Ahli United Bank growth slow-down to 11.70% during Q2-2023
First Bank
Ahli United Bank-Egypt's growth slow-down during the second quarter of 2023, recording a compound growth rate of 11.70%, compared to 78.97% during Q1-2023.
This rate was measured through a composite growth index developed by First Bank to measure the financial performance of banks with a single figure during Q2-2023.
The bank was able to achieve positive results in all 4 sub-indicators (net profits, deposit portfolio, loan portfolio, and asset portfolio) which formulated First Bank composite growth index, led by net profit, recorded a growth rate of 26.84% during Q2-2023.
It also achieved a growth in total loans and facilities to customers at a rate of 5.25% during Q2-2023, and an increase in both asset and deposit portfolios by 8.89% and 5.83%, respectively, at the same period.
The bank’s net profits also increased on First Bank composite growth index during Q1-2023 to achieve a growth rate of 277.61%.
The bank’s Total loan portfolio increased by 8.81% during Q1-2023, asset as well as deposit portfolios increased by 15.28% and 14.17%, respectively, at the same period.
It should be noted that all figures and growth rates mentioned above, are according to financial statements published on the bank’s official website.
Indicators of Ahli United Bank
| # | Indicators | Value at Q2-2023 | Growth rate % | Value at Q1-2023 | Growth rate % |
|---|---|---|---|---|---|
| 1 | Net profits | 610.4 Million pounds | 26.84 % | 1.575 Billion pounds | 277.61 % |
| 2 | Assets | 107.316 Billion pounds | 8.89 % | 98.557 Billion pounds | 15.28 % |
| 3 | Deposits | 84.335 Billion pounds | 5.83 % | 79.687 Billion pounds | 14.17 % |
| 4 | Total customer loans | 61.267 Billion pounds | 5.25 % | 58.21 Billion pounds | 8.81 % |
| 5 | composite growth index % | 11.7 % | 78.97 % |
