Emirates NBD sees a collective decline in its market shares during Q1- 2023

Emirates NBD- Egypt's market shares witnessed collective declines during the first quarter of current year, as the increases that the bank was able to achieve in its financial portfolios not succeed in increasing its market share in deposits, loans, financial investments except loan market witnessed an increase.

First Bank Monitors the development of the market shares ofEmirates NBD during the first quarter of 2023.

Asset market

The market share of Emirates NBD’s assets witnessed decline during the first quarter of this year, as the bank lost about 0.05% of its market share, until it reached 0.84% of the total assets of the banking sector by the end of March 2023, compared to 0.89% by the end of 2022.

Financial investment Market

The bank's market share declined to 0.50% of the total financial investments (securities) in the banking sector by the end of the first quarter of 2023, compared to 0.64% by the end of 2022.

Loan Market

The bank's market share in the financing market increased slightly to reach 1.19% of the total loans of the banking sector by the end of March 2023, compared to 1.16% by the end of 2022, adding about 0.03% to its share.

This comes as a result of the bank's ability to increased its share in the retail finance market to reach 1.74% of the total loans of Retail in the banking sector by the end of March 2023, compared to 1.66% by the end of 2022, adding about 0.08% to its share.

Deposit market

The bank's market share declined to reach 0.96% of the total deposits of the banking sector by the end of the first quarter of 2023, compared to 0.99% by the end of 2022, to lost about 0.03%.

This decline can be attributed to the bank's shrinking market share in the household sector, as its share reached 0.51% of the total household sector deposits in the banking sector by the end of March 2023, compared to 0.53% at the end of 2022.