Ihab ElSewerky achieves significant growth rates in ADCB's loans portfolio since entering the Egyptian market

Abu Dhabi Commercial Bank – Egypt «ADCB» has witnessed rapid growth in its total customer loan portfolio since its entry into the Egyptian market in August 2020, and Ihab ElSewerky, CEO and Managing Director of the bank, played a prominent role in this growth, which is what we discuss in this episode of Decision Makers.

Through his strategic directions, Ihab ElSewerky succeeded in pushing the customer loan portfolio towards expansion by providing flexible and innovative financing solutions that contributed to meeting the needs of a wide segment of customers and enhancing the bank’s competitive position in the market.

Under his leadership, the bank was able to achieve a boom in its total customer loans over the last 4 years after they jumped by 233% and an increase of 38.5 billion pounds, recording 54.9 billion pounds by the end of 2024, compared to 16.5 billion by the end of September 2020, while the size of the portfolio achieved a growth rate of 45.4%, which is the highest.During the period under analysis.

The significant increase in the bank’s total customer loan portfolio was driven by the tremendous growth in the institutional financing portfolio, as the bank expanded in granting credit to companies, which led to an increase in the total portfolio by 301%, with an increase of 32.8 billion pounds, to reach 43.8 billion pounds by the end of 2024, compared to 10.9 billion by the end of September 2020.

The total retail loan portfolio increased at a growth rate of 101% and an increase of 4.56 billion pounds during the period under analysis, moving from 5.6 billion pounds at the end of September 2020, and reaching 11.2 billion by the end of 2024.

His leadership significantly enhanced the size of the direct loan portfolio for companies, which jumped by 444%, with an increase of 23.3 billion pounds during the period under analysis, to record 28.5 billion pounds by the end of 2024, compared to 5.2 billion by the end of September 2020.

The size of the bank’s syndicated loan portfolio also increased at a growth rate of 298% during the period under analysis, after its value moved from 1.6 billion pounds at the end of September 2020, to 6.4 by the end of 2024.

In general, the bank achieved record growth rates under the leadership of Ihab ElSewerky, as its net profits multiplied by about 9 times, jumping at a rate of 971%, with an increase of 3.8 billion pounds, to reach 4.3 billion pounds during the year 2024, compared to 491 million during the year 2020, while it achieved a growth rate of 109% during the year.the past.

The bank's total assets increased at a growth rate of 300%, with an increase of about 101 billion pounds, doubling about 4 times during the period under analysis, bringing the size of the portfolio to 134.2 billion pounds by the end of 2024, compared to 33.5 billion by the end of September 2020, while the portfolio achieved a growth rate of 36.8% during the past year.

The size of the bank’s customer deposit portfolio multiplied more than 4 times after jumping at a growth rate of 303%, achieving an increase of 87.6 billion pounds during the period under analysis, to record 116.5 billion pounds by the end of 2024, compared to 28.9 billion by the end of September 2020, while the size of the portfolio increased at a growth rate of 34.5% during the year.past.

The bank's total capital also increased by about 4 times, after recording 5.5 billion pounds at the end of 2024, compared to 1.5 billion at the end of September 2020, growing at a rate of 274% and achieving an increase of about 4 billion pounds.