Emirates NBD’s Resources Employment Rate declines to 79.59% At 2022
EmiratesNBD-Egypt witnessed a decline in its resources employment rate by 79.59% at the end of 2022, compared to 92.47% 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.
The bank has invested EGP 74.60 bn of its traditional resources, EGP 93.72 bn, by the end of 2022 into loans and financial investments, It invested EGP46.40 bn into Total customer loans and EGP 28.20 bn into financial investments.
While the bank directed EGP69.93 bn of its traditional resources, which recorded EGP 75.62 bn by the end of 2021 into total customer loans and financial investments, as invested EGP41.55bn into total loans and EGP28.37 bn into financial investments.
The bank's traditional resources at the end of 2022 were distributed between EGP 85.22bn into its deposit portfolio, and EGP 8.50 bn into shareholder’s Equity at the end of the same period.
Furthermore,Bank’s Loans to deposit ratio decreased to 54.45% at the end of 2022, compared to 61.49% at the end of 2021, while the financial investments to deposits ratio fell to 33.09% at the end 2022 compared to 41.98% at the same comparable period.
The bank's employment index during 2022 recorded 90.56%, due to the bank’s continuity to apply a conservative policy towards loans and financial investments.
