Attijariwafa Bank grows by 49.24% On First bank’s Composite Growth Index At 2022

 

Attijariwafa Bank Egypt recorded a composite growth rate of 49.24% in all its activities that included net profits, deposit portfolio, loan portfolio, and asset portfolio During 2022, according to its latest separate financial statements.

This rate was measured through a composite growth index developed by First Bank to measure the financial performance of banks with a single figure by the end of 2022.

The bank was able to achieve positive results in all four sub-indicators (net profits, deposit portfolio, loan portfolio, and asset portfolio), led by net profits that recorded a growth rate of 90.69% to record EGP 1.038bn by end of 2022, compared to EGP 544.3mn at the end of 2021.

The bank’s deposits portfolio came in second place as it increased to EGP52.5bn by end of 2022, compared to EGP 37.7 bn by the end of 2021, achieving a growth rate of 39.38%, and an increase of EGP 14.8 bn.

Furthermore, The bank’s asset portfolio recorded a growth rate of 32.58% to record EGP 61.7bn by end of 2022, compared to EGP 46.5 bn at the end of 2021 with an increase of EGP 15.2bn.

The bank's Total loans and facilities to customers jumped by 34.31% to record EGP 32.2bn at the end of 2022, compared to EGP 24 bn at the end of 2021 with an increase of EGP 8.2 bn.