Ahli United Bank’s resources employment rate declines to 83.86% in Q1- 2023
First Bank
resources employment rate at Ahli United Bank-Egypt declined to 83.86% in Q1-2023, compared to 87.72% at the end of 2022.
Resources employment indicator, launched by First Bank, measures to what extent the bank is employing its traditional resources (deposits + shareholders’ Equity) in loans and financial investments.
The decrease in the index indicates the bank’s conservative policy in employing its resources during this period.
The bank has invested EGP 76.55 bn of its traditional resources, which recorded EGP 91.28 bn, by the end of Q1- 2023 into loans and financial investments, It invested EGP 58.21bn into Total customer loans and EGP 18.34 bn into financial investments.
While the bank directed EGP 70.46 bn of its traditional resources, which recorded EGP 80.32bn by the end of 2022 into total customer loans and financial investments, as it invested EGP 53.5 bn into total customer loans and EGP 16.97 bn into financial investments.
The bank's traditional resources at the end of March 2023 were distributed between EGP 79.69 bn into its deposit portfolio, and EGP 11.6 bn into shareholder’s Equity at the end of the same period.
Furthermore, Ahli United Bank’s Loans to deposit ratio declines to 73.05% at the end of March 2023, compared to 76.64% at the end of 2022, while financial investments to deposit ratio fell to 23.02% compared to 24.31% at the same comparable period.
The decline in the bank's employment index during Q1- 2023, strengthened distance from the average sector, as the employment index of the banking sector recorded 91.22% by the end of February 2023, according to the latest data of the Central Bank of Egypt.
