AAIB's corporate sector records significant results during 2024

Corporate sector at Arab African International Bank recorded exceptional performance during 2024, driven by balanced growth in the corporate loan portfolio and a noticeable increase in the volume of institutional deposits, which reflects the growing level of confidence in the banking services provided by the bank.

According to AAIB's separate financial statements, its loan portfolio to institutions (including small loans for economic activities) increased by about 31% over the past year, reaching 177.61 billion pounds by the end of 2024, compared to 135.71 billion pounds by the end of 2023, representing a total increase of 41.90 billion pounds.

This strong performance was mainly driven by an increase in current account debit balances of corporates, which rose to 76.09 billion pounds by the end of 2024, compared to 59.77 billion pounds by the end of 2023, with a growth rate of 27%, and a total increase estimated at about 16.32 billion pounds.

Corporate Direct loans increased from 25.59 billion pounds by the end of 2023, to 36.79 billion pounds by the end of 2024, with a growth rate of 44%, and an increase of 11.20 billion pounds.

Syndicated loan portfolio jumped by about 29% over the past year, recording 63.49 billion pounds by the end of 2024, compared to 49.18 billion pounds by the end of 2023, representing an increase of 14.31 billion pounds.

Corporate sector at Arab African International Bank contributed about 87.89% to the bank’s total loans and facilities to customers, the value of which increased to 202.09 billion pounds by the end of 2024, compared to 154.38 billion pounds by the end of 2023, with a growth rate of 31% on an annual basis.

On the other hand, corporate deposit portfolio jumped by 74% over the past year, recording 397.61 billion pounds by the end of 2024, compared to 228.26 billion pounds by the end of 2023, a total increase of 169.35 billion pounds.

Corporate sector accounted for about 59.13% of the bank’s total deposit portfolio, after the customer deposit portfolio of «Arab African» rose to 672.40 billion pounds by the end of 2024, compared to 393.74 billion pounds by the end of 2023, which represents a growth of about 71%, and an increase of 278.66 billion pounds.

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