aiBank leads Egyptian banks in terms of direct loans' growth rate during 2022

Arab Investment Bank was able to achieve strong performance during the past year, and topped First Bank list of the fastest growing banks in direct loans, after its portfolio of direct financing increased by 124.73% during 2022.

The bank's Direct finance jumped from EGP5.23 bn at the end of 2021 to EGP 11.75 bn at the end of 2022, an increase of EGP6.52 bn.

The bank’s direct financing was distributed among the different geographical sectors, as Greater Cairo sectors acquired the largest share of the portfolio, constituting about 78.33% of the bank’s total direct loans by the end of 2022.

Direct financing for Greater Cairo sectors jumped by 118.70%, to reach EGP9.20 bn at the end of 2022, compared to EGP4.21 bn at the end of 2021, an increase of EGP5 bn.

The bank’s direct loans to Alexandria, Red Sea, suez Canal, and Sinai increased from EGP 1 bn at the end of 2021 to EGP2.51 bn at the end of 2022, achieving a growth rate of 149.75%, and an increase of EGP 1.50 bn, acquiring about 21.35% of the bank’s total direct financing at the end of the same period.

As for the Bank’s direct financing for Upper Egypt sectors, it acquired a small share of the bank’s total direct loans, reaching 0.31% by the end of 2022.

The bank’s direct financing for Upper Egypt sectors rose to EGP 37 mn by the end of 2022, compared to EGP15.55 mn by the end of 2021, achieving a growth rate of 137.98%, and an increase of EGP 21.45 mn.