Alex Bank sees a collective decline in its market shares during 2022

Alex Bank's market shares witnessed slight collective declines during 2022, as the increases that the bank was able to achieve in its financial portfolios did not cause any increases in its market share or even keep it from decline.

Asset Market

The market share of Alex Bank’s assets witnessed a slight decline over the past year, as the bank lost 0.16% of its market share during the past year, until it reached 1.17% of the total assets of the banking sector by the end of 2022, compared to 1.33% by the end of 2021.

Loan Market

The bank lost 0.30% of its share in the loan market over the past year, while declined to 1.49% of the total loans of the banking sector by the end of 2022, compared to 1.79% by the end of 2021.

due to the decline in its share in individual finance market, where its share fell to 3.78% of the total loans of individuals in the banking sector by the end of 2022, compared to 4.31% by the end of 2021.

Deposit Market

The bank’s market share witnessed decline in the deposit market reached 1.29% of the total deposits of the banking sector by the end of 2022 compared to 1.48% by the end of 2021.

Due to the decline in its share in Households sector's deposits market to 1.67% by the end of 2022, compared to 1.88% by the end of 2021.

Financial investment Market

Alex Bank lost 0.24% of its share in the financial investment market, as its share declined to 0.73% of the total financial investments (securities) in the banking sector by the end of 2022, compared to 0.97% by the end of 2021.

The bank achieved an average performance over the past year, as its assets portfolio increased by 15.80%, to record EGP133.1bn by the end of 2022, compared to EGP114.9bn by the end of 2021, an increase of EGP18. 2 bn.

In addition, deposit portfolio increased by 15.65%, to record EGP110.7bn by the end of 2022, compared to EGP95.7bn by the end of 2021.

Individual deposits portfolio rose by 7.18%, to reach EGP85.19 bn by the end of 2022, compared to EGP79.48 bn by the end of 2021.

Total loans and facilities to customers increased by 9.98%, an increase of EGP5.409 bn, to reach EGP59.6 bn by the end of 2022, compared to EGP54.2 bn by the end of 2021.

The bank strengthened its financing individuals, as its individual loan portfolio jumped by 9.52%, to reach EGP28.41 bn at the end of 2022, compared to EGP25.94 bn at the end of 2021.

Total financial investments rose to EGP32.33 bn by the end of 2022, compared to EGP32.32 bn by the end of 2021,  a growth rate of 0.03% annually.