QNB Al Ahli sees a collective decline in its market shares during Q1- 2023
First Bank
QNB Al Ahli Bank's market shares witnessed slight collective declines during the first quarter of this year, as the increases that the bank was able to achieve in its financial portfolios did not cause any increases except in deposit market, while the decline was due to its share in both assets, loans and financial investments.
First Bank identifies the development of the market shares of QNB Al-Ahli during the first quarter of 2023.
Asset Market
The market share of QNB Al Ahli’s assets witnessed a slight decline during the first quarter of this year, as the bank lost 0.19% of its market share, until it reached 3.99% of the total assets of the banking sector by the end of March 2023, compared to 4.18% by the end of 2022.
Loan Market
The bank lost 0.12% of its share in the loan market, during the first quarter of this year, while declined to 5.63% of the total loans of the banking sector by the end of March 2023, compared to 5.75% by the end of 2021.
due to the decline in its share in individual finance market, where its share fell to 5.96% of the total loans of individuals in the banking sector by the end of March 2023, compared to 6.01% by the end of 2022.
Financial investment Market
QNB Al Ahli lost 0.38% of its share in the financial investment market, as its share declined to 3.57% of the total financial investments (securities) in the banking sector by the end of March 2023, compared to 3.95% by the end of 2022.
Deposit Market
The bank succeeded in adding 0.06% to its share in the deposit market, to reach 4.81% of the total deposits of the banking sector by the end of March 2023, compared to 4.74% by the end of 2022.
This is due to the stabilization of its market share in the household sector deposits market at 2.84% by the end of March 2023, compared to 2.83% by the end of 2022.
