EBank’s loans to deposit ratio increased to 62.8% by end of 2023

The financial statements of EBank, ending on December 31 of the last year, revealed an increase in loans to deposits ratio, recording 62.8% by the end of December 2023, compared to 61.5% by the end of December 2022.

The bank experienced development in its key indicators, with the deposit portfolio growing at a rate of 19.3%, reaching a value increase of around EGP 14.1 bn during the last year, totaling EGP 86.93 bn by the end of December 2023, compared to EGP 72.85 bn by the end of December 2022.

The bank increased credit issuance to its customers by approximately EGP9.8bn during the last year, Total loans and facilitation for customers growing at a rate of 22%, reaching EGP 54.62 bn by the end of December 2023, compared to EGP 44.82 bn by the end of December 2022.

On the financial position front, the bank achieved a growth rate of 20.7%, with an increase of EGP 20 bn During the last year, recording total assets of around EGP 116.76 bn by the end of December 2023, compared to EGP 96.76 bn by the end of December 2022.

EBank’s net profits surged by 154%, with an increase of EGP 1.89 bn, registering EGP 3.12 bn during 2023, compared to EGP 1.23 bn during 2022.