Ahli United Bank Investment Strategy by March-2023 end

The separate financial statements of Ahli United Bank - Egypt, ending on March 31, 2023, revealed a growth rate of 15.28% in the bank's total assets during the first quarter of the current year, reaching EGP 98.557 bn by the end of March 2023, compared to EGP 85.492 bn by the end of December 2022, an increase of EGP 13.065 bn.

Analyzing the investment Trends of Ahli United Bank - Egypt by the end of March 2023, it is evident that:

The bank continued to allocate the majority of its funds to granting loans rather than financial investments. This is evident from the relative weight of loans and facilities to customers compared to the relative weight of financial investments, by the end of March 2023.

Despite a decrease in its relative weight, they accounted for the largest share of the bank's investment trend, with a relative weight of 55.12% of its total assets by the end of March 2023, compared to 56.58% by the end of December 2022.

Net portfolio of loans and facilities to customers increased by a growth rate of 12.31% during the first quarter of the current year, reaching EGP 54.324 bn by the end of March 2023, compared to EGP 48.368 bn by the end of December 2022, an increase of EGP 5.956 bn.

Total Financial Investments and T-Bills

Ranked second in terms of the bank's investment Trend, despite a slight decrease in its relative weight, reached 18.61% of the bank's total assets by the end of March 2023, compared to a relative weight of 19.84% by the end of December 2022.

Total financial investments portfolio at Ahli United Bank - Egypt increased by a growth rate of 8.11% and an increase in of EGP 1.376 bn, reaching EGP 18.341 bn by the end of March 2023, compared to EGP 16.965 bn by the end of December 2022.

Balances with Banks

Accounted for the third largest share of Ahli United Bank - Egypt's asset portfolio, with  13.24% by the end of March 2023, compared to a relative weight of 11.56% by the end of December 2022.

Ahli United Bank's balances with banks reached EGP 13.048 bn by the end of March 2023, compared to EGP 9.882 bn by the end of December 2022, jumping by a growth rate of 32.04% and an increase of EGP 3.166 bn during the first quarter of the current year.

Cash and Balances with CBE

Despite an increase in the relative weight of Cash and Balances with CBE, it ranked fourth in terms of the bank's investment Trend, with a relative weight of 9.78% of the bank's total assets by the end of March 2023, compared to a relative weight of 8.48% by the end of December 2022.

Its total value amounted to EGP 9.637bn at the end of March 2023, compared to EGP 7.248 bn at the end of December 2022, with a growth rate of 32.96% and an increase of EGP2.389 bn during the first quarter of this year.

Other Assets

The relative weight of other assets decreased to 2.18% of the bank's total assets by the end of March of the previous year, recording EGP 2.149 bn, compared to 2.33% and a value of EGP 1.989 bn at the end of December 2022.

Bank's Trends in the Loan Market

By examining the components of total loan portfolio, it is evident that the bank tends to grant credit to Corporates more than retail, given the higher relative weight at the end of the first quarter of 2023.

Corporate Loans

Total Corporate loans accounted for a relative weight of 94.74% of the bank's total customer loans by the end of March 2023, compared to 94.20% of the bank's total customer loans by the end of December 2022.

Total Corporate loan portfolio at the bank increased by a growth rate of 9.44% and an increase of EGP 4.756 bn during the first quarter of the current year, reaching EGP 55.147 bn by the end of March 2023, compared to EGP 50.391 bn at the end of December 2022.

Retail Loans

While the relative weight of the bank's retail loan portfolio witnessed a slight decline to reach 5.26% of the bank's total customer loans by the end of March 2023, compared to a relative weight of 5.80% of the bank's total customer loans by the end of December 2022.

Bank's total retail loan portfolio decreased by  1.35% during the first quarter of this year, to record  EGP 3.063 Bn by the end of March 2023, compared to EGP3.105 bn by the end of December 2022.