QNB Al Ahli Investment Strategy by end of 2023
First Bank
The separate financial statements of QNB Al Ahli, ending on December 31 2023, revealed that Bank's asset portfolio has achieved a growth rate of 30.2%, and an increase of EGP 143.7bn, recording EGP 620.5 bn by the end of 2023, compared to EGP 476.8 bn by the end of December 2022.
Analyzing the investment trends of QNB Al Ahli by 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 2023
Customer loans and facilities
The bank's portfolio of loans and facilities to customers acquired the largest share of the bank's asset portfolio with a relative weight of 40.69% by the end of 2023, compared to a relative weight of 45.43% 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 16.6% with an increase of EGP 35.9 bn during the last year, to record EGP 252.5 bn by 2023 end, compared to EGP 216.6bn by the end of December 2022.
Financial investments
The relative weight of financial investments Witnessed an increase, ranked second in terms of the bank's investment Trends, as acquired 40.13% of the bank's total assets by the end of 2023 compared to a relative weight of 36.67% of the bank's assets by the end of December 2022.
Bank's Financial Investments achieving a growth rate of 42.4% with an increase of EGP 74.2 bn during the last year, to record EGP 249 bn by 2023 end, compared to EGP 174.9 bn by the end of December 2022.
Cash and Balances with CBE
The relative weight of Cash and Balances with CBE Witnessed an increase, as Accounted for the third largest share of QNB Al AHLI's asset portfolio, with 9.92% by the end of 2023, compared to a relative weight of 8.93% by the end of December 2022.
relative weight of Cash and Balances with CBE jump by 44.5% and an increase of EGP 19 bn during the last year, to record EGP 61.6 bn by the end of 2023, compared to EGP 42.6 bn by the end of December 2022.
Balances with Banks
the relative weight of Balances with Banks, witnessed an increase, accounted for the Fourth largest share of the bank's investment Trends as acquired a relative weight of 6.87% of the bank's total assets by the end of 2023, compared to a relative weight of 6.34% by the end of December 2022.
Its total value amounted to EGP 42.6bn at the end of 2023, compared to EGP 30.2 bn at the end of December 2022, achieving a growth rate of 41% with an increase of EGP 12.4 bn.
Other Assets
The relative weight of other assets decreased accounts for 1.61% of the bank's total assets by the end of 2023, recording EGP 10 bn, compared to 1.85% and a value of EGP 8.8 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 2023.
Corporate loans
Total Corporate loans accounted for a relative weight of 79.91% of the bank's total customer loans by the end of 2023, compared to 80.40% of the bank's total customer loans by the end of December 2022.
Total Corporate loan portfolio at the bank increased, achieving a growth rate of 15.7% and an increase of EGP 29.1 bn during the last year, reaching EGP 214.6 bn by the end of 2023, compared to EGP 185.5 bn at the end of December 2022.
retail Loans
Total retail loans witnessed a slight increase accounted for a relative weight of 20.09% of the bank's total customer loans by the end of 2023, compared to 19.60% of the bank's total customer loans by the end of December 2022.
Total retail loan portfolio at the bank increased With a growth rate of 19.3% and an increase of EGP 8.7 bn during the last year, reaching EGP 54 bn by the end of 2023, compared to EGP 45.2 bn at the end of December 2022.
