aiBank Retail deposits increase by a rate of 10.6% during H1-2023, reaching EGP13.9 bn

 Total portfolio of retail deposits at Arab Investment Bank grew by 10.59% during the first half of the current year, totaling EGP13.91 bn by the end of June 2023, compared to EGP 12.58 bn by the end of December 2022.

Demand deposit portfolio at the bank jumped by 28.6% during the first 6 months of the current year, amounting to EGP19.68 bn by the end of June 2023, compared to EGP15.31 bn by the end of December 2022.

The bank's corporate deposits reached EGP34.91 bn by the end of June 2023. Total customer deposits at the bank increased by 1.3% during the first half of the current year, rising from EGP48.202 bn by the end of December 2022 to EGP48.821 bn by the end of June 2023.

It's worth mentioning that the bank achieved significant growth in its net profits, which increased by 55.74%, reaching EGP 450.2 mn during the first half of 2023, compared to EGP289.1 mn during the first half of 2022.

The bank also experienced growth in its total portfolio of loans and facilities to customers by 12.14% during the first half of the current year, totaling EGP23.39 bn by the end of June 2023, compared to EGP 20.86 bn by the end of December 2022.

Additionally, the banking assets increased by 5.61% during the first half of the current year, reaching EGP58.5 bn by the end of June 2023, compared to EGP 55.39 bn by the end of December 2022.