ADCB-Egypt Enhances Its Tendency Towards Financial Investments

Abu Dhabi Commercial Bank is considered one of the most prominent banks that achieved rapid growth rates in a short period of time,  led by Ihab El Sewerky, CEO and Managing Director of the bank.

And by tracking the bank’s investment trends, we find that it significantly reduced its tendency to invest its money in loans, by a decrease in the percentage of loans from the bank’s total assets to 34.56% by the end of 2022, compared to 43.89% by the end of 2021.

The bank has strengthened its tendency to invest its money in financial investments, which is reflected in the increase in the financial investments to total assets to 35.76% by the end of 2022, compared to 33.63% by the end of 2021.

While balances with CBE recorded 13.88% of the bank’s total assets at the end of 2022, compared to 8.67% at the end of 2021.

Moreover, it achieved a record performance during 2022, as its asset portfolio increased by 78.20%, to record 86.17 billion pounds at the end of last year, compared to 48.36 billion pounds at the end of 2021, an increase of 37.81 billion pounds.

Total financial investments jumped to 30.81 billion pounds by the end of 2022, compared to 16.26 billion pounds by the end of 2021, a growth rate of 89.48%, and an increase of 14.55 billion pounds.

Deposit portfolio increased by 83.64%, to reach 75.49 billion pounds by the end of 2022, compared to 41.11 billion pounds by the end of 2021, an increase of 34.38 billion pounds.

Total loans portfolio rose to 31.404 billion pounds at the end of December 2022, compared to 22.291 billion at the end of December 2021, a growth rate of 40.88%, an increase of 9.113 billion pounds.

 the bank’s net profit jumped by 49.98%, to record 1.07 billion pounds in 2022, compared to 710.25 million pounds, an increase of 354.97 million pounds.