EGBANK sees varied performance in terms of market shares in Q1-2023

The performance of Egyptian Gulf Bank in terms of market shares varied during first Quarter of the current year, Due to the increases in financial portfolios, as the bank’s market shares in deposits, assets witnessed an increase and settled in the loan market while declined in financial investments.

First Bank monitors the development of EGBANK'S market shares during the first quarter of 2023:

Asset market

Egyptian Gulf Bank’s market share in terms of assets market witnessed a slight increase to reach 0.77% of the total assets of the banking sector by March-2023end compared to 0.76% at the end of 2022.

deposit market

The bank’s market share in deposits slightly increased by 0.02% to reach 0.86% of total banking sector deposits by March 2023end compared to 0.84% at the end of 2022.

Despite its share in the household sector deposit market witnessed a stability, it recorded 0.34% by the end of March 2023.

Financial investment market

Moreover, the bank’s market share in terms of financial investments lost about 0.02%, it declined to 0.79% of the total financial investments (securities) in the banking sector at the end of March 2023, compared to 0.81% at the end of 2021.

Loan market

EGBANK’s market share in loan market witnessed a stability, as it recorded 0.71% of total banking sector loans at the end of March 2023.

retail loans witnessed a slight decrease, as it lost about 0.03% to reach 1.11% of total banking sector retail loans by March-2023end, compared to 1.14% at the end of 2022.