aiBANK continued its strong performance since the acquisition of EFG Hermes Holding as a major shareholder of

aiBank, fastest growing listed bank in terms of corporates deposits

2/14/2023 2:43:00 PM

aiBANK continued its strong performance since the acquisition of EFG Hermes Holding as a major shareholder of the bank in addition to the Sovereign Fund of Egypt at the end of 2021.

The bank has witnessed major leaps in its performance, and topped First bank fastest growing lists.

The bank’s corporates deposits portfolio increased by 119.34%, to record 32.9 billion pounds at the end of September 2022, compared to 14.9 billion pounds at the end of December 2021.

Corporates deposits recorded 73.14% of the total bank deposits at the end of September 2022, compared to 38.69% at the end of 2021.

During the first 9 months of 2022, the bank has strengthened its interest in corporates sector, whether at the level of attracting deposits or granting loans.

The bank's corporate loan portfolio jumped by 109.19%, to reach 15.71 billion pounds at the end of last September, compared to 7.51 billion pounds at the end of 2021, an increase of 8.2 billion pounds.

Corporates loans recorded 75.86% of the total bank loans at the end of the third quarter of 2022, compared to 66.43% at the end of 2021.