 17.7bn over the previous fiscal year, reaching a total of EGP 278.8bn. The number of NBE ATM machines located throughout the country totalled 1,500, in addition to 337 branches in all of Egypt's provinces. NBE also received the award of “Best Service Sector Bank for Individuals and Institutions” by Asian Banker Journal for the second year in a row.
