EBank corporate deposits grow by 20%, reaching EGP 71.5bn by end of 2023

The Separate financial statements of EBank, ending on December 31th, 2023, revealed that corporate deposit portfolio of EBank rose with a growth rate of 19.8%, an increase of EGP11.8bn during the last year.

corporate deposit portfolio reaching EGP 71.49bn by the end of December 2023 Compared to EGP 59.67bn by the end of December 2022, accounts for 82.24% of the bank's deposit portfolio.

Total retail deposit portfolio surged by 17.1% during the last year. To record EGP 15.44bn by the end of December 2023, compared to EGP 13.19 bn at the close of December 2022, an increase of EGP2.26bn. 

EBank's total customer deposits grew by 19.3% representing an increase of EGP 7.8bn during the last year, To record EGP 72.85bn by the end of December 2023, up from EGP 86.93bn at the end of December 2022.

Demand deposit portfolio expanded significantly, witnessing a growth rate of 28.9% with an increase of EGP 8.6 bn during  2023 reaching EGP 38.3bn by the end of December 2023, up from EGP 29.7bn at the end of December 2022.

Furthermore, the portfolio of savings and Deposit Certificates increased by 11.23% during t 2023 rising from EGP 10.5 bn at the end of December 2022 to EGP 11.72bn at the end of December 2023.