Ahli United Bank Leads Banks in Loans to-Deposit Ratio By March-2023 end
First Bank
Ahli United Bank – Egypt Tops Banks in loans to deposit ratio with a rate of 73.05%, by the end of March 2023 according to First Bank rankings.
Bank's total portfolio of loans & facilities to customers and banks increased with a growth rate of 8.81%, and an increase of 4.7 bn, to record EGP 58.2 bn by the end of March 2023, compared to EGP 53.5 Bn by the end of 2022.
While, Bank's deposit portfolio rose with a growth rate of 14.17%, after Ahli United Bank was able to increase its deposits by EGP 9.88 bn, to reach EGP 79.68 bn by the end of March 2023, compared to EGP69.8 bn by the end of 2022.
Ahli United Bank-Egypt was able to achieve a strong performance during the current year, as bank's net profit increased to record EGP1.57 Bn during the first quarter of 2023, compared to EGP 416.99 mn during the same period of 2022, with a growth rate of 277.61%, and an increase of EGP1.16 bn. In addition, Bank's asset portfolio jumped by 15.28%, to reach EGP 98.56 bn by the end of March 2023, compared to EGP 85.49 bn by the end of 2022, and an increase of EGP 13.06 bn.
Net fees and commissions income rose by 199.92%, recording EGP 252.01 mn during the first quarter of 2023, compared to EGP 84.03 mn during the same period of 2022, and an increase of EGP 167.98 mn.
While, Net interest income increased to EGP 1.06 bn during the first 3 months of 2023, compared to EGP 557.19 mn during the same period of 2022, with a growth rate of 90.69%, and an increase of EGP 505.32 mn.
