CIB's total customer loans rose by more than EGP 193 bn in 5 years
First Bank
Commercial International Bank managed to achieve remarkable growth in its total customer loans over the last 5 years, with its portfolio jumping nearly 162% over the past five years, reaching EGP 312.8 bn by the end of March 2024, compared to EGP 1.19.4 bn by the end of 2018, with an increase of EGP 193.4 bn.
Tracking its journey over the period under analysis, we find the highest growth rate achieved by the portfolio, and the highest increase value was in 2022, rising by about 34.1% on an annual basis, to EGP 218.6 bn by the end of the year, compared to EGP 163.1 bn by the end of 2021, with an estimated increase of about EGP 55.5 bn.
The second highest growth rate, and the second highest growth value, was seen in the portfolio in 2023. The Bank's total customer loans jumped by EGP 46.5 bn, registering EGP 265.1 bn by the end of last year, compared to EGP 218.6 bn by the end of 2022, with growth of 21.3% on an annual basis.
As for the growth of the portfolio during the year, it jumped by 18% and an increase of EGP 47.7 bn in Q1 of 2024, reaching EGP 312.8 bn by the end of March, compared to EGP 265.1 bn by the end of 2023.
As for the trends of CIB regarding customer loans, the Bank tends significantly to provide corporate loans as compared to retail loans, where corporate loans accounted for about 79.15% of its total customer loans by the end of March 2024, and this percentage reflects their relative stability during the period under analysis, accounting for 80.55% by the end of 2018.
Retail loans accounted for about 20.85% of the bank's total loans by the first quarter of 2024, compared to 19.45% by the end of 2018.
The Bank's loans for the retail banking sector has risen by 180.8% over the past five years, reaching EGP 65.2 bn by the end of March 2024, compared to EGP 23.2 bn by the end of 2018, with an increase of EGP 42 bn.
The Bank's corporate loans rose by 157.4%, to 247.6 bn by the end of March 2024, up from EGP 96.2 bn by the end of 2018, with an increase of EGP 151.4 bn.
