ADCB – Egypt’s total customer loans rise to 177% in 5 years

Abu Dhabi Commercial Bank - Egypt has witnessed remarkable growth over the past five years, with total customer loans jumping by 177.3%, reaching EGP 37.8 bn by the end of December 2023, compared to 13.63 bn by the end of 2018, with an increase of EGP 24.2 bn.

Monitoring the total customer loans portfolio of ADCB – Egypt over the period under analysis, the highest growth rate, and the largest increase achieved in the portfolio in 2022, where the portfolio rose by 40.9% on an annual basis, recording EGP 31.4 bn by the end of the year, compared to EGP 22.3 bn by the end of 2021, with an estimated increase of EGP 9.1 bn.

As for last year's portfolio performance, it rose by about 20.3%, to EGP 37.8 bn by the end of 2023, compared to EGP 31.4 bn by the end of 2022, with an increase of EGP 6.4 bn.

In terms of the directions of the Bank's loans portfolio over the past 5 years, corporates control the total portfolio.

This percentage increased during the period under analysis, rising to about 78.09% of the Bank's total loans by the end of 2023, compared to 65.68% by the end of 2018.

Retail loans dominated 21.91% of the bank's total loans by the end of last year, compared to 34.32% by the end of 2018.

Bank's corporate loans "including SMEs" jumped to EGP 29.5 bn by the end of 2023, compared to EGP 8.95 bn by the end of 2018, with growth of 229.7% and an increase of EGP 20.6 bn.

The Bank’s loans to the retail banking sector rose by 77% during the period under analysis, reaching EGP 8.3 bn by the end of 2023, compared to EGP 4.7 bn by the end of 2018, with an increase of EGP 3.6 bn.

It should be noted that the bank entered the Egyptian banking market in August 2020, after ADCB Group merging with Union National Bank (UNB), and within a short period was able to achieve record growth in its indicators

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