Emirates NBD Bank sees collective decline in its market shares during 2022

The performance of Emirates NBD Bank of Egypt’s market shares witnessed a significant decline during 2022. Its market share in terms of loans has seen the largest slump while its market share in terms of retail loans has witnessed been the least to decline

The bank’s market share in terms of assets declined to account for 0.10 % at Q3-2022 to reach 0.86%of the total assets in the banking sector compared to 0.96% at the end of 2021.

However, bank’s market share in terms of deposits fallen to stand at 0.98 % total deposits of the banking sector at Q3-22 compared to 1.05 % at the end of 2021, losing about 0.07% of its total share.

The decline in the bank has seen in its market share in terms of deposits was attributed to the decrease it has witnessed in the market share of the retails deposits  which recorded 0.51% at Q3-2022, compared to 0.56% by the end of 2021.

The bank’s market share in terms of financial investments declined to account for 0.76 % of the total financial investments (securities) in the banking sector at Q3-22 compared to 0.85% at the end of 2021.

Emirates NBD Bank’s market shares in terms of loans also decreased to acquire 1.24% of the total loans of the banking sector at the end of last September, compared to 1.37% at the end of 2021, losing about 0.13% of its total share

Bank’s market shares in terms of retail loans also decreased to acquire 1.82% of the total retail loans of the banking sector at the end of last September2022, compared to 1.85% at the end of 2021