ADCB witnesses great leap in its assets, an increase in market share

Abu Dhabi Commercial Bank-Egypt’s asset portfolio has jumped by 99.68 % to record 64.65 billion pounds at the end of the first half of 2022, compared to 32.38 billion pounds at the end of 2018 with an increase of 32.27 billion pounds.

Such increase in the bank’s indicators are seen as an extension of the exceptional successes achieved since entering into the Egyptian market in August 2020 after its merger Union National Bank. Over two years, it has become one of the fastest growing banks in the Egyptian banking sector.

By tracking the growth of the bank’s asset portfolio before and after the acquisition; it have seen its fastest growth rate and value during 2021, where it jumped by 40.97% to record 48.36 billion pounds at the end of last year, compared to 34.30 billion pounds by the end of 2020 with an increase of 14.05 billion pounds.

The bank continued its record performance this year, topping First Bank list of the fastest growing banks in it terms of asset portfolio during the first half of 2022, after its portfolio jumped by 33.7%, to record 64.65 billion pounds at the end of last June, compared to 48.37 billion pounds at the end of 2021 with an increase amounting to 16.3 billion pounds.

This strong performance of ADCB under the leadership of Ehab Al-Sewerky has resulted into an increase in its market share to record 0.64% of the total assets of the banking sector at the end of June 2022, compared to 0.60% at the end of 2018.

To know more details about the achievements and indicators of ADCB-Egypt during 2022, and its latest news, click here.