During 2022, CIB was able to achieve an increase in deposit portfolio by EGP124.02 bn, to record EGP 530.1 bn

Analysis

CIB tops listed banks on FirstBank index of depositors' confidence

3/13/2023 10:35:00 AM

During 2022, CIB was able to achieve an increase in deposit portfolio by EGP124.02 bn, to record EGP 530.1 bn by the end of 2022, compared to EGP 406.1 bn by the end of 2022.

Due to the increase in corporates' savings pools by 45.79%, to jump to EGP262.22 bn by the end of 2022, compared to EGP179.86 bn by the end of 2021, an increase of EGP82.36 bn.

Moreover, individual deposits increases from EGP226.24 bn by the end of 2021, to EGP267.90 bn by the end of 2022, achieving a growth rate of 18.41%, and an increase of EGP41.66 bn.

The bank's asset portfolio jumped by 27.58%, to reach EGP633.64 bn at the end of last year, compared to EGP496.65 bn at the end of 2021, an increase of EGP136.99 bn.

Total loans to EGP218.63 bn by the end of 2022, compared to EGP 163.9 bn by the end of 2021, achieving a growth rate of 34.06%, and an increase of EGP55.55 bn.

Net profit to EGP16.130 bn in 2022, compared to EGP 13.420 bn in 2021, with a growth rate of 20.19%, and an increase of 2.710 bn.