QNB Al Ahli Investment Strategy by June-2023end

The separate financial statements of Qatar National Bank Al Ahli, ending on June 30, 2023, revealed a growth in the bank's total assets by 13.95% during the second quarter of the current year, reaching EGP 543.3 bn by the end of June 2023, compared to EGP 476.8 bn by the end of December 2022, with an increase of EGP 66.5 bn.

Analyzing the investment trends of QNB Al Ahli by the end of June 2023:

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 June 2023.

Loans and Facilities to customers

Despite a decrease in its relative weight, they accounted for the largest share of the bank's investment trend, with a relative weight of 43.98% of its total assets by the end of June 2023, compared to 45.43% by the end of December 2022.

Net portfolio of loans and facilities to customers increased by a growth rate of 10.32% during the First Half of current year, reaching EGP 238.9 bn by the end of June 2023, compared to EGP 216.6 bn by the end of December 2022, an increase of EGP 22.3 bn.

Total Financial Investments and T-Bills

Ranked second in terms of the bank's investment Trend, despite a decrease in its relative weight, reached 35.96% of the bank's total assets by the end of June 2023, compared to a relative weight of 36.67% by the end of December 2022.

Total financial investments portfolio at QNB Al Ahli increased by a growth rate of 11.74% and an increase of EGP 20.5 bn, reaching EGP 195.4 bn by the end of June 2023, compared to EGP 174.9 bn by the end of December 2022.

Balances with Banks

Accounted for the third largest share of QNB Al Ahli's asset portfolio, with 9.38% by the end of June 2023, compared to a relative weight of 6.34% by the end of December 2022.

QNB AL Ahli's balances with banks reached EGP 51 bn by the end of June 2023, compared to EGP 30.2 bn by the end of December 2022, jumping by a growth rate of 68.61% and an increase of EGP 20.7 bn.

Cash and Balances with CBE

the relative weight of Cash and Balances with CBE, declined to reach a relative weight of 7.83% of the bank's total assets by the end of June 2023, compared to a relative weight of 8.93% by the end of December 2022.

Its total value amounted to EGP 42.57 bn at the end of June 2023, compared to EGP 42.60 bn at the end of December 2022, to witnessed a sligh decrease of 0.07%, during the first Half of this year.

Other Assets

The relative weight of other assets Increased to reach 2% of the bank's total assets by the end of June of 2023, recording EGP 10.9 bn, compared to 1.85% and a value of EGP 8.8 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 Half of 2023.

Corporate Loans

Total Corporate loans accounted for a relative weight of 80.97% of the bank's total customer loans by the end of July 2023, compared to 80.40% 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 10.83% and an increase of EGP 20.1 bn during the first Half of the current year, reaching EGP 205.6 bn by the end of June 2023, compared to EGP 185.5 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 19.03% of the bank's total customer loans by the end of June 2023, compared to a relative weight of 19.60% of the bank's total customer loans by the end of December 2022.

Bank's total retail loan portfolio Increased by 6.84% during the first Half of 2023, to record  EGP 48.3 Bn by the end of June 2023, compared to EGP 45.2 bn by the end of December 2022, an increase of EGP 3.1bn.