FABMISR's corporate Sector achieves significant performance in 2024

2/23/2025 1:41:21 PM

First Abu Dhabi Bank - Egypt corporate sector has experienced a record performance over the past year, driven by the efforts of Abbas Fayed, CEO and Managing Director of the Bank.

This growth has not only increased the volume of loans, but also extended to strengthening corporate deposits, which have seen strong growth reflecting the growing level of confidence of corporates and institutions in the Bank's services.

This positive development reflects the efficiency of the strategies adopted by FABMISR, and its effective response to customers needs, both in terms of innovative financial solutions and supporting the cash liquidity of corporates of various sizes and sectors.

In addition, FABMISR-Egypt's outstanding performance played a pivotal role in strengthening its position as one of the leading players in the sector of corporate loans and major deals.

This achievement not only reflects its ability to deliver flexible and inclusive financing solutions, but also its commitment to building long-term partnerships with its customers, contributing to supporting business growth and boosting the economy in general.

Record jump in corporate loans

First Abu Dhabi Bank - Egypt has increased its financing to institutions including microcredit for economic activities over the past year, jumping by 73.72%, reaching 128.098 billion pounds by the end of 2024, compared with 73.738 billion pounds by the end of 2023, an overall increase of 54.36 billion pounds.

This strong performance was driven mainly by an increase in corporate current account balances that rose to 50.416 billion pounds by the end of 2024, compared to 28.377 billion pounds by the end of 2023, a growth of 22.66%, and an increase beyond 22 billion pounds.

The direct loan portfolio rose by 87.02% over the past year, registering 63.589 billion pounds by the end of 2024, compared to 34 billion pounds by the end of 2023.

The syndicated loan portfolio jumped from 11.147 billion pounds by the end of 2023, to 12.68 billion pounds by the end of 2024, a growth of 13.75%, a total increase of 1.533 billion pounds, while the other loans recorded 1.412 billion pounds by the end of the same period.