EBank customer deposits grow by 24%, reaching EGP 108bn during Q1-2024

The Separate financial statements of EBank, ending on March 31, 2024, revealed that customer deposit portfolio of EBank rose with a growth rate of 24.14%, an increase of EGP21bn during the first quarter of the current year.

customer deposit portfolio reaching EGP 107.92bn by the end of March 2024 Compared to EGP 86.93bn by the end of December 2023.

EBank's corporate deposits grew by 22.83% representing an increase of EGP 16.82bn during the first quarter of the this year, To record EGP 90.58bn by the end of March 2024, up from EGP 73.75bn at the end of December 2023.

Total retail deposit portfolio surged by 31.47% during the first quarter of the current year. To record EGP 17.33bn by the end of December 2023, compared to EGP 13.19 bn at the close of December 2023, an increase of EGP4.15bn.

Demand deposit portfolio expanded significantly, witnessing a growth rate of 29% with an increase of EGP 11.11 bn during Q1- 2024 reaching EGP 49.43bn by the end of March 2024, up from EGP 38.32bn at the end of December 2023.

The size of the “time and notice deposits” portfolio grows by 25.34%, with an increase of EGP 8.71 bn reaching EGP 43.08 bn by the end of March 2024, compared to EGP 34.37 bn bn by the end of December 2022.

Furthermore, the portfolio of savings and Deposit Certificates increased by 8.73% during the first quarter of 2024 rising from EGP 11.72 bn at the end of December 2023 to EGP 12.75bn at the end of March 2024.