The 2024 Annual Report of NBE Bank outlines the financial situation and operational results from the past year. In 2023, the bank achieved stable growth with total assets increasing by 15% to reach 100 million USD. Pre-tax profit hit 5 million USD, up 10% from 2022. The report also indicates a decrease in bad debts to 2% of total loans, showcasing improvements in credit risk management. NBE reinforced its capital capacity with a capital adequacy ratio of 12%, above the minimum requirement set by the central bank. Additionally, the bank invested in advanced technology, enhancing customer experience and streamlining transaction processes. The report highlights the bank’s social responsibility activities undertaken during the past year, including numerous community support and environmental protection programs. For 2024, NBE forecasts continued growth and service expansion, aiming for a profit of 6 million USD and reducing the bad debt ratio to below 1.5%.
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