ADIB achieves the fastest annual growth rate in its asset portfolio in the last 7 years, with 61% growth

The independent financial statements of Abu Dhabi Islamic Bank Egypt «ADIB» revealed an increase in its asset portfolio with a growth rate of 61.12% and an increase of 98.19 billion pounds over the past year, recording 258.84 billion pounds by the end of 2024, compared to 160.65 billion pounds by the end of 2023, recording the fastest annual growth since Mohammed Aly assumed the position of CEO and Managing Director of the bank.

This record increase contributed to an increase in the market share of the bank’s assets out of the total assets of the banking sector, after its share rose to 1.24% at the end of 2024, compared to 1.13% at the end of 2023.

This strong performance is attributed to the expansion of financing activities, the increase in the size of the financing portfolio granted to individuals and companies, as well as improving liquidity management and diversifying sources of income.It also indicates customers’ confidence in the bank’s strategy, and its success in keeping pace with economic changes, especially in light of the challenges witnessed by the banking sector.During the past year.

Monitoring the development of the bank’s asset volume over the period under analysis, its portfolio witnessed the second fastest annual growth rate during the year 2023 at 39.07%, while it recorded growth rates of 29.14%, 22.92%, 21.85%, 21.50% and 32.21%, respectively, during the following years 2022 and 2021.2020, 2019 and 2018.

In general, the financial performance of Abu Dhabi Islamic Bank Egypt during the past year reflects a clear path towards achieving record and sustainable growth, after «ADIB» achieved noticeable increases in its main financial indicators, as its net profits jumped at a growth rate of 96.57%, recording about 8.83 billion pounds during 2024, compared to 4.49 billion pounds during 2023, an increase of 4.34 billion pounds.

In terms of the bank’s financial position, the bank’s total customer deposit portfolio increased at a growth rate of 57.54% and an increase of 73.16 billion pounds over the past year, recording 200.28 billion pounds by the end of 2024, compared to 127.13 billion pounds by the end of 2023.

The bank’s total customer financing portfolio recorded about 102.74 billion pounds at the end of 2024, compared to 68.41 billion pounds at the end of 2023, achieving a growth rate of 50.18% and an increase of 34.33 billion pounds over the past year. To view more news and analysis about Abu Dhabi Islamic Bank Egypt, click here.