Alex Bank investment outlook by June-2023 end
First Bank
By the end of June 2023, the investment trend of Alex Bank stands out with top lending and second-place bank balances.
The financial statements of Alexandria Bank for the period ending June 30th of the past year revealed a 9.89% growth in the bank's assets, with an increase of EGP13.2 bn during the first half of the current year, reaching EGP146.2 bn by the end of June 2023, compared to EGP133.1 bn at the end of December 2022.
Analyzing Alex Bank's investment trends by the end of June 2023:
Customer Loans:
Despite a noticeable decrease in its relative weight, the bank's customer loan portfolio still accounts for the largest portion of its investment direction, making up 37.68% of the total bank assets by the end of June 2023, compared to a relative weight of 41.93% at the end of December 2022.
The value of the bank's customer loan portfolio amounted to approximately EGP55.098 bn by the end of June 2023, compared to EGP 55.788 bn at the end of December 2022, reflecting a decline of 1.24% during the first half of the current year.
Balances with Other Banks:
The relative weight of Alex Bank's balances with other banks increased, securing the second position in the bank's investment direction, with a relative weight of 28.25% of its total assets by the end of June 2023, compared to 24.32% at the end of December 2022.
Total portfolio of Balances with Banks increased by 27.65% and grew by EGP8.9 bn during the first half of the current year, reaching EGP 41.3 bn by the end of June 2023, compared to EGP 32.4 bn at the end of December 2022.
Total Financial Investments:
The relative weight of Alex Bank's total financial investments increased, but the portfolio still ranks third in the bank's investment direction, representing 26.48% of its total assets by the end of June 2023, compared to 24.29% at the end of December 2022.
Total portfolio of financial investments grew by 19.78%, with an increase of EGP6.4 bn during the first half of the current year, reaching EGP 38.7 bn by the end of June 2023, compared to EGP 32.3 bn at the end of December 2022.
Cash and Balances with CBE:
The relative weight of Cash and Balances with CBE portfolio decreased, securing the fourth position in the bank's investment trends at 3.73% of its total assets by the end of June 2023, compared to a relative weight of 6.33% at the end of December 2022.
The bank's portfolio of balances with CBE amounted to approximately EGP 5.4 bn by the end of June 2023, compared to EGP 8.4 bn at the end of December 2022, marking a decline of 35.27% during the first half of the current year.
Other Assets:
The relative weight of Other Assets portfolio increased, ranking fifth with a relative weight of 2.61% and a total value of approximately EGP3.8 bn out of the bank's total assets by the end of June 2023, compared to a relative weight of 1.97% and a total value of 2.6 bn at the end of December 2022.
Bank's Loan market Trends:
Looking at the components of the total loan portfolio, we find that Alex Bank is noticeably inclined towards increasing credit to institutions at the expense of individuals, as indicated by its relative weight at the end of the first half of 2023.
Corporate Loans:
The portfolio of corporate loans saw an increase in its relative weight, accounting for 54.87% of the total loan portfolio of the bank by the end of June 2023, compared to 52.34% at the end of December 2022.
Total corporate loan portfolio at the bank increased by 5.26% and gained EGP 1.6 bn during the first half of the current year, reaching EGP32.8 bn by the end of June 2023, compared to EGP31.2 bn at the end of December 2022.
Retail Loans:
Meanwhile, the relative weight of the personal loan portfolio at the bank decreased to 45.13% of the total loan portfolio of the bank by the end of June 2023, compared to a relative weight of 47.66% at the end of December 2022.
Retail loan portfolio declined by 4.95% during the first half of the current year, with a total value of around EGP27 bn by the end of June 2023, compared to EGP28.4 bn at the end of December 2022.
