Mixed performance of Ahli United Bank-Egypt's market shares

Ahli United Bank-Egypt's market shares witnessed mixed performance over the past year since the Bank's increases in its financial portfolios raising its share of deposits, financial investments and assets slightly, while not enough to increase its share in the loans market.

This was revealed by a recent monitoring by First Bank of the development of the market shares of Ahli United Bank-Egypt in 2023 as its share in the asset market rose marginally to 0.80% of the total assets of the banking sector by the end of 2023, compared to 0.75% by the end of 2022.

While the Bank managed to add about 0.07% to its share, rising to 0.89% of total banking sector deposits by the end of 2023, compared to 0.81% by the end of 2022.

The Bank’s success in raising the deposits market is due to increasing its share of family sector deposits market to 0.32% of total family sector deposits in the banking sector by the end of 2023, compared to 0.27% by the end of 2022.

As for its share in the financial investment market, it rose marginally to 0.42% of total financial investments (securities) in the banking sector by the end of 2023, compared to 0.38% by the end of 2022.

In terms of its share in the loans market, it fell slightly to 1.23% of total banking sector loans by the end of 2023, compared to 1.33% by the end of 2022, losing about 0.07% of its share.

The decline in Ahli United Bank-Egypt's share of the loans market comes despite the marginal stability of its share in retail banking at 0.40% by the end of 2023, compared to 0.41% by the end of 2022.

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