Hisham Ezz Al-Arab’s strategy pushes CIB towards the fastest annual growth rate in its deposit portfolio during last 8 years

Commercial International Bank of Egypt (CIB) has seen a record rise in its financial indicators since Hisham Ezz Al-Arab returned to the leadership of the Bank and assumed the leadership of its Board of Directors in March 2023 and then Chief Executive Officer in September, accompanied by an ambitious leadership vision and sophisticated strategies aimed at achieving inclusive and sustainable growth across the Bank.

The role of Ezz Al-Arab and the impact of its strategy on the size of the Bank's customer deposit portfolio are addressed in this article of decision makers. He also focused on improving digital services, pushing the bank to launch effective marketing campaigns to familiarize customers with new products and encourage them to take advantage of them, thereby enhancing customer confidence and attracting new segments of depositors.

His wise leadership contributed to the rise of the Bank's customer deposit portfolio to 967.9 billion pounds by the end of 2024, compared to 530.1 billion by the end of 2022, growing by 82.6% and an increase of 437.8 billion pounds in two years.

Over the past year, the Bank's total deposit portfolio recorded the highest annual growth rate over the last 8 years at 43.3%, after moving from 675.3 billion pounds by the end of 2023, rising to 967.9 billion by the end of 2024, an increase of 292.6 billion pounds.

This strong increase in CIB’s total customer deposit portfolio is due to the record growth in the size of its retail deposit portfolio, which jumped by 101% and recorded an increase of 269.4 billion pounds in just two years, reaching 537.3 billion pounds by the end of 2024, compared to 267.9 billion by the end of 2022.

The Bank's total corporate deposit portfolio also grew by 64.2% and increased by 168.3 billion pounds during the period under analysis, registering 430.6 billion pounds by the end of 2024, compared to 262.2 billion by the end of 2022.

Overall, Ezz Al-Arab's efforts have resulted in strong growth rates in its key indicators over the past two years, with net profits rising at a growth rate of 243.6% and an increase of 39.3 billion pounds, recording 55.4 billion pounds in 2024, compared to 16.1 billion in 2022.

The bank's total assets jumped by 90.9%, an increase of 575.7 billion pounds during the period under analysis, bringing the portfolio size to 1.21 trillion pounds by the end of 2024, compared to 633.6 billion by the end of 2022.

The Bank's total loan portfolio also jumped at a growth rate of 78.2% and an increase of 170.9 billion pounds over the past two years, registering 389.6 billion pounds by the end of 2024, compared to 218.6 billion by the end of 2022.

Thanks to these continuous strategies and efforts, Ezz Al-Arab has succeeded in enhancing the status of "CIB" as the largest private bank in Egypt, achieving exceptional growth in its various financial indicators over the past two years. 

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