EBank Investment Strategy by September -2023end

The separate financial statements of EBank, ending on September 30 2023, revealed that Bank's asset portfolio has achieved a growth rate of 14%, and an increase of EGP 13.4bn, recording EGP 110.2 bn by the end of September 2023, compared to EGP 96.8 bn by the end of December 2022.

Analyzing the investment trends of EBank by September 2023 end:

The bank continued to allocate the majority of its funds to granting loans rather than financial investments, This is evident the remarkable different among relative weight of loans and facilities to customers compared to the relative weight of financial investments, by the end of September 2023 

Customer loans and facilities

The bank's net portfolio of loans and facilities to customers

witnessed an increase in its relative weight, to acquire the largest share of the bank's asset portfolio with a relative weight of 47.15% by the end of September 2023, compared to a relative weight of 44.42% of the bank's assets by the end of December 2022.

Bank's net customer loan portfolio witnessed an increase, achieving a growth rate of 21% with an increase of EGP 9 bn during the first 9M of last year, to record EGP 52 bn by September 2023end, compared to EGP43bn by the end of December 2022.

Financial investments

Ranked second in terms of the bank's investment Trends, relative weight Witnessed an decrease, as acquired 24.22% of the bank's total assets by the end of September 2023 compared to a relative weight of 27.85% of the bank's assets by the end of December 2022.

Bank's Financial Investments recorded EGP 26.7 bn by September 2023end, compared to EGP26.9bn by the end of December 2022.

Balances with Banks

Accounted for the third largest share of EBank's asset portfolio, with 14.22% by the end of September 2023, compared to a relative weight of 10.26% by the end of December 2022.

Balances with Banks rose by 58% and an increase of EGP 5.7 bn during the first 9 months of the last year, to record EGP 15.7 bn by the end of September 2023, compared to EGP 9.9 bn by the end of December 2022.

Cash and Balances with CBE

the relative weight of Cash and Balances with CBE, witnessed an decrease, in spite of Accounted for the Fourth largest share of the bank's investment Trends as acquired a relative weight of 8.29% of the bank's total assets by the end of September 2023, compared to a relative weight of 10.15% by the end of December 2022.

Its total value amounted to EGP 9.1 bn at the end of September 2023, compared to EGP 9.8 bn at the end of December 2022.

Other Assets

The relative weight of other assets decreased at a rate of 3.40% of the bank's total assets by the end of September of 2023, recording EGP 3.7 bn, compared to 4.81% and a value of EGP 4.7 bn at the end of December 2022.

Bank's Trends in the Loan Market

By examining the components of total loan portfolio, it is evident that the bank tends to grant credit to Corporates more than retail, given the higher relative weight at the end of the first 9M -2023.

Corporate Loans

Total Corporate loans accounted for a relative weight of 87.33% of the bank's total customer loans by the end of September 2023, compared to 89.88% of the bank's total customer loans by the end of December 2022.

Total Corporate loan portfolio at the bank increased, as achieved a growth rate of 17.3% and an increase of EGP 6.9 bn during the first 9M of last year, reaching EGP 47.2 bn by the end of September 2023, compared to EGP 40.3 bn at the end of December 2022.

Retail Loans

While the relative weight of the bank's retail loan portfolio witnessed an increase to reach 12.67% of the bank's total customer loans by the end of September 2023, compared to a relative weight of 10.12% of the bank's total customer loans by the end of December 2022.

Total retail loans of the bank Jumps by a growth rate of 51.1% and an increase of EGP 2.3 bn during the first 9 months of the last year, to record EGP 6.9 bn by the end of September 2023, compared to EGP 4.5 bn by the end of December 2022.