Collective soaring in AAIB’s market shares during H1-2023
First Bank
The market shares of Arab African international Bank witnessed collective increases during the first half of the current year, as the bank’s large increases in its financial portfolios collectively succeeded in enhancing the bank’s market shares, but the largest increases in its shares were in the markets of deposits of the family sector and deposits.
First Bank monitors the development of the market shares of Arab African international during the first half of 2023
Asset market
The bank’s market share jumped to 3.04% of the total assets of the banking sector by the end of June 2023, compared to 2.86% by the end of 2022, adding about 0.18% to its share in this market.
Financial investments market
The market share in the financial investments market rose to 2.40% of the total financial investments (securities) of the banking sector by the end of June 2023, compared to 2.22% by the end of December 2022, successfully adding about 0.18% to its share.
Deposit market
The bank’s market share in the deposit market rose by about 0.46% during the first half of the current year, to rise to 3.01% of the total deposits of the banking sector by the end of the second quarter of 2023, compared to 2.55% by the end of 2022.
This is due to its success in raising its share in the family sector market to 2.25% of the total deposits of the family sector in the banking sector in the first half of 2023, compared to 1.43% by the end of 2022, adding about 0.82% to its share in this market.
Loan market
The market share of in the financing market jumped by about 0.07%, to reach 3.21% of the total loans of the banking sector by the end of June 2023, compared to 3.14% by the end of 2022.
This comes despite the slight increase that the bank achieved in the retail banking financing market, where its market share rose to 2.26% of the total retail loans of the banking sector by the end of June 2023, compared to 2.25% by the end of 2022.
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