Banque Misr increases its market shares in loans and deposits, while decreasing in assets
First Bank
Banque Misr witnessed significant increases in its market shares during the first quarter of the current year, managing to raise all its market shares except for its share in the assets market, which slightly decreased by the end of March 2023.
According to a report by First Bank, the bank's market share in the assets market decreased to 19.06% of the total banking sector assets by the end of the first quarter of 2023, compared to 19.49% by the end of 2022.
As for the bank's share in customer financing market, there was a positive movement as it increased to 18.58% of the total banking sector loans by the end of March 2023, compared to 17.71% by the end of 2022, adding approximately 0.87% to its share in this market.
This is the result of the bank's ability to increase its share in the retail banking financing market to 13.10% of the total retail sector loans by the end of March 2023, compared to 12.65% by the end of 2022, thus adding about 0.45% to its share in this market.
Banque Misr significantly strengthened its position in the financial investments market in the first 3 months of the current year, jumping to 16.93% of the total financial investments (securities) in the banking sector by the end of the first quarter of 2023, compared to 15.50% by the end of 2022.
Regarding the bank's share in customer deposits market, it increased to 20.51% of the total banking sector deposits by the end of March 2023, compared to 20.13% by the end of 2022.
