ADIB Egypt sees a collective decline in its market shares during 2022
The Consolidated Financial Statements of Abu Dhabi Islamic Bank-Egypt revealed a collective decline in its market shares during 2022, First Bank revealed that the largest decline in its share was in retail loans, while the bank's asset market was the lowest.
The market share of Abu Dhabi Islamic Bank’s assets witnessed a slight decline over the past year, as the bank lost 0.03% of its market share during the past year, reached 1.02% of the banking sector total assets by the end of 2022, compared to 1.05% by the end of 2021
The bank’s market share witnessed decline in deposit market reached 1.14% of total banking sector deposits by the end of 2022 compared to 1.17% by the end of 2021
Due to the decline in its share in Households sector's deposit market to 0.97% of total households deposits with the banking sector as a whole by the end of 2022, compared to 1.12% by the end of 2021.
The bank lost about 0.07% of its share in the loan market over the past year, declined to 1.48% of total banking sector loans by the end of 2022, compared to 1.55% by the end of 2021.
due to the decline its share in retail finance market, where its share fell to 1.91% of the total the banking sector retail loans by the end of 2022, compared to 2.17% by the end of 2021.
The market share of Abu Dhabi Islamic in securities market lost about 0.21%, to reach 0.70% of the total financial investments (securities) in the banking sector by the end of 2022, compared to 0.91% by the end of 2021.
The bank achieved an average performance over the past year, as its assets portfolio increased by 29.01%, to record EGP 116.83bn by the end of 2022, compared to EGP90.55bn by the end of 2021, an increase of EGP26.27 bn.
In addition, deposit portfolio increased by 28.89%, to record EGP97.61bn by the end of 2022, compared to EGP75.68 bn by the end of 2021.
Individual deposits portfolio rose by 4.45%, to reach EGP49.43 bn by the end of 2022, compared to EGP47.32 bn by the end of 2021.
Total loans and facilities to customers increased by 26.25%, to reach EGP59.38 bn by the end of 2022, compared to EGP47.04 bn by the end of 2021, an increase of EGP12.35 bn
The bank strengthened its financing for individuals, as its individual loan portfolio jumped by 10.30%, to reach EGP14.39 bn at the end of 2022, compared to EGP13.05 bn at the end of 2021, an increase of EGP1.3bn
Total financial investments rose from EGP30.38bn by the end of 2021, to EGP31.08 bn by the end of 2022, a growth rate of 2.30% annually.
