QNB Al Ahli’s resources employment rate declines to 84.50% in Q1- 2023

resources employment rate at Qatar National Bank Al Ahli declined to 84.50% in Q1-2023, compared to 88.25% 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 419.84 bn of its traditional resources, which recorded EGP 496.86 bn, by the end of Q1- 2023 into loans and financial investments, It invested EGP 247.88 bn into Total customer loans and EGP 171.95 bn into financial investments.

While the bank directed EGP 405.63 bn of its traditional resources, which recorded EGP 459.65 bn by the end of 2022 into total customer loans and financial investments, as it invested EGP 230.77 bn into total customer loans and EGP 174.86 bn into financial investments.

The bank's traditional resources at the end of March 2023 were distributed between EGP 443.11 bn into its deposit portfolio, and EGP 53.75 bn into shareholder’s Equity at the end of the same period.

Furthermore, QNB Al Ahli’s Loans to deposit ratio declines to 55.94% at the end of March 2023, compared to 56.69% at the end of 2022, while financial investments to deposit ratio fell to 38.81% compared to 42.96% 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.