Ahmed Galal enhances EBank's position in deposit market during record period, pushing the portfolio to EGP 137.31 bn

EBank has seen a record high financial performance since Ahmed Galal assumed executive leadership of the bank in December 2022. Its strategy was based on balancing the remarkable growth of its financial indicators and enhancing competitiveness in the Egyptian banking market.

The role of Ahmad Galal and the impact of his outstanding leadership on the size of the Bank's customer deposit portfolio, which has rolled out many innovative banking products, enhancing the position of "EBank" in the deposit market and increasing customer confidence.

The "Jalal" strategy also aimed to further develop traditional and digital banking services for the Bank's customers, increasing the Bank's customer base and diversifying deposit sources, and enhancing the size of the portfolio of deposits for individuals and corporates alike.

This development reflects the strong performance of the Bank under the leadership of Ahmed Galal, which successfully increased the total deposits of the Bank's customers by 88.47% and an increase of 64.45 billion pounds in just two years, reaching 137.31 billion pounds by the end of 2024, compared to 72.85 billion by the end of 2022.

The strong increase achieved by EBank in the total deposits of its clients under the leadership of Ahmad Galal is due to the bank's ability to double its institutional deposit portfolio, which jumped by 99.28% during the period under analysis, to 118.91 billion pounds by the end of 2024, compared to 59.67 billion by the end of 2022, an increase of 59.24 billion pounds.

In addition, the size of the Bank's retail deposit portfolio increased by 39.52% and an increase of 5.21 billion pounds during the period under analysis, registering 18.40 billion pounds by the end of 2024, compared to 13.19 billion by the end of 2022.

In general, Ahmad Galal's efforts resulted in strong growth rates in its financial indicators, where he has been able to double the bank's net profit since taking over executive leadership by more than 4 times after jumping at a growth rate of 321.2% and an increase of 3.95 billion pounds in just two years, registering 5.18 billion pounds in 2024, compared to 1.23 billion in 2022.

The Bank's total assets under its leadership jumped by 88%, increasing by 85.11 billion pounds during the period under analysis, bringing the portfolio size to 181.87 billion pounds by the end of 2024, compared with 96.76 billion by the end of 2022.

The Bank's total loan portfolio also jumped by 66.76% and an increase of 29.92 billion pounds, to 74.74 billion pounds by the end of 2024, compared to 44.82 billion by the end of 2022.

The Bank witnessed a boom in its capital growth, exporting and paying capital, jumping by 87.66% since Ahmed Galal took over the Bank's leadership, reaching 9.90 billion pounds by the end of 2024, compared with 5.27 billion by the end of 2022, bringing an increase of 4.62 billion pounds.

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