ADCB's total assets  jump by 291% over the last 4 years, recording EGP 134.2 bn

Abu Dhabi Commercial Bank-Egypt (ADCB-Egypt) has achieved a remarkable development in its total assets over the last 4 years "specifically since the Bank launched its brand in Egypt in 2020, with its portfolio volume jumping by 291%, registering 134.16 billion pounds by the end of 2024, compared to 34.30 billion pounds by the end of 2020, with an increase of 999.85 billion pounds.

Tracking the portfolio growth journey over the past four years, the Bank has achieved the highest annual growth rate in the asset portfolio in 2022 by 78%, to register 86.17 billion pounds by the end of 2022, compared with 48.36 billion pounds by the end of 2021 and an increase of 37.81 billion pounds.

The bank achieved the second highest annual growth rate in the volume of the asset portfolio in 2021 by 41%, with an increase of 14.05 billion pounds, to register 48.36 billion pounds by the end of 2021, compared to 34.30 billion pounds by the end of 2020. As for the growth in portfolio volume over the past year, it recorded growth of 37% after rising to 134.16 billion pounds by the end of 2024, compared with 98.06 billion by the end of 2023, an increase of 36.09 billion pounds. 

Overall, ADCB-Egypt achieved strong results in its key financial indicators over the past year, with the bank's net profit rising by 109%, to 4.271 billion pounds in 2024, compared to 2.047 billion pounds in 2023, an increase of 2.224 billion pounds.

The volume of customers' deposits rose by 34.48% and an increase of 29.87 billion pounds over the past year, reaching 116.50 billion pounds by the end of 2024, compared to 86.64 billion by the end of 2023.

The bank's total portfolio of customer loans and facilities increased by 45.43% over the past year, registering 54.96 billion pounds by the end of 2024, compared to 37.79 billion by the end of 2023, with an increase of 17.17 billion pounds.