Alex Bank Investment Strategy by March-2023end

The financial statements ofAlex Bank, ending on March 31, 2023, revealed a growth rate of 3.39% in the bank's total assets during the first quarter of the current year, recording EGP 137.6 bn by the end of March 2023, compared to EGP 133.1 bn by the end of December 2022, and an increase of EGP 4.506 bn.

Analyzing the investment trends of Alex Bank 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 Net customer loans in the bank, compared to the percentage of financial investments, by the end of March 2023.

Despite, The relative weight of net customer loans decreased, it accounted for the largest share of the bank's investment trend, with a relative weight of 40.78% of its total assets by the end of March 2023, compared to 41.93% by the end of December 2022.

Net portfolio of loans and facilities to customers witnessed a slight increased by a growth rate of 0.55% during the first quarter of the current year, reaching EGP 56.1 bn by the end of March 2023, compared to EGP 55.8 bn by the end of December 2022, an increase of EGP 305 mn.

Although its relative weight has noticeably Increased, total portfolio of securities came in second place of the bank's investment trends, accounting for a relative weight of 27.62% of its assets by the end of March 2023, compared to 24.29% by the end of December 2022.

Total financial investments portfolio at Alex Bank increased by a growth rate of 17.53%, reaching EGP 38 bn by the end of March 2023, compared to EGP 32.3 bn by the end of December 2022, with an increase of EGP 5.7 bn

The relative weight of Balances with Banks decreased but occupy the third largest relative weight of the bank's total asset portfolio, amounting to 22.22% by the end of March 2023, compared to a relative weight of 24.32% by the end of December 2022, The volume of Alex Bank's balances with banks decreased by 5.53% during the first quarter of the current year, to record EGP 30.7 bn by the end of March 2023, compared to EGP 32.4 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 6.10% of the bank's total assets by the end of March 2023, compared to a relative weight of 6.33% by the end of December 2022.

 Its total value amounted to EGP 8.391bn at the end of March 2023, compared to EGP 8.417 bn at the end of December 2022.

The relative weight of other assets rose by 2.03% of the bank's total assets by the end of the previous March, amounting to EGP 2.794 bn, compared to a relative weight of 1.97% and a value of EGP 2.626 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 55.33% of the bank's total customer loans by the end of March 2023, compared to 52.34% by the end of December 2022.

The bank's total corporate loan portfolio increased by a growth rate of 7.24% and an increase of EGP 2.260 bn during the first quarter of the current year, reaching a value of EGP 33.5 bn by the end of March 2023, compared to EGP 31.2 bn by the end of December 2022.

The relative weight of Retail loan portfolio witnessed a slight decrease to reach 44.67% of the bank's total customer loans by the end of March 2023, compared to a relative weight of 47.66% by the end of December 2022, Due to relative weight decrease The value of portfolio fell by 4.91% and an increase of EGP 751 mn during the first quarter of the current year, to record EGP 27.015 bn by the end of March 2023, compared to EGP 28.410 bn at the end of December 2022.