Ihab ElSewerky’s policies drive ADCB deposits to double 3 times since the Bank entered the Egyptian market

ADCB Egypt has undergone dramatic changes in its financial performance, manifested in exceptional growth at various levels since entering the Egyptian market in August 2020. In this cycle of decision makers, we address the role of Ihab ElSewerky and the impact of its strategy and efficiency on the size of the Bank's customer deposit portfolio.

Customer Deposit Portfolio is one of the most visible indicators reflecting the strength of the Bank's financial performance, as the main source of the Bank's resources that are employed in various items for profit.

ADCB’s Deposits and their evolution reflected the success of strategies led by Ihab ElSewerky, where since early 2020, the Bank's customer base has expanded considerably, adopting an innovative approach to providing flexible and exceptional banking products and services.

The Bank launched a wide range of certificates of savings and deposits in local and foreign currencies with competitive returns. It also launched the first instantaneous AI-enhanced anti-fraud system, with the aim of enhancing its capabilities in controlling and immediately combating fraud on various banking services, thereby increasing its customers' confidence in digital transactions and enhancing its position in the Egyptian market.

As a result, ADCB was able to achieve exceptional growth in its portfolio volume, which increased by 311% from September 2020 to September 2024, reflecting the growing confidence of customers in its banking services and financial innovations.

The Bank's customer deposits amounted to about EGP 118.75 bn at the end of September, compared to EGP 28.89 bn at the end of September 2020, doubling the portfolio by more than 4 times and registering an increase of EGP 89.86 bn during the period under analysis.

The significant increase in the Bank's client deposit portfolio was driven by the exponential growth in the institutional deposit portfolio, which jumped by a growth rate of 367% and an increase of about EGP 76.88 bn during the period under analysis, to record EGP 97.85 bn by the end of September 2024, compared to 20.97 bn by the end of September 2020.

The volume of retail deposits also increased from EGP 7.92 bn by the end of September 2020, to 20.91 bn by the end of September 2024, jumping at a growth rate of 164% and an increase of EGP 12.98 bn during the period under analysis.

In general, ElSewerky's efforts to lead ADCB resulted in strong growth rates. The bank's net profit jumped by 811% during the period under analysis to EGP 3.36 bn during the first 9 months of last year, compared to EGP 369 mn during the same period in 2020, while it grew by 157% from January to September 2024.

The bank's total assets jumped by 311% and an increase of about EGP 104.44 bn during the period under analysis, bringing the portfolio size to EGP 137.99 bn by the end of September 2024, compared to 33.55 bn by the end of September 2020, while the portfolio grew by 41% during the first 9 months of last year.

The Bank's total customer loan portfolio rose by 176%, bringing an increase of EGP 29.10 bn during the period under analysis, to EGP 45.59 bn by the end of September 2024, compared to 16.49 bn by the end of September 2020, while the total portfolio increased by 21% during the first 9 months of last year.

The bank also witnessed a boom in its capital growth, exported and paid, which jumped at a rate of 274% growth to nearly 5 times since its brand change, registering EGP 5.51 bn by the end of September 2024, compared to 1.48 bn by the end of September 2021, with an increase of EGP 4.04 bn.

Finally, during this journey of extraordinary growth, Abu Dhabi Commercial Bank (ADCB) - Egypt, under the leadership of ElSewerky, succeeded in becoming a role model in the Egyptian banking sector, with its financial indicators showing great success in attracting a wide segment of customers and increasing the size of the deposit portfolio.