Bank ABC assets jump by 410% since merger with BLOM Bank

Arab Banking Corporation Bank «ABC» witnessed a noticeable boom in its total portfolio of assets following its merger with BLOM Bank Egypt, as the size of its portfolio jumped at a growth rate of 410%, moving from 16.49 billion pounds by the end of 2022, and reaching 84.1 billion pounds by the end of March 2025, recording an increase of 67.61 billion pounds, which reflects the strength of the bank’s financial performance.

The legal merger process between «Arab Banking Corporation» (the merging bank) and BLOM Bank – Egypt (the merging bank), approved by the Ordinary General Assembly, was completed on October 10, 2022, and was noted in the commercial registry of «ABC Bank – Egypt» on January 1, 2023, according to the financial statements as of December 31, 2022.

This merger is an important strategic step that contributed to expanding the scope of operations and enhancing the bank’s market share in the banking sector. It also provided greater possibilities for achieving operational efficiency and sustainable growth in the Egyptian market.

During the first quarter of this year, the Arab Banking Corporation Bank «ABC» showed a distinguished performance, after achieving net profits of 564 million pounds, compared to 559.5 million pounds during the same period in 2024, taking into account the positive valuation differences that resulted during the first quarter of 2024.With its counterpart in 2025, after excluding the impact of valuation differences, the growth rate reached 19% compared to 2024.

The activity's total revenues amounted to 1.474 billion pounds during the first three months of 2025, compared to about 1.325 billion pounds for the three months ending March 31, 2024, an increase of 149 million pounds, with a growth rate of 11%.

Net interest income recorded about 1.235 billion pounds during the three months ending March 31, 2025, compared to 1.077 million pounds during the three months ending March 31, 2024, an increase of 158 million pounds, with a growth rate of 15%.

In terms of the bank’s financial position, the bank’s total assets amounted to 84.1 billion pounds on March 31, 2025, compared to an amount and capacity of 83.3 billion pounds on December 31, 2024, while the total loans and facilities to customers and banks amounted to 34.1 billion pounds on March 31, 2025, compared to an amount and capacity of 33.3 billion pounds on December 31, 2024.

Total customer deposits reached 69.5 billion pounds on March 31, 2025, compared to an amount and capacity of 69.2 billion pounds on December 31, 2024.