How AAIB’s asset portfolio distributed among the different geographical sectors

Asset portfolio of the Arab African International Bank witnessed strong growth during the current year, as it jumped by about 45.32% during the first 9 months of the current year, to record EGP474.31 bn at the end of the third quarter of 2023, compared to EGP 326.39 bn at the end of 2022, an increase of EGP147.91 bn.

The latest separate financial statements of AAIB revealed an increase in its assets in Egypt by about 39.73%, to reach EGP386.77 bn at the end of September 2023, compared to EGP276.79 bn at the end of 2022

Looking at the sectoral geographic analysis of the bank’s financial position in Egypt, we find that the Greater Cairo sectors had the largest share in its asset portfolio, as they accounted for 60.07% of the total assets of AAIB at the end of September 2023

The bank’s asset portfolio in the Greater Cairo sectors increased from EGP 241.27 bn at the end of 2022, to EGP284.92 bn at the end of September 2023, with a growth rate of 18.09%, and an increase of EGP43.64 bn.

The bank’s assets in Alexandria and North Coast sectors jumped to EGP54.06 bn at the end of the third quarter of 2023, compared to EGP20.93 bn at the end of 2022, with a growth rate exceeding 158%, and an increase of EGP33.14 bn.

The bank’s assets in Alexandria and North Coast sectors accounted for about 11.40% of the total assets of the Arab African Bank at the end of the third quarter of 2023

The bank’s assets in the Upper Egypt sectors were the fastest growing during the first 9 months of the current year, as they jumped by about 247.50%, to reach EGP23.15 bn at the end of September 2023, compared to EGP6.66 bn at the end of 2022, an increase of EGP16.49 bn.

Despite the growth that the bank’s assets witnessed in the Upper Egypt sectors, they only accounted for 4.88% of the total assets at the end of the third quarter of 2023

As for the bank’s assets in the other geographical sectors within Egypt, they accounted for 5.19% of the total assets of the bank at the end of the third quarter of the current year, after rising to EGP24.64 bn at the end of September 2023, compared to EGP 7.93bn at the end of 2022, with a growth rate of 210.72%, and an increase of EGP16.71 bn.

As for the bank’s asset portfolio outside Egypt, it accounted for about 18.46% of the total assets of AAIB at the end of September 2023

The bank’s assets outside Egypt jumped by a growth rate of 76.48%, and an increase of EGP37.94 bn during the first 9 months of the current year, until it reached EGP87.54 bn at the end of September 2023, compared to EGP49.60 bn at the end of 2022

The large increases achieved by AAIB in its asset portfolio outside Egypt came with the support of the increase in its total assets in the Arab Gulf countries, where it rose to EGP 87.10 bn at the end of the third quarter of 2023, after it was EGP48.93 bn at the end of 2022, with a growth rate of 78.02%, and an increase of EGP38.18 bn.

As for the bank’s asset portfolio in Lebanon, it recorded EGP 434.88 mn at the end of last September, compared to EGP674.13 mn at the end of 2022

It is worth noting that AAIB provides corporate, retail and investment banking services in Egypt and abroad through 99 branches, and operates through its headquarters and branches in Egypt, which includes 96 branches, and United Arab Emirates, which includes 2 branches of the bank, and Lebanon through a single branch of it

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