EBank's liquidity ratio rises to 32.70% by the end of 2024

EBank's separate financial statements, ended December 31, revealed that the bank's liquidity ratio rose to 32.70% by the end of 2024, compared to 25.61% by the end of 2023.

The liquidity ratio in banks is defined as a certain ratio that reflects the bank's ability to meet its short-term liabilities without the need to liquidate long-term assets or borrow, and the ratio is calculated as follows (cash and balances with the central bank + bank balances )/( total assets).

This ratio is an indicator of the Bank's financial health and its ability to cover deposits and other financial liabilities in the short term, but may be an indicator of low profitability if liquidity is not effectively exploited in profitable investments.

The Central Bank's cash and balance line at EBank was about 6.097 billion pounds by the end of 2024, compared to 9.185 billion pounds by the end of 2023.

EBank's cash balances due to the Central Bank of Egypt were distributed by the end of last year as follows: Pound5.754 billion as a mandatory reserve, and Pound369 million as cash.

In terms of the bank balances, it jumped at a growth rate of 157.62% and an increase of 32.655 billion pounds over the past year, reaching 53.373 billion pounds by the end of 2024, compared to 20.718 billion by the end of 2023.

Bank balances due to EBank were distributed at the end of September as follows: 30 billion pounds in balances with the Central Bank of Egypt (not including the mandatory reserve ratio), 15.743 billion pounds with local banks, and 7.674 billion with offshore banks.

The bank's portfolio of assets jumped by 55.77% over the past year, reaching 181.868 billion pounds by the end of 2024, compared with 116.755 billion by the end of 2023, representing an increase of 65.113 billion pounds.

Notwithstanding the remarkable rise in EBank's liquidity rate, it achieved strong growth in net profits, rising by 65.91%, registering 5.177 billion pounds in 2024, compared with 3.120 billion pounds in 2023, an increase of 2.056 billion pounds.

The bank's earnings rate rose by 4.63% to 4.52 pounds per share in 2024, compared to 4.32 pounds per share in 2023.