A slight increase in Attijariwafa Bank’s resources employment rate At 2022

Attijariwafa bank of Egypt witnessed aslight increase in its resources employment rate by 87.42% at the end of 2022, compared to 87.06% at the end of 2021.

The resources employment indicator, launched by First Bank, measures to what extent the bank is employing its traditional resources (deposits + shareholders’ Equity) in loans and financial investments.

It reflects the stability of the index during 2022, the bank followed a cautious expansionary policy in employing its resources over the past year.

The bank has invested EGP 51.43bn of its traditional resources, EGP 58.83 bn, by the end of 2022 into loans and financial investments, It invested EGP32.18 bn into Total customer loans and EGP 19.25 bn into financial investments.

While the bank directed EGP37.85 bn of its traditional resources, which recorded EGP 43.48bn by the end of 2021 into total customer loans and financial investments, as invested EGP23.96bn into total loans and EGP13.89 bn into financial investments.

The bank's traditional resources at the end of 2022 were distributed between EGP 52.51bn into its deposit portfolio, and EGP 6.32 bn into shareholder’s Equity at the end of the same period.

Furthermore,Attijariwafa’s Loans to deposit ratio decreased to 61.28% at the end of 2022, compared to 63.60% at the end of 2021, while the financial investments to deposits ratio fell to 36.65% at the end 2022 compared to 36.88% at the same comparable period.

The bank's employment index during 2022 recorded 90.56%, due to the bank’s continuity to apply a relatively cautious policy towards loans and financial investments.