Financing for industrial corporates at Al Baraka Bank rose to EGP 24.29 bn by March 2025-End

Al Baraka Bank Egypt was able to enhance its financing for industrial corporates during the first quarter of 2025, after its value rose to 24.29 billion pounds by the end of March 2025, compared to 23.40 billion pounds by the end of 2024, recording a growth rate of 3.8% and an increase of 889 million pounds.

This growth was driven by an increase in the volume of syndicated loans granted to the bank’s industrial corporates, as it recorded a growth rate of 12.3% and an increase of 488 million pounds during the first quarter of this year, reaching 4.17 billion pounds by the end of March 2025, compared to 3.98 billion pounds by the end of 2024.

The co-financings granted to this activity received around 18.4% of the Bank's total funding for industrial enterprises by the end of March 2025, against a relative weight of 17% of its total funding for industrial enterprises by the end of 2024.

The increase in total direct financing to industrial institutions also contributed to this growth, after recording a growth rate of 2.1% and achieving an increase of 32.4 million pounds during the first quarter of 2025, reaching 19.82 billion pounds by the end of last March, compared to 19.42 billion by the end of 2024.

The portfolio of direct financing granted to this activity accounted for about 81.6% of the Bank’s total financing to industrial enterprises at the end of March 2025, compared to a relative weight of 83% of its total financing to industrial enterprises at the end of 2024.

The relative weight of the size of the financing portfolio granted to industrial institutions recorded about 47.8% of Al Baraka Bank’s total financing to institutions at the end of last March, compared to a relative weight of 48.7% of the bank’s total financing to customers at the end of 2024.

It is worth noting that the total financing granted by the bank to institutions increased at a growth rate of 5.8%, recording an increase of 2.78 billion pounds during the first quarter of this year, reaching 50.86 billion pounds by the end of March 2025, compared to 48.08 billion by the end of 2024.

The bank’s total customer financing portfolio also increased to 64.88 billion pounds at the end of March 2025, compared to 60.60 billion pounds at the end of 2024, recording a growth rate of 7.1% and an increase of 4.28 billion pounds during the first quarter of this year.

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