QNB Egypt Q3 2026 Profit Rises 26% to EGP 28.1B

In Short

• QNB Egypt reported Q3 2026 net profit of EGP 28.1 billion, up 26% year over year.
• Total assets rose to more than EGP 1.13 trillion, up 22% year to date.
• Customer deposits increased 22% year to date, while loans and advances grew 19% to EGP 556 billion.

What Happened

QNB Egypt said its Q3 2026 results reflected strong balance sheet growth and steady profitability. The bank’s total assets exceeded EGP 1.13 trillion, supported by a 22% increase in customer deposits year to date.

Loans and advances reached EGP 556 billion, up 19%. QNB Egypt also reported an NPL ratio of 3.72%. NPL means non-performing loans, loans that borrowers are not paying back on time. Coverage ratio was 125.1%, which means the bank says it has provisions (set-aside money for potential losses) larger than its problem loans.

On profitability, net profit rose 26% year over year to EGP 28.1 billion. The bank pointed to a 23% rise in net interest income and a 25% increase in net banking income. Net interest income is the gap between what a bank earns on loans and what it pays on deposits.

QNB Egypt also reported a cost-to-income ratio of 18.8%. This ratio is a basic efficiency metric, lower is generally better because it means costs are smaller relative to revenue.

Why It Matters

The update lands in a mixed macro environment. QNB cited elevated oil prices, rising global inflation pressures, and a 25 basis point US rate hike. A basis point is one hundredth of a percentage point, so 25 bps equals 0.25%.

In Egypt, the Central Bank of Egypt kept corridor rates unchanged, pointing to contained inflation and a positive real interest rate buffer. Real interest rate means the interest rate after inflation, it matters for savings, borrowing, and foreign portfolio flows.

For founders and operators watching credit conditions, QNB Egypt’s loan growth and stable asset quality suggest large banks are still expanding lending. That can influence how much capital is available for corporates and SMEs, and at what price, as Egypt manages FX pressure and interest rate expectations.