EBank Tops the fastest growing banks in credit cards in Egypt

Export Development Bank of Egypt leads First Bank list of the fastest growing banks in credit cards over the past year, jumping its portfolio to EGP 169.7 mn by the end of 2023, compared to 65.3 mn by the end of 2022.

Overall, EBank has achieved a record year over the past year, with net profits rising by 154%, to EGP 3.1 bn in 2023, compared to EGP 1.3 bn in 2022, with an increase of EGP 1.9 bn.

The Bank's assets portfolio rose by 21%, with an increase of EGP 20 bn over the past year, registering EGP 116.8 bn by the end of December 2023, compared to 96.8 bn by the end of December 2022.

The bank increased total customer loans by EGP 9.8 bn, after its total portfolio of customer loans and facilities increased by 22% over the past year, registering EGP 54.6 bn by the end of December 2023, compared to 44.8 bn by the end of December 2022. 

The bank was able to increase its total customer deposit portfolio by EGP 14.1 bn, growing by 19.3% over the past year, registering EGP 86.9 bn by the end of December 2023, compared to 72.8 bn by the end of December 2022.

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