E Bank tends to grant loans while securities in second place by the end of 2022

The separate financial statements of EBank, which ended on December 31, 2022, revealed that the bank’s total assets grew by 26.93% over the past year, to record EGP96.7 bn by the end of 2022, compared to EGP76.2 bn by the end of 2021, and an increase of EGP20.5 bn.

The bank tends to investing its money in granting loans at the expense of financial investments, despite the slight decline in the relative weight of loans at the end of December 2022, compared to December 2021, and financial investments witnessed an increase in their relative weight out of the total asset portfolio at the end of last December.

Loan portfolio obtained the largest share of investment trends, as it acquired a relative weight of 44.71% of the bank’s total assets at the end of December 2022, compared to 45.90% at the end of December 2021, bringing the net portfolio of loans and facilities to customers and banks at a growth rate of 23.65% over the past year, to record 43.3%. EGP 1 bn at the end of December 2022, compared to EGP35 bn at the end of December 2021, an increase of EGP8.3 bn.

Despite its high relative weight, the financial investment portfolio ranked second in the bank’s investment trends, as it acquired a relative weight of 27.82% of the bank’s total assets at the end of December 2022, compared to 24.22% at the end of December 2021, bringing total portfolio to EGP 27 bn at the end of December 2022, compared to EGP18.5 bn at the end of December 2021, bringing the total portfolio to 45.83%, an increase of EGP8.5 bn over the past year.

Balances with banks constituted the third largest component of asset portfolio, it obtained a relative weight of 10.26% of the bank’s total assets at the end of December 2022, compared to 10.40% at the end of 2021, bringing total balances with banks to an increase of 25.24% over the past year, EGP9.9 bn at the end of December 2022, compared to EGP7.9 bn at the end of December 2021, an increase of EGP2 bn.

Cash and Balances with CBE obtained the fourth largest percentage of the bank’s total assets, at 10.15% at the end of December 2022, compared to 9.32% at the end of December 2021, after its total value recorded EGP 9.8 bn at the end of December 2022, compared to EGP7.1 bn at the end of December 2021. , with a growth rate of 38.25%, and an increase of EGP2.7 bn.

Other assets also obtained a relative weight of 4.81% of the bank’s total assets at the end of December 2022, compared to 6.63% at the end of December 2021, after its value reached EGP 4.7 bn at the end of last year, compared to EGP5.1 bn at the end of the previous year.

We found that the bank is more inclined to grant credit to corporates, despite the decline in their relative weight at the expense of individuals.

Total corporate loans acquired a relative weight of 89.88% of total loan portfolio at the end of December 2022, compared to 91.21% at the end of December 2021.

After the bank’s total corporate loan portfolio increased by a growth rate of 21.5% and an increase of EGP7.1 bn over the past year, to record EGP40.3 bn at the end of last December, compared to EGP33.2 bn at the end of December 2021.

While the bank's total retail loan portfolio received a relative weight of 10.12% of the bank's total loans at the end of December 2022, compared to 8.79% at the end of December 2021.

After total retail loan portfolio increased by a growth rate of 41.86% and an increase of EGP1.3 bn over the past year, to record EGP4.5 bn at the end of last December, compared to EGP3.2 bn at the end of December 2021.