Banque Misr experienced mixed performance in its market shares in 2023

A decline dominated the performance of Banque Misr’s market shares during the first half of this year. The significant increases achieved by the bank in its financial portfolios did not translate into higher shares in the assets and deposits markets.

However, its position in the loans market remained relatively unchanged. Notably, Banque Misr succeeded in increasing its market share in the financial investments sector.

First Bank analyzes the market share developments of Banque Misr during the first half of 2023:

Asset Market

The bank witnessed a significant relative decline in its market share, losing approximately 1.59% to reach 17.89% of the total banking sector’s assets by the end of June 2023, compared to 19.49% at the end of 2022.

Financial Investments Market

Banque Misr’s market share in the financial investments market rose to 17.08% of the total financial investments (securities) in the banking sector by the end of June 2023, compared to 15.50% at the end of December 2022, adding around 1.58% to its share.

Deposits Market

The bank lost about 0.43% of its share in the deposits market during the first half of this year, declining to 19.70% of the total banking sector’s deposits by the end of June 2023, compared to 20.13% at the end of 2022. This is attributed to a decrease in Banque Misr’s market share in the family sector.

Loans Market

The bank’s market share in the financing market remained stable at 17.71% of the total banking sector’s loans by the end of June 2023, unchanged from the end of December 2022. This is despite the bank’s success in increasing its share in retail loans.

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