ADIB Egypt’s loans rose to 168% in 5 years

The Consolidated financial statements of Abu Dhabi Islamic Bank - Egypt showed that total customer loans and facilities balances (after deducting deferred returns) rose by 168.3%, reaching EGP 67.4 bn by the end of 2023, compared to EGP 25.1 bn by the end of 2018, with an increase of EGP 42.3 bn.

During the period under analysis, the highest annual growth rate of the portfolio was in 2020, with the Bank's total customer loans rising by 29.5%, reaching EGP 41.8 bn by the end of the year, compared to EGP 32.3 bn by the end of 2019, with an estimated increase of EGP 9.5 bn.

While the largest increase was achieved by the portfolio in 2022 as the growth of the Bank’s total loans increased by EGP 12.3 bn, reaching EGP 59.4 bn by the end of the year, compared to EGP 47 bn by the end of 2021, with a growth of 26% on an annual basis.

As for the performance of the portfolio over the past year, the Bank's total customer loans rose by 13.5%, reaching EGP 67.4 bn by the end of 2023, compared to EGP 59.4 bn by the end of 2022.

In terms of the trends of the loan portfolio of ADIB over the past 5 years, corporates control the total portfolio.

This ratio has stabilized during the period under analysis, rising marginally to about 72.80% of the Bank's total loans by the end of 2023, compared to 72.33% by the end of 2018.

Retail loans dominated about 27.20% of the bank's total loans by the end of last year, compared to 27.67% by the end of 2018.

The Bank's corporate loans, including Corporate and Business Banking, jumped to EGP 49 bn by the end of 2023, compared to EGP 18.2 bn by the end of 2018, with growth of 170.06% and an increase of EGP 30.9 bn.

ADIB’s Retail loans increased by 163.7% during the period under analysis, reaching EGP 18.3 bn by the end of 2023, compared to EGP 6.95 bn by the end of 2018, with an increase of EGP 11.4 bn.

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