Mixed performance of Banque Misr’s market shares in the first 9M of 2023

Banque Misr’s market shares have experienced mixed performance over the past year, with the bank successfully increasing its share in loans and financial investments, while its share in asset and deposit markets fell.

This was revealed by a recent monitoring conducted by First Bank of the development of the market shares of Banque Misr during the first 9M of 2023, where its share in loans market rose to 18.18% of total banking sector loans by the end of last September, compared to 17.71% by the end of 2022, adding about 0.47% to its share.

The increase in its share of loans market is due to its success in raising its share in the retail banking market slightly to 12.82% of total retail loans in the banking sector by Q3 of 2023, compared to 12.65% by the end of 2022.

In terms of Banque Misr’s market share in the asset market, it fell significantly to 16.96% of the total assets of the banking sector by the end of September 2023, compared to 19.49% by the end of 2022, losing about 2.53% of its share.

It also lost about 1.22% of its share in the deposit market, declining to 18.91% of total banking sector deposits by the end of September 2023, compared to 20.13% by the end of 2022.

The decline in its share of the deposit market is due to the decline in its share in the family sector as its share fell to 21.77% of the total deposits of the family sector at the level of the Egyptian banking sector as a whole by Q3 of 2023, compared to 22.29% by the end of 2022.

As for the Bank's share of the financial investment market, it jumped to 17.19% of total financial investments (securities) in the banking sector by the end of September 2023, compared to 15.50% by the end of December 2022, thus succeeding in adding about 1.70% to its share.