QNB Al Ahli's corporate finance jumps by 24.96%, Records EGP185.5 bn, At 2022

QNB Al Ahli's corporate finance jumped by 24.96% to reach EGP185.54 bn by the end of 2022, compared to EGP148.49 bn by the end of 2021, an increase of EGP37.06 bn.

Debit current accounts jumped by 25.29%, to record EGP90.53 bn at the end of 2022, compared to EGP 72.26 bn at the end of 2021, an increase of EGP18.27 bn.

Debit current accounts acquired 48.79% of the bank's total corporate loans by the end of 2022.

The value of current accounts during 2022 was distributed among various sectors, in which industrial corporates were at the forefront, as they acquired 42.42% of total debit current accounts, after recording EGP38.4 bn.

Service corporates received EGP 33.3 bn, while the bank’s financing for commercial corporates recorded EGP 16.9 bn, while agricultural corporates received EGP1.98 bn.

The bank’s corporate loan portfolio increased by 21.88%, to record EGP 69.87 bn at the end of 2022, compared to EGP 57.32 bn at the end of 2021, an increase of EGP 12.54 bn.

Direct loans constituted about 37.66% of the bank’s total corporate finance by the end of 2022.

Industrial corporates acquired the largest share, as their share reached 63.19% of the bank’s total direct finance, after recording EGP44.145 bn, service corporates reached EGP12.455 bn, Commercial corporates  received EGP12.307 bn, while agricultural corporates recorded EGP 958.531 mn

The bank’s co-financing was main reason to the increase in its corporate loans, as it jumped by 40.37%, to reach EGP22.41 bn at the end of 2022, compared to EGP15.97 bn at the end of 2021, an increase of EGP6.45 bn.

Syndicated loans reached 12.08% of the bank's total corporate loans by the end of 2022.

Syndicated loan portfolio was distributed among 4 different activities,  service and industrial sectors acquired the largest share, with 48.51% and 48.12%, respectively, service corporates obtained EGP 10.87 bn,   industrial corporates acquired EGP 10.79 bn, service corporates received EGP630.65 mn, agricultural corporates received EGP 124.15 mn.

Other loans with the bank declined by about 7%, to record EGP 2.7 bn at the end of 2022, compared to EGP2.94 bn at the end of 2021.

Other loans acquired a small percentage, as its share reached 1.47% by the end of 2022.

The value of other loans was distributed during 2022 among many sectors, in which industrial corporates had the largest share, with a share of 49.61%, after recording EGP1.4 bn, while service corporates acquired EGP 1.1 bn,  commercial corporates received EGP54.34 mn, and the remaining value of EGP 223.8 mn was distributed to other activities.

Corporate sector contributed 80.40% to the bank’s total financing portfolio, which jumped to EGP 230.77 bn at the end of 2022, compared to EGP 184.79 bn at the end of 2021, a growth rate of 24.88%, and an increase of EGP45.98 bn.