QNB Al Ahli sees varied performance in terms of its market shares during 9M-22

The performance of QNB Al Ahli’s market shares varied during the past year; most of them declined slightly during 2022. Howe ever, the bank’s market share in terms of deposits increased and in terms of retail loans witnessed relative stability.

QNB’s market share in terms of assets market declined to acquire 4.07% of the total assets of the banking sector at the end of September 2022, compared to 4.11% at the end of 2021.

The bank’s market share in terms of financial investments declined to account for 3.54% of the total financial investments (securities) in the banking sector at 9M-22 compared to 3.91% at the end of 2021.

However, bank’s market share in terms of loans also fell to stand at 5.96% of total loans of the banking sector at the end of Q3-22 compared to 6.09% at the end of 2021.

In addition, QNB’s market share in terms of retail loan witnessed a relative stability, as it accounted for 6.04% of total retail loans in the banking sector at the end of September 2022, compared to 6.03% at the end of 2021.

Furthermore, QNB Ahli succeeded in adding about 0.22% to its market share in terms of loan, bringing its market share to 4.81% at Q3-22 compared to 4.59% by the end of 2021.

Despite the fact that QNB Al Ahli market share in terms of has increased, its market share in terms of retail deposits declined to 2.75% of the total retail deposits of the banking sector by the end of September 2022 compared to 2.