EBank Tops Listed Banks in Focusing on Customer Loans by September- 2023End

First Bank List Of Listed Banks With The Highest Concentration On customer Loans By The End Of September 2023 Revealed That Egyptian Export Development Bank "Ebank" Topped The List during the first 9M of the current year.

Net Customer loans of EBank accounted for 47% of bank’s total Assets By the end of the third quarter 2023.

The bank’s Net customer loans Jumps by 20.9% during the first 9 months of the current year, to record EGP 52 bn at the end of September 2023, compared to EGP 43 bn at the end of December 2022, with an increase of EGP 9 bn.

In addition, The bank’s total asset increased by 13.9% during the first 9 months of the current year, to record EGP 110.2 bn at the end of September 2023, compared to EGP 96.8 bn at the end of December 2022, with an increase of EGP 13.4 bn.

In general, Egyptian Export Development Bank “EBank” showed strong growth in its key indicators, as The bank’s net profits jumped to EGP 2.2 bn during the first 9 months of the current year, compared to EGP 944 mn during the same period in 2022, with a growth rate of 128.4% and an increase of EGP 1.2 bn.

The bank's pre-tax profit surged by approximately 108.44%, reaching EGP3.1 bn during the first 9 months of 2023, compared to EGP 1.501 bn in the same period of 2022, with an increase of EGP1.6 bn.

 Ebank successfully raised the total customer deposit portfolio by EGP13.323 bn, growing at a rate of 18.3% during the first 9 months of the current year, reaching EGP86.2 bn by the end of September 2023, compared to EGP72.9 bn by the end of December 2022.