Collective Decline in Market Shares for Alex Bank in Q1-2023

During the first quarter of 2023, Alex Bank experienced slight collective declines in its market shares. Despite attempts to achieve financial growth, the bank failed to generate any increases in its market share or even maintain its position, except for a minor increase in its share in financial investments.

First Bank has closely monitored the developments in Alex Bank's market shares during the first quarter of 2023.

Asset Market

Alex Bank's share in the asset market dropped by approximately 0.11% during the first 3 months of this year, reaching 1.06% of the total banking sector's assets by the end of March 2023, compared to 1.17% at the end of 2022.

Financial Investments Market:

The bank succeeded in adding around 0.06% to its market share in the financial investments market, reaching 0.79% of the total financial investments (securities) in the banking sector by the end of March 2023, compared to 0.73% at the end of 2022.

Deposits Market

Alex Bank's market share in the deposits market decreased to 1.23% of the total banking sector's deposits by the end of the first quarter of 2023, compared to 1.29% at the end of 2022.

This decline can be attributed to the bank's shrinking market share in the family sector, with its share dropping to 1.55% of the total family sector deposits in the banking sector by the end of March 2023, compared to 1.67% at the end of 2022.

Loans Market

The bank lost around 0.11% of its market share in the loans market during the first three months of the current year, reducing its share to 1.37% of the total banking sector's loans by the end of March 2023, compared to 1.49% at the end of 2022.

This decline is attributed to the bank's reduced share in individual financing, with its share decreasing to 3.42% of the total individual loans in the banking sector by the end of March 2023, compared to 3.78% at the end of 2022.