Faisal Bank sees a collective decline in its market shares during Q1- 2023
First Bank
Faisal Islamic 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 succeed in increasing its market share, biggest decline was Bank's financial investments share.
First Bank identifies the development of the market shares of Faisal Bank during the first quarter of 2023.
Asset Market
The market share of Faisal’s assets witnessed a slight decline during the first quarter of this year, as the bank lost 0.05% of its market share, until it reached 1.28% of the total assets of the banking sector by the end of March 2023, compared to 1.33% by the end of 2022.
Loan Market
The bank witnessed a slight decline to record 0.35% of its share in the loan market, during the first quarter of this year, by the end of March 2023, compared to 0.36% by the end of 2021.
Despite the increase in its share in retail finance market, where its share rose to 0.35% of the total retail loans in the banking sector by the end of March 2023, compared to 0.33% by the end of 2022.
Financial investment Market
Faisal Bank lost 0.09% of its share in the financial investment market, as its share declined to 2.03% of the total financial investments (securities) in the banking sector by the end of March 2023, compared to 2.12% by the end of 2022.
Deposit Market
The bank witnessed a slight decline in its share in deposit market, to reach 1.43% of the total deposits of the banking sector by the end of March 2023, compared to 1.44% by the end of 2022.
despite the stability of its market share in the household sector deposit market at 2.34% by the end of March 2023.
