alBaraka Bank’s resources employment rate jumps by 81.74% At 2022
alBaraka Bank -Egypt witnessed a leap in its resources employment rate by 81.74% at the end of 2022, compared to 56.85% 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 + equity) in loans and financial investments.
The increase in the index indicates that the bank followed an expansionary policy in employing its resources.
The bank has invested EGP 67.03bn of its traditional resources, which recorded EGP 82.01 bn, by the end of 2022 into loans and financial investments, It invested EGP35.38 bn into Total customer loans and EGP 31.65 bn into financial investments.
While the bank directed EGP44.67 bn of its traditional resources, which recorded EGP78.57 bn by the end of 2021 into total customer loans and financial investments, as it invested EGP24.21bn into total customer loans and EGP20.46 bn into financial investments.
The bank's traditional resources at the end of 2022 were distributed between EGP 74.42bn into its deposit portfolio, and EGP 7.59 bn into shareholder’s Equity at the end of the same period.
Furthermore, alBaraka Bank’s Loans to deposit ratio jumped to 47.54% at the end of 2022, compared to 33.36% at the end of 2021, while financial investments to deposits ratio rose to 42.53% at the end 2022 compared to 28.20% at the same comparable period.
Despite the increase in the bank's employment index during 2022, the value of the index, which recorded 81.74%, remained lower than the sector average.
