aiBANK Investment Strategy by March-2023end

The separate financial statements of aiBANK, ending on March 31, 2023, revealed a growth in the bank's total assets by 3.56% during the first quarter of the current year, reaching EGP 57.363 bn by the end of March 2023, compared to EGP 55.389 bn by the end of December 2022, with an increase of EGP 1.974 bn.

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

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

Total Financial Investments

Although its relative weight has noticeably declined, total portfolio of securities held the largest share of the bank's investment trends, accounting for a relative weight of 35.51% of its assets by the end of March 2023, compared to 41.01% by the end of December 2022.

Financial investments portfolio declined by 10.32% to reach EGP 20.370 bn by the end of March 2023, compared to EGP 22.714 bn by the end of December 2022.

Customer Loans

Net portfolio of loans and facilities to customers obtained the second position in the bank's investment trends, despite a slight increase in its relative weight to 34.99% of the bank's total assets by the end of March 2023, compared to a relative weight of 34.90% by the end of December 2022.

Loans and facilities to customers portfolio in aiBANK increased by a growth rate of 3.81% and an increase of EGP 736 mn, reaching EGP 20.069 bn by the end of March 2023, compared to EGP 19.333 bn by the end of December 2022.

Balances with Banks

The relative weight of Balances with Banks increased to occupy the third largest relative weight of the bank's total asset portfolio, amounting to 22.70% by the end of March 2023, compared to a relative weight of 14.65% by the end of December 2022.

The volume of aiBank's balances with banks increased by a growth rate of 60.42% and an increase of EGP 4.904 bn during the first quarter of the current year, reaching EGP 13.021 bn by the end of March 2023, compared to EGP 8.117 bn by the end of December 2022.

Cash and Balances with CBE

the relative weight of Cash and Balances with the Central Bank declined to reach 1.44% of the bank's total assets by the end of March 2023, compared to a relative weight of 3.74% by the end of December 2022.

Its value reached EGP 825 mn by the end of March 2023, compared to EGP 2.073 bn by the end of December 2022.

Other Assets

The relative weight of other assets declined to 3.96% of the bank's total assets by the end of the previous March, it ranked fourth in the bank's investment trends, amounting to EGP2.274bn, compared to a relative weight of 9.57% and a value of EGP 2.334 bn by the end of December 2022

Bank's Loan Market Trends

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

Corporate Loans

Total corporate loans accounted for a relative weight of 74.11% of the bank's total customer loans by the end of March 2023, compared to 74.37% by the end of December 2022.

Total corporate loans

Corporate loan Portfolio increased by a growth rate of 2.39% and an increment of EGP 371 mn during the first quarter of the current year, reaching a value of EGP 15.883 bn by the end of March 2023, compared to EGP 15.512 bn by the end of December 2022.

Retail Loans

The relative weight of Retail loan portfolio increased to 25.89% of the bank's total customer loans by the end of March 2023, compared to a relative weight of 25.63% by the end of December 2022. After the total retail loan portfolio increased by a growth rate of 3.80% and an increase of EGP 203 mn during the first quarter of the current year, it reached EGP5.548 bn by the end of March 2023, compared to EGP 5.345 bn at the end of December 2022.