aiBank retail deposits grow by 20.3%, reaching EGP 15 bn by end of 2023
First Bank
The financial statements of aiBank, ending on December 31, 2023, revealed a total growth of retail deposits by 20.28% during 2023, to record EGP 15.13 bn by the end of December 2023, compared to EGP 12.58 bn by the end of December 2022, with an increase of EGP 2.55 bn representing 29.72% of the bank's total customer deposits.
Total portfolio of corporate deposits at the bank increased by 0.41% to record EGP 35.77 bn by the end of December 2023, compared to EGP 35.63 bn by the end of December 2022, an increase of EGP 147 mn, representing 70.28% of the bank's total deposits by 2023 End.
The size of ‘demand deposits’, jumped by 34.06% during the last year, reaching EGP 20.53 bn by the end of 2023, compared to EGP 15.31 bn by the end of December 2022, with an increase of EGP 5.22 bn, the size of the “time and notice deposits” portfolio reaching EGP 20.32 bn by the end of December 2023.
It is worth mentioning that total portfolio of customer deposits at the bank rose by 5.60% during the last year, rising from EGP 48.20 bn by the end of December 2022 to EGP50.90bn by the end of December 2023.
