EBank Customer Deposits Portfolio Jumps to 150% during Last 5 Years

The combined financial statements of the Export Development Bank of Egypt (EBank) revealed that the volume of its customer deposit portfolio has risen by 149.83% over the past five years, reaching EGP 86.7 bn by the end of 2023, compared to EGP 34.7 bn by the end of 2018, with an increase estimated at EGP 52 bn.

Tracking its journey during the period under analysis, we find the highest growth rate in the portfolio in 2021, rising by 27.52%, reaching EGP 64.3 bn by the end of the year, compared to EGP 50.4 bn by the end of 2020, with an increase of EGP 13.9 bn.

The highest increase in the customer deposit portfolio over the past year, jumping by EGP 14 bn, to record EGP 86.7 bn by the end of 2023, compared to EGP 72.7 bn by the end of 2022, with a growth of 19.30% on an annual basis.

At the level of deposit structure within the Bank in terms of type, demand deposits dominated the largest share of the EBank portfolio with a share of 44.09% by the end of 2023, compared to 39.89% by the end of 2018.

Time deposits accounted for about 39.48% of the Bank's total customer deposit portfolio by the end of 2023, compared to 41.97% by the end of 2018.

Saving deposits and certificates of deposit accounted for about 13.52% of the Bank's total customer deposit portfolio by the end of 2023, up from 15.98% by the end of 2018 While other deposits dominated about 2.91% of EBANK customer deposits by the end of last year, compared to 2.15% by the end of 2018

It should be noted that the Bank's demand deposits rose by about 176.2% during the period under analysis, reaching EGP 38.2 bn by the end of 2023, compared to EGP 13.8 bn by the end of 2018, with an increase of EGP 24.4 bn.

Time deposits rose from EGP 14.6 bn by the end of 2018, to EGP 34.2 bn by the end of 2023, with a growth rate of 134.96% and an increase of EGP 19.7 bn.

Saving deposits and certificates of deposit jumped to EGP 11.7 bn by the end of 2023, compared to EGP 5.5 bn by the end of 2018, with a growth rate of 111.34%, and an increase estimated at EGP 6.2 bn.

Other deposits amounted to EGP 2.5 bn by the end of 2023, compared to EGP 746.9 mn by the end of 2018.