Credit Agricole bank Investment Strategy by June-2023end
First Bank
The separate financial statements of Credit Agricole bank - Egypt, ending on June 30, 2023, revealed that Bank's asset portfolio has achieved a growth rate of 24.49%, and an increase of EGP 18.394 bn, recording EGP 93.506 bn by the end of June 2023, compared to EGP 75.112 bn by the end of December 2022.
Analyzing the investment trends ofCredit Agricole 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 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
relatively weight of Bank's customer loan portfolio Witnessed an decrease Despite acquired the largest share of the bank's asset portfolio with a relative weight of 37.54% by the end of June 2023, compared to a relative weight of 44.61% of the bank's assets by the end of December 2022.
Bank's customer loan portfolio increased, With a growth rate of 4.75% with an increase of EGP 1.593 bn during the first half of current year, to record EGP 35.104 bn by June 2023end, compared to EGP 33.511 bn by the end of December 2022.
Balances with Banks
Accounted for the second largest share of Credit Agricole Bank's asset portfolio, to surge 33.39% by June 2023end, compared to a relative weight of 27.64% by the end of December 2022.
The total portfolio of balances with banks jumped by 50.38% with an increase of EGP 10.461 bn during the first half of current year, to record EGP 31.225 bn by the end of June 2023, compared to EGP 20.764 bn by the end of December 2022.
Financial investments
Ranked third in terms of the bank's investment Trends, despite an increase in its relative weight, as acquired 17.98% of the bank's total assets by the end of June 2023, compared to a relative weight of 17.45% by the end of December 2022.
The bank's total portfolio of financial investments jumped by 28.30% and an increase of EGP 3.709 Bn during the first half of this year, registering EGP16.815 bn by the end of June 2023, compared to EGP13.106 bn by the end of December
Cash and Balances with CBE
The relative weight of Cash and Balances with CBE, witnessed an increase, as acquired a relative weight of 7.96% of the bank's total assets by the end of June 2023, compared to a relative weight of 6.97% by the end of December 2022.
Its total value amounted to EGP 7.441 bn at the end of June 2023, compared to EGP 5.236 bn at the end of December 2022, achieving a growth rate of 42.11%, and an increase of EGP 2.205 bn.
Other Assets
The relative weight of other assets decreased at a rate of 2.07% of the bank's total assets by the end of June of 2023, recording EGP 1.936 bn, compared to 2.13% and a value of EGP 1.597 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 retails, 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 72.63% of the bank's total customer loans by the end of June 2023, compared to 71.72% of the bank's total customer loans by the end of December 2022.
Total Corporate loan portfolio at the bank increased, as achieved a growth rate of 5.96% and an increase of EGP 1.497 bn during the first Half of the current year, reaching EGP 26.600 bn by the end of June 2023, compared to EGP 25.103 bn at the end of December 2022.
Retail Loans
The relative weight of the bank's retail loan portfolio witnessed an decrease to reach 27.37% of the bank's total customer loans by the end of June 2023, compared to a relative weight of 28.28% of the bank's total customer loans by the end of December 2022
Bank's total retail loan portfolio recorded EGP 10.026 Bn by the end of June 2023, compared to EGP 9.899 bn by the end of December 2022, achieving a growth rate of 1.28%, and an increase of EGP 127 mn.
