Ahli United bank’s Loans to deposit ratio records 74.6% by end of 2023

The financial statements of Ahli United Bank- Egypt, which ended on December 30 of the last year, revealed an decrease in the loans to deposits ratio, recording 74.56% by the end of December 2023, compared to 76.64% by the end of December 2022.

The bank experienced development in its key indicators, with the deposit portfolio growing at a rate of 29.02%, reaching a value increase of around EGP20.26bn during the last year, totaling EGP90.06bn by the end of December 2023, compared to EGP69.80bn by the end of December 2022.

The bank increased credit issuance to its clients by approximately EGP13.66bn during the last year, with the total loan and facilitation for clients growing at a rate of 25.53%, reaching EGP67.15bn by the end of December 2023, compared to EGP53.50 billion by the end of December 2022.

On the financial position front, the bank achieved a growth rate of 32.42%, with an increase of EGP27.71bn in the last year, recording total assets of around EGP113.21bn by the end of December 2023, compared to EGP85.49 bn by the end of December 2022.

Ahli United Bank’s net profits surged by 64.97%, with an increase of EGP 1.30 bn, registering EGP3.31bn during the first 9 months of 2023, compared to EGP2.01 bn during 2022.