Significant Increase controls the market shares of QNB Al-Ahly
First Bank
The rise dominated QNB Al-Ahli’s market share performance over the past year, as the Bank's increases in its portfolio successfully raised its market share, with the exception of its share in the loans market, which declined.
This was revealed by a recent monitoring by First Bank of the development of the Bank's market shares over the past year, as the Bank's market share rose to 4.37% of total banking assets by the end of 2023, compared to 4.18% by the end of 2022.
The bank also succeeded in adding 0.47% to its share in the deposit market, jumping to 5.22% of total banking sector deposits by the end of 2023, compared to 4.74% by the end of 2022.
This is a result of its success in raising its share in the family sector deposits market at 2.97% by the end of 2023, compared to 2.83% by the end of 2022.
QNB Al-Ahly has increased its share in the financial investment market to 4.80% of total financial investments (securities) in the banking sector by the end of 2023, compared to 3.95% by the end of 2022.
In terms of its share in the loans market, it fell to 5.08% of total banking sector loans by the end of 2023, compared to 5.75% by the end of 2022.
This was due to a decline in its share in the retail loans market, which fell to 5.86% of total retail loans of the banking sector by the end of 2023, compared to 6.01% by the end of 2022.
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