aiBANK's retail deposits jump by 24.5% during Q1-2024, recording EGP 18.8 bn
First Bank
The separate financial statements of aiBANK, which ended March 31, revealed a growth rate of 24.50% in the retail deposit portfolio and an increase of EGP 3.71 bn during the first quarter of this year, recording EGP 18.84 bn by the end of March 2024, compared to EGP15.13bn by the end of December 2023.
Corporate deposit portfolio rose by 9.93%, with an increase of EGP 3.55bn during the first 3M of this year, after registering EGP 39.32 bn by the end of March 2024, compared to EGP35.77 bn by the end of December 2023.
The Bank's total customer deposit portfolio rose by 14.26% and increased by EGP 7.26 bn in the first quarter of this year, moving from EGP 50.90 bn by the end of December 2023, to EGP 58.16 bn by the end of March 2024.
The demand deposits portfolio rose by 16.65%, an increase of EGP3.42bn in the first quarter of this year, registering EGP 23.95 bn by the end of March 2024 compared to EGP 20.53 bn by the end of December 2023.
Time deposits portfolio increased by 8.22% and an increase of EGP 1.67bn during Q1 of this year, reaching EGP 21.99 bn by the end of March 2024, compared to EGP 20.32 bn by the end of December 2023.
As for the bank's certificates of savings and deposit portfolio, it rose by EGP 546 mn and a growth rate of 6.54% during the first quarter of this year, reaching EGP 8.90 bn by the end of March 2024, compared to EGP 8.35 bn by the end of December 2023.
