ADIB - Egypt's Market shares grew during the first 9M of 2023

The decline dominated Abu Dhabi Islamic Bank - Egypt's market shares during the past year, as the bank was able to raise its share in the deposit market, while its shares in the asset, loan and financial investment markets declined.

In a recent monitoring conducted by First Bank to track the development of Abu Dhabi Islamic Bank - Egypt market shares during the first 9M of 2023, it revealed that its share in assets fell marginally to 1.01% of total banking assets by the end of Q3 of 2023, compared to 1.02% by the end of 2022.

The bank's market share in loans market fell to 1.30% of total Egyptian banking sector loans by the end of September 2023, compared to 1.48% by the end of 2022.

The decline in ADIB - Egypt's share in loans market because of the decline of its share in retail banking down to 1.84% of total retail loans in the Egyptian banking sector by the end of Q3 of 2023, compared to 1.91% by the end of 2022.

The bank's market share in the stock market also fell to 0.59% of total financial investments (securities) in the banking sector by the end of September 2023, compared to 0.70% by the end of December 2022.

The bank's share in the deposit market rose to 1.18% of total banking sector deposits by the end of September 2023, compared to 1.14% by the end of 2022.

The increase in the Bank's share in the deposit market is due to the increase in its share in the family sector to 0.99% of the total family sector deposits in the banking sector by the end of September 2023, compared to 0.97% by the end of 2022.