ADIB Egypt recorded the fastest annual growth in its loans portfolio during 8 years, with a growth of 50.2%

ADIB Egypt has achieved exceptional performance over the past year, driven by an ambitious strategic vision led by Mohamed Aly, Chief Executive Officer and Managing Director. The bank has succeeded in expanding its business and strengthening its customer base of individuals and institutions, thus consolidating its position as one of the fastest growing banks in the Egyptian market, benefiting from an innovative approach that promotes financial inclusion and keeps pace with recent banking developments.

These developments reflected the results of the Bank's business, with its total customer loans recording the highest annual growth rate in the last 8 years at 50.18%, reaching 102.74 billion pounds in 2024, compared to 68.41 billion pounds in 2023, up to 34.33 billion pounds, the largest ever.

In terms of growth rates achieved during the period under analysis, the Bank recorded growth in its total customer loans portfolio at rates of 14.63%, 25.04%, 12.46% during 2023, 2022 and 2021, and increased by 28.59%, 9.92%, 41.05% and 9.38% during 2020, 2019, 2018 and 2017.

The significant increase in the volume of its customer loans over the past year was driven by a significant jump in the volume of retail banking financing, which rose by 51.76%, to 27.66 billion pounds by the end of 2024, compared with 18.22 billion pounds by the end of 2023, marking an increase of 9.43 billion pounds.

The bank's total corporate loans portfolio rose by 49.61% and an increase of about 24.90 billion pounds over the past year, moving from 50.19 billion pounds by the end of 2023 to 70.58 billion by the end of 2024.

Overall, Abu Dhabi Islamic Bank Egypt achieved record growth in its key financial indicators in 2024, with net profits jumping by 96.55% and an increase of 4.34 billion pounds over the past year, registering 8.83 billion pounds in 2024, compared to 4.49 billion pounds in 2023.

 Total customer deposits rose by 57.54% and an increase of 73.16 billion pounds over the past year, registering a portfolio size of 200.28 billion pounds by the end of 2024, compared with 127.13 billion pounds by the end of 2023.