How QNB ALAHLI's Customer deposits distributed among different currencies, After surged to 13.26% During H1-2023
First Bank
The separate financial statement of Qatar National Bank Al Ahli revealed a 13.26% increase in the bank's customer deposits, recording EGP 461.05 bn by the end of the first Half of 2023, compared to EGP 407.07 bn by the end of 2022, with an increase of EGP 53.98 bn.
Customer deposits in EGP surged from 330.60 bn at the end of 2022 to EGP 354.99 bn at the end of June 2023, with a growth rate of 7.38% and an increase of EGP 24.39 bn
The bank’s customer deposits in local currency accounted for 77% of the bank's customer deposits by end of June 2023.
Customer deposits in foreign currencies jumped by 38.70% reaching EGP 106.05 bn by June-2023 end, compared to EGP 76.47 bn by the end of 2022, with an increase of EGP 29.59 bn.
Customer loans in foreign currencies accounted for 23% of the bank's customer deposits by end of H1-2023.
deposits in US dollars increased to record EGP 91.8 bn by the end of June 2023, compared to EGP 67.01 bn by the end of 2022, with an increase of EGP 24.79 bn.
In addition, Customer deposits in pound sterling witnessed the fastest growth during the first 6 months of 2023, soaring by 59.56% to reach EGP 954.98 mn by the end of last June, compared to EGP 598.50 mn by the end of 2022, with an increase of the equivalent of EGP 356.48 mn.
It is worth mentioning that, customer deposits in Euro, increased to EGP 12.76 bn by the end of June 2023, compared to EGP 8.41 bn by the end of 2022, with a growth rate of 51.75% and an increase of EGP 4.35 bn.
Customer deposits in other foreign currencies increased by 20.37% to reach EGP 542.98 mn by the end of June 2023, compared to EGP 451.11 mn at the end of 2022, with an increase ofthe equivalent EGP 91.87 mn.
