EBank Investment Strategy by March-2023end

The separate financial statements ofExport Development Bank of Egypt, ending on March 31, 2023, revealed a growth rate of 7.18% in the bank's total assets during the first quarter of the current year, recording EGP 103.7 bn by the end of March 2023, compared to EGP 96.7 bn by the end of December 2022, and an increase of EGP 7 bn.

Analyzing the investment trends of EBank by the end of March 2023:

The bank focuses on deploying a larger proportion of its funds in lending customers instead of financial investments. This is evident from the increased relative weight of total customer loans in the bank, compared to the percentage of financial investments, by the end of March 2023.

The relative weight of net customer loans increased, accounted for the largest share of the bank's investment trend, with a relative weight of 48.84% of its total assets by the end of March 2023, compared to 44.43% by the end of December 2022.

Net portfolio of loans and facilities to customers increased by a growth rate of 17.80% during the first quarter of the current year, reaching EGP 50.6 bn by the end of March 2023, compared to EGP 43 bn by the end of December 2022, an increase of EGP 7.7 Bn.

Although its relative weight has noticeably decreased, total portfolio of securities came in second place of the bank's investment trends, accounting for a relative weight of 24.49% of its assets by the end of March 2023, compared to 27.82% by the end of December 2022.

Total financial investments portfolio at Ebank decreased by a growth rate of 5.65%, reaching EGP 25.4 bn by the end of March 2023, compared to EGP 26.9 bn by the end of December 2022.

The relative weight of Balances with Banks increased to occupy the third largest relative weight of the bank's total asset portfolio, amounting to 12.05% by the end of March 2023, compared to a relative weight of 10.26% by the end of December 2022, The volume of EBank's balances with banks increased by a growth rate of 25.87% and an increase of EGP 2.6bn during the first quarter of the current year, reaching EGP 12.5 bn by the end of March 2023, compared to EGP 9.9 bn by the end of December 2022.

Despite the decrease in the relative weight of Cash and Balances with CBE, it ranked fourth in terms of the bank's investment Trend, with a relative weight of 8.14% of the bank's total assets by the end of March 2023, compared to a relative weight of 10.15% by the end of December 2022.

 Its total value amounted to EGP 8.4 bn at the end of March 2023, compared to EGP 9.8 bn at the end of December 2022.

The relative weight of other assets fell by 4.21% of the bank's total assets by the end of the previous March, amounting to EGP 4.4 bn, compared to a relative weight of 4.81% and a value of EGP 4.7 bn by the end of December 2022.

 Bank's Loan Market Trends By examining the components of total loan portfolio, it is evident that the bank leans more towards granting credit to corporates rather than retail, given the higher relative weight at the end of the first quarter of 2023.

Total corporate loans accounted for a relative weight of 89.97% of the bank's total customer loans by the end of March 2023, compared to 89.88% by the end of December 2022.

The bank's total corporate loan portfolio increased by a growth rate of 17.67% and an increase of EGP 7.1 bn during the first quarter of the current year, reaching a value of EGP 47.4 bn by the end of March 2023, compared to EGP 40.3 bn by the end of December 2022.

The relative weight of Retail loan portfolio witnessed a slight decrease to reach 10.03% of the bank's total customer loans by the end of March 2023, compared to a relative weight of 10.12% by the end of December 2022, despite relative weight decrease but value of portfolio rose with a growth rate of 16.56% and an increase of EGP 751 mn during the first quarter of the current year, to record EGP 5.3 bn by the end of March 2023, compared to EGP 4.5 bn at the end of December 2022.