aiBANK’s Loans to Deposit ratio increased to 45.72% by Sep- 2023end

The financial statements of aiBank, ending on September 30 of the current year, revealed an increase in loans to deposits ratio, recording 45.72% by the end of September 2023, compared to 43.27% by the end of December 2022.

The bank experienced development in its key indicators, with the deposit portfolio growing at a rate of 9.53%, reaching a value increase of around EGP 4.59 bn in the first 9 months of the current year, totaling EGP 52.8 bn by the end of September 2023, compared to EGP 48.2 bn by the end of December 2022.

The bank increased credit issuance to its customers by approximately EGP3.3 bn during the first 9 months of the current year, while the total loans rose by 15.74%, reaching EGP 24.14 bn by the end of September 2023, compared to EGP20.86 bn by the end of December 2022.

On the financial position front, the bank achieved a growth rate of 13.05%, with an increase of EGP 7.23 bn in the first 9 months of the current year, recording total assets of around EGP 62.61 bn by the end of September 2023, compared to EGP 55.39 bn by the end of December 2022.

aiBank’s net profits surged by 100%, with an increase of EGP 400 mn, registering EGP 803.3 mn during the first 9 months of 2023, compared to EGP 401.3 mn during the same period in 2022.