With 46.1% growth, EBank achieves the fastest quarterly growth rate in its assets last 5 years

EBank's total asset portfolio saw record growth during the first 9 months of last year, having jumped 46.12%, marking the fastest quarterly growth in the last 5 years.

The Bank's total asset portfolio was about Pound170.61 billion by the end of September 2024, compared to Pound116.76 billion by the end of December 2023, and an increase of Pound53.85 billion to earn EBank third place on First Bank's list of fastest-growing banks in assets during the first 9 months of last year.

In terms of growth rates in recent years, the Bank recorded growth of 13.89% during the first 9 months of 2023 in its asset portfolio, while growth rates of 14.25%, 17.84% and 1.66% increased during the same period in 2022, 2021 and 2020 respectively.

Overall, the Bank achieved outstanding performance from January to September, with net profits jumping by 80.1%, registering about 3.88 billion pounds during the first 9 months of 2024, compared with 2.15 billion during the same period from 2023, an increase of 1.73 billion pounds.

Net interest income rose by 61.37%, with an increase of 2.33 billion pounds, reaching 6.13 billion pounds in the first 9 months of 2024, compared to 3.79 billion pounds in the same period of 2023.

The volume of its customer deposits also increased by 45.92%, with an increase of 39.92 billion pounds over the first 9 months of last year, to 126.85 billion pounds by the end of September 2024, compared to 86.93 billion by the end of December 2023.

Total bank loans jumped by 12.71 billion pounds, with a growth rate of 23.28% during the first 9 months of last year, bringing the portfolio size to 67.33 billion pounds by the end of September 2024, compared to 54.62 billion by the end of December 2023.

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