Abdel Hamid Abu Mousa's Golden Era With Faisal Bank

Abdel Hamid Abu Moussa is considered one of the most important bankers in the Arab banking sector as a whole, since the beginning of his journey with Faisal Islamic Bank of Egypt, created a unique experience that enabled him to sit on Egypt's Islamic banks throne in Asset and deposit markets.

His beginning with Faisal Islamic back to 1994, making him the oldest bank Chairman in the banking sector

His experience extends for more than 61 years, his journey began at Central Bank of Egypt, in 1961, and continued for nearly 18 years, except that in 1979 he moved to Faisal Islamic Bank, led the bank since 1994 until now.

By analyzing the investment thinking of Abu Moussa over the last 7 years, we found that financial investments remained first for the investment orientation of the bank, despite the marginal decline that occurred in its relative weight of total assets.

Financial investments obtained 61.89% of the bank's total assets at the end of 2022, compared to 62.74% at the end of 2014.

While relative weight of balances with banks increased to 15.52% at the end of 2022, compared to 13.80% at the end of 2014.

As for the share of loans in total assets, it declined marginally to 8.36% at the end of last year, compared to 9.66% at the end of 2014.

In terms of the bank’s tendencies towards employing deposits in financial investments, it increased to 75.91% at the end of 2022, compared to 70.22% at the end of 2014.

As for the bank's LDR, it declined to 11.77% at the end of last year, compared to 14.80% at the end of 2014. 

The bank strengthened its financial position, to jump to EGP151.64 bn by the end of 2022, compared to EGP 50.11 bn by the end of 2014, achieving a growth rate of 202.63%, an increase of EGP101.53 bn.

Savings pools increased from EGP 44.77 bn at the end of 2014 to EGP123.63 bn at the end of 2022, achieving a growth rate of 176.15%, and an increase of EGP 78.86 bn.

The bank’s financial investments rose to EGP 93.85 bn by the end of 2022, compared to EGP 31.44 bn by the end of 2014, achieving a growth rate of 198.53%, and an increase of EGP62.41 bn.

The bank’s total financing increased by 119.58%, to reach EGP 14.55 bn at the end of 2022, compared to EGP 6.62 bn at the end of 2014, an increase of EGP 7.92 bn.

The bank was able to jump with its net profits to EGP 4.48 bn in 2022, compared to EGP 623.28 mn in 2014, achieving a record growth rate of 617.98%, and an increase of 3.85 bn.