Ahli United Bank Investment Strategy by June-2023end
First Bank
The separate financial statements of Ahli United Bank- Egypt, ending on June 30, 2023, revealed that Bank's asset portfolio has achieved a growth rate of 25.53%, and an increase of EGP 21.8bn, recording EGP 107.3 bn by the end of June 2023, compared to EGP 85.5 bn by the end of December 2022.
Analyzing the investment trends of Ahli United Bank by June 2023 end:
The bank continued to allocate the majority of its funds to granting loans rather than financial investments, This is evident the remarkable different among relative weight of loans and facilities to customers compared to the relative weight of financial investments, by the end of June 2023.
Customer loans and facilities
The bank's net portfolio of loans and facilities to customers witnessed an decrease in its relative weight, despite its acquire the largest share of the bank's asset portfolio with a relative weight of 53.27% by the end of June 2023, compared to a relative weight of 56.58% of the bank's assets by the end of December 2022.
Bank's customer loan portfolio witnessed an increase, achieving a growth rate of 18.19% with an increase of EGP 8.8 bn during the first half of current year, to record EGP 57.2 bn by June 2023end, compared to EGP 48.4bn by the end of December 2022.
Financial investments
Ranked second in terms of the bank's investment Trends, despite an decrease in its relative weight, as acquired 19.07% of the bank's total assets by the end of June 2023 compared to a relative weight of 19.84%.
The total portfolio recorded a growth rate of 20.62% and an increase of EGP3.5 Bn during the first half of current year, reaching EGP20.5 bn by the end of June 2023, compared to around EGP 17 bn by the end of December 2022.
Balances with Banks
Accounted for the third largest share of Ahli United Bank Egypt's asset portfolio, surged by 13.47% by the end of June 2023, compared to a relative weight of 11.56% by the end of December 2022.
The total portfolio of balances with banks jumped by 46.29% with an increase of EGP 4.6 bn during the first half of this year, to record EGP 14.5 bn by the end of June 2023, compared to EGP 9.9 bn by the end of December 2022.
Cash and Balances with CBE
the relative weight of Cash and Balances with CBE, witnessed an increase, as acquired a relative weight of 10.89% of the bank's total assets by the end of June 2023, compared to a relative weight of 8.48% by the end of December 2022.
Its total value amounted to EGP 11.7 bn at the end of June 2023, compared to EGP 7.2 bn at the end of December 2022, achieving a growth rate of 61.24%, and an increase of EGP 4.4 bn.
Other Assets
The relative weight of other assets witnessed a slight decrease to reach 2.28% of the bank's total assets by the end of June of 2023, recording EGP 2.4 bn, compared to 2.33% and a value of EGP 2 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 94.67% of the bank's total customer loans by the end of June 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, achieving a growth rate of 15.10% and an increase of EGP 7.6 bn during the first Half of the current year, reaching EGP 58 bn by the end of June 2023, compared to EGP 50.4 bn at the end of December 2022.
Retail Loans
While the relative weight of the bank's retail loan portfolio witnessed a slight decrease to reach 5.33% of the bank's total customer loans by the end of June 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 recorded EGP 3.3 Bn by the end of June 2023, compared to EGP 2.1 bn by the end of December 2022, achieving a growth rate of 5.25%, and an increase of EGP 163 Mn.
