EBank Investment Strategy by March 2024end

The separate financial statements of EBank, ending on March 31 2024, revealed that Bank's asset portfolio has achieved a growth rate of 20.33%, and an increase of EGP 23.73bn, recording EGP 140.49 bn by the end of March 2024, compared to EGP 116.76 bn by the end of December 2023.

Analyzing the investment trends of EBank by March 2024 end:

The bank continued to allocate the majority of its funds to granting loans rather than financial investments, this is evident the remarkable different among relative weight of loans and facilities to customers compared to the relative weight of financial investments, by the end of March 2024.

Customer loans and facilities

The bank's net portfolio of loans and facilities to customers acquired the largest share of the bank's asset portfolio with a relative weight of 43.39% by the end of March 2024, compared to a relative weight of 44.84% of the bank's assets by the end of December 2023.

Bank's net customer loan portfolio witnessed an increase, achieving a growth rate of 23.90% with an increase of EGP 8.61 bn during the first quarter of the current year, to record EGP 60.96 bn by March 2024end, compared to EGP52.36bn by the end of December 2023.

Balances with Banks

The relative weight of Balances with Banks, witnessed a significant increase, accounted for the Third largest share of EBank's asset portfolio with a relative weight of 23.90% of the bank's total assets by the end of March 2024, compared to a relative weight of 17.74% by the end of December 2023.

Balances with Banks jumped by 62.04% and an increase of EGP 12.85 bn to record EGP 33.57 Bn by the end of March 2024, compared to EGP 20.72 bn by the end of December 2023.

Financial investments

EBank's Financial Investments Ranked Third in terms of the bank's investment Trends, relative weight Witnessed an decrease, as acquired 21.39% of the bank's total assets by the end of March 2024 compared to a relative weight of 24.21% of the bank's assets by the end of December 2023.

Bank's Financial Investments rose with a growth rate of 6.28% to record EGP 30.05 bn by March 2024end, compared to EGP28.27bn by the end of December 2023.

Cash and Balances with CBE

The relative weight of Cash and Balances with CBE, witnessed an decrease, in spite of Accounted for the Fourth largest share of the bank's investment Trends as acquired a relative weight of 6.27% of the bank's total assets by the end of March 2024, compared to a relative weight of 7.87% by the end of December 2023, Its total value amounted to EGP 8.81 bn at the end of March 2024, compared to EGP 9.19bn at the end of December 2023.

Other Assets

The relative weight of Other Assets, witnessed an decrease, it acquired a relative weight of 2.46% of the bank's total assets by the end of March 2024, compared to a relative weight of 2.77% by the end of December 2023.

The bank's Other Assets increased with a growth rate of 6.93% to record EGP 3.46 bn by March 2024end, compared to EGP3.23bn by the end of December 2023.

Bank's Trends in the Loan Market

By examining the components of total loan portfolio, it is evident that the bank tends to grant credit to Corporates more than retail, given the higher relative weight at the end of March 2023.

Corporate Loans

Total Corporate loans accounted for a relative weight of 86.06% of the bank's total customer loans by the end of March 2024, compared to 85.88% of the bank's total customer loans by the end of December 2023.

Total Corporate loan portfolio at the bank increased, as achieved a growth rate of 16.28% and an increase of EGP 7.64 bn during the first quarter of the current year, reaching EGP 54.54 bn by the end of March 2024, compared to EGP 46.90 bn at the end of December 2023.

Retail Loans

While the relative weight of the bank's retail loan portfolio witnessed a slight decrease to reach 13.94% of the bank's total customer loans by the end of March 2024, compared to a relative weight of 14.12% of the bank's total customer loans by the end of December 2023.

Total retail loans of the bank rose by 14.53% and an increase of EGP 1.12 bn during the first quarter of the current year, to record EGP 8.83 bn by the end of March 2024, compared to EGP 7.71 bn by the end of December 2023.