Mixed performance of AUB - Egypt market shares during the first 9M in 2023

Ahli United Bank - Egypt's market shares have undergone mixed performance during the first 9M of 2023. The increases in its portfolios succeeded in raising its share in the deposit and financial investment markets slightly, but they were not enough to increase its share in the asset and loan markets.

This was revealed by a recent monitoring by First Bank of the development of the market shares of Ahli United Bank – Egypt during the first 9M of 2023 as its share in the asset market fell marginally to 0.73% of the total assets of the banking sector by the end of September 2023, compared to 0.75% by the end of 2022.

While the Bank successfully added about 0.05% to its share, rising to 0.86% of total banking sector deposits by the end of September 2023, compared to 0.81% by the end of 2022.

The increase in the Bank's share in the deposit market is as result of its success in raising its share in the family sector deposit market marginally to 0.31% of the total family sector deposits in the banking sector as a whole by the end of September 2023, compared to 0.27% by the end of 2022

In terms of its share in the loan market, it fell slightly to 1.27% of total banking sector loans by the end of Q3 of 2023, compared to 1.33% by the end of 2022, losing about 0.06% of its share.

The decline in the Bank’s share in loan market, although its share in banking retail stabilized at 0.41% of total retail loans by the end of September 2023, without any change from 2022.

As for its share in the financial investment market, it rose marginally to 0.39% of total financial investments (securities) in the banking sector by the end of Q3 of 2023, compared to 0.38% by the end of 2022.