Ahli United bank’s loans to deposit ratio increased to 75.13% by March 2024end
First Bank
The separate financial statements of Ahli United Bank -Egypt, ending on March 31 of the current year, revealed an increase in loans to deposits ratio, to reach 75.13% by the end of March 2024, compared to 74.56% by the end of December 2023.
The bank witnessed good performance in its key indicators, The Bank's deposit portfolio increased by 12.58%, an increase of EGP 11.33bn in the first 3 months of the current year, totaling EGP 101.39 bn by the end of March 2024, compared to EGP 90.06 bn by the end of December 2023.
The bank increased credit issuance to its customers by approximately EGP9.02bn during the first quarter of the current year, Total financing and facilitation for customers and banks rose by 13.43%, reaching EGP 76.17 bn by the end of March 2024, compared to EGP 67.15 bn by the end of December 2023.
On the financial position front, the bank achieved a growth rate of 12.40%, with an increase of EGP 14.04bn during the first 3 months of the current year, recording total assets around EGP 127.25 bn by the end of March 2024, compared to EGP 113.21 bn by the end of December 2023.
Ahli united Bank’s net profits surged by 77.52%, with an increase of EGP1.22bn, registering EGP 2.80 bn during Q1- 2024, compared to EGP 1.58 bn during the same period of 2023.
