A collective soaring in ADCB-Egypt's market shares during 2022

Under the leadership of Ihab El Sewerky, CEO and Managing Director of Abu Dhabi Commercial Bank - Egypt, the bank succeeded in enhancing its share in the asset market during the past year, as it  jumped to 0.76% of the total assets of the banking sector by the end of 2022, compared to 0.56% by the end of 2021.

Abu Dhabi Commercial succeeded in adding 0.24% to its share in the deposit market, to jump to 0.88% of total banking sector deposits by the end of 2022, compared to 0.64% by the end of 2021.

The bank was able to achieve a remarkable improvement in its share in the investment market during the past year, as its share jumped to 0.70% of the total financial investments (securities) in the banking sector by the end of 2022, compared to 0.49% by the end of 2021, succeeding in adding 0.21% to its share.

The bank was able to achieve a remarkable improvement in its share in the investment market during the past year, as its share jumped to 0.70% of the total financial investments (securities) in the banking sector by the end of 2022, compared to 0.49% by the end of 2021, succeeding in adding 0.21% to its share.

Moreover, Abu Dhabi Commercial Bank - Egypt succeeded in adding 0.05% to its share in the loan market, as its share increased to 0.78% of total banking sector loans by the end of 2022, compared to 0.74% by the end of 2021.

Due to being able to achieve record performance during 2022, as its asset portfolio increased by 78.20%, to record EGP86.17 bn at the end of last year, compared to EGP48.36 bn at the end of 2021, an increase of EGP37.81 bn. Total financial investments jumped to EGP 30.81 bn by the end of 2022, compared to EGP16.26 bn by the end of 2021, achieving a growth rate of 89.48%, and an increase of EGP14.55 bn.

Deposit portfolio increased by 83.64%, to reach EGP75.49 bn by the end of 2022, compared to EGP41.11 bn by the end of 2021, an increase of EGP34.38 bn.

Total customer loans rose to EGP 31.404 bn at the end of December 2022, compared to EGP22.291 bn at the end of December 2021, achieving a growth rate of 40.88%, an increase of EGP9.113 bn.

Individual loan portfolio increased by 7.54% over the past year, recording EGP 7.942bn at the end of 2022, compared to EGP 7.385bn at the end of 2021.

Total individual deposits increased by 6.96% over the past year, from EGP 10.409 bn at the end of 2021 to EGP 11.133 bn by the end of 2022.