saib corporate deposits grow by 22.3%, recording EGP 61.2 bn by Sep-2023 end
First Bank
The separate financial statements of saib, ending on September 30th, 2023, revealed that corporate deposit portfolio of saib rose with a growth rate of 22.3% during the first 9M of the current year, reaching EGP 61.19 bn (equivalent to USD 1.976bn) by the end of September 2023 Compared to EGP 50.03 bn (equivalent to USD 2.019bn) by the end of December 2022.
corporate deposits portfolio has taken hold of 71.44% share of the total deposit portfolio during the first 9M- 2023.
Total retail deposit portfolio surged by 6.5% growth during the first 9M of the current year. To record EGP 24.46 bn (equivalent to USD 790.2 mn) by the end of September 2023, compared to EGP 22.97 bn (equivalent to USD 927mn) at the close of December 2022, constituting 28.56% of the bank's deposit portfolio.
It is worth noting that the total customer deposit portfolio of the bank exhibited a growth rate of 17.3%, reflecting an increase of EGP 12.65 bn during the first 9M of the current year. To record EGP 85.65 bn (equivalent to USD 2.767bn) by the end of September 2023, up from EGP 73.01 bn (equivalent to USD 2.946bn) at the end of December 2022.
