aiBANK’s resources employment rate declines to 80.37% in Q1- 2023
First Bank
Resources employment rate at Arab Investment Bank declined to 80.37% in Q1-2023, compared to 81.40% 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 41.80 bn of its traditional resources, which recorded EGP 52.01 bn, by the end of Q1- 2023 into loans and financial investments, It invested EGP 21.43 bn into Total customer loans and EGP 20.37 bn into financial investments.
While the bank directed EGP 43.57 bn of its traditional resources, which recorded EGP 53.53 bn by the end of 2022 into total customer loans and financial investments, as it invested EGP 20.86 bn into total customer loans and EGP 22.71 bn into financial investments.
The bank's traditional resources at the end of March 2023 were distributed between EGP 46.62 bn into its deposit portfolio, and EGP 5.39 bn into shareholder’s Equity at the end of the same period.
Furthermore, aiBank’s Loans to deposit ratio rose to 45.97% at the end of March 2023, compared to 43.27% at the end of 2022, while financial investments to deposit ratio declined to 43.69% compared to 47.12% at the same comparable period.
The decline in the bank's employment index during Q1- 2023, strengthened its 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.
