Al Baraka Bank’s retail banking sector achieves significant performance during Q1-2025

Separate financial statements of Al Baraka Bank Egypt, ending last March 31, revealed that the retail banking sector achieved outstanding performance during the first quarter of 2025, as its retail financing portfolio increased at a growth rate of 12% and with an increase of 1.50 billion pounds, to record 14.02 billion pounds by the end of March 2025, compared to 12.52 billion by the end of 2024. 

This outstanding performance comes in light of the bank’s focus on expanding its offerings of banking services and products directed to individuals. The bank continues to develop innovative solutions that meet the needs of its customers and support strengthening its presence in the banking sector.

 Looking at the items that make up the bank’s retail financing portfolio, its personal financing portfolio increased by 12.2%, with an increase of 1.49 billion pounds during the first quarter of this year, to record 13.66 billion pounds by the end of March 2025, compared to 12.18 billion by the end of 2024, and it accounted for 97.5% of the total portfolio.Individual financing at the end of last March.

The size of the credit card portfolio under the item increased at a growth rate of 8.4% during the first quarter of this year, to record 263.32 million pounds by the end of March 2025, compared to 243.04 million by the end of 2024, achieving an increase of 20.29 million pounds.

Al Baraka Bank’s real estate financing portfolio recorded about 94.87 billion pounds at the end of March 2025, compared to 105.62 million at the end of 2024.

It is worth noting that retail financing portfolio constituted 21.6% of the bank’s total customer financing portfolio at the end of March 2025, which increased at a growth rate of 7.1% and an increase of 4.28 billion pounds during the first quarter of this year, recording 64.88 billion pounds at the end of March 2025, compared to 60.60 billion by the end of 2024.

In terms of the size of Al Baraka Bank’s retail deposit portfolio, it witnessed a growth rate of 8.7% during the first quarter of this year, achieving an increase of 5.45 billion pounds, reaching 68.13 billion pounds by the end of March 2025, compared to 62.89 billion pounds by the end of 2024.

Retail deposit portfolio accounted for 60.53% of the bank’s total customer deposit portfolio, which amounted to about 112.56 billion pounds at the end of March 2025, compared to 106.57 billion by the end of 2024, rising at a growth rate of 5.6% and achieving an increase of 5.99 billion pounds during the first quarter of this year.