EBank Tops listed banks in focusing on corporate Deposits by the end of 2023

EBank leads First Bank list of top listed banks in focusing on corporate deposits by the end of December, after its corporate deposits portfolio accounted for 82.24% of its total deposits by the end of 2023.

The Bank's corporate deposit portfolio jumped to EGP 71.5 bn by the end of 2023, compared to EGP 59.7 bn by the end of 2022, with growth of 19.81% and an increase of EGP 11.8 bn.

EBank's total customer deposits rose from EGP 72.9 bn by the end of 2022, to EGP 86.9 bn by the end of 2023, with a growth rate of 19.32% and an increase over EGP 14 bn.

Overall, EBank has achieved a record year over the past year, with net profits rising by 154%, to EGP 3.1 bn in 2023, compared to EGP 1.3 bn in 2022, with an increase of EGP 1.9 bn.

The Bank's asset portfolio rose by 21% and an increase of EGP 20 bn over the past year, registering EGP 116.8 bn by the end of December 2023, compared to 96.8 bn by the end of December 2022.

The bank increased customer loans by EGP 9.8 bn, after its total portfolio of customer loans and facilities increased by 22% over the past year, registering EGP 54.6 bn by the end of December 2023, compared to 44.8 bn by the end of December 2022.   To view the full list. Click More