ADCB performs exceptionally on the sustainability index; its market share sees collective growth

Following on the sustainability index, published weekly; the index is powered by the Research Center of First Bank to measure the extent to which banks operating in the Egyptian market are able to achieve sustainable performance, remain competitive and gain more market shares.

the sustainability index is carried out through 4 sub-indicators, including growth in the main financial indicators, movement of market shares, geographical spread, and fintech development, given that these four criteria ultimately constitute the extent of its capability of achieving sustainability and competitiveness.

By applying these criteria ADCB between the end of June 2020 and the latest financial data available at the end of June 2022; the bank has been seen achieving significant growth in its main financial indicators compared to other competitors in the banking sector. As a result the bank has managed to become one of the fastest growing banks.

ADCB made great leaps in its various financial indicators

The bank has made great leaps in its various financial indicators since rebranding into ADCB; as its assets portfolio jumped by 116.39% to record EGP 64.65 billion at the end of June 2022, compared to 29.88 billion pounds at the end of June 2020 with an increase of 34.77 billion pounds.

Moreover, ADCB’s deposit portfolio also increased to EGP 57.19 billion at the end of the first half of 2022, compared to EGP25 billion  at the end of the first half of 2020, achieving a growth rate of 128.73% with an increase of EGP 32.18 billion.

However, the bank’s loans portfolio amounted to 80.13% to post EGP27.19 billion at the end of last June, compared to EGP 15.1 billion at the end of June 2020 with an increase of 12.1 billion pounds.

ADCB also sturdy growth in its net profits which jumped by 159.58% to reach EGP 506.88 million during H1 2022, compared to EGP 195.27 million during H1 2020 with an increase of EGP311.61 million.

ADCB’s market shares in the banking sector have witnessed a collective growth

Furthermore, bank’s market shares have witnessed a collective growth, as it acquired 0.64% of the total assets of the banking sector at the end of June 2022, compared to 0.47% at the end of June 2020, adding about 0.18% to its total share.

The bank’s market share of loans also increased by 0.09%, as it rose to maintain 0.78% of the total banking sector loans at the end of the first half of 2022, compared to 0.69% at the end of the first half of 2020. Yet, its market share of deposits rose to acquire 0.78% of the total deposits of the banking sector at the end of last June, compared to 0.53% at the end of June 2020, adding about 0.24% to its market share.