EBank grows by 26.52% On First bank’s Composite Growth Index during Q4-2022
Export Development Bank of Egypt recorded a composite growth rate of 26.52% in all its activities that included net profits, deposit portfolio, loan portfolio, and asset portfolio During 2022, according to its latest separated financial results.
This rate was measured through a composite growth index developed by First Bank to measure the financial performance of banks with a single figure during Q4- 2022.
EBank was able to achieve positive results in all four sub-indicators (net profits, deposit portfolio, loan portfolio, and asset portfolio), led by net profit that recorded a growth rate of 89.67% to record EGP 285.2 mn during Q4 2022, compared to EGP 150.4 mn at the same period 2021 with an increase of EGP 134.9 mn
In addition,the bank's Total asset portfolio came in second place, it increased to EGP 96.7 bn by the end of December 2022, compared to EGP 87.04 bn by the end of September 2022, achieving a growth rate of 11.3%, and an increase of EGP 9.7 bn
Furthermore, the bank's Total loans and facilities to customers increased by 2.31% during Q4 of last year to reach EGP 44.8 bn at the end of December 2022, compared to EGP 43.8 bn at the end of September 2021 with an increase of EGP 1 bn
The bank’s total deposit portfolio increased with a growth rate of 2.95% during the fourth quarter of last year, as, recorded EGP 72.9 bn by the end of December 2022, compared to EGP 70.8 bn by the end of September 2022, achieving an increase of EGP 2.1 bn.
