Banque Misr maintains its contractionary policy during H1 -2022

Banque Misr, leading state-run lender, has been seen more conservative in employing its resources as its resources employment rate declined by 67.9 % by the end of H1\2022 compared to a rate of 75.5% by 2021 end.

The resources employment indicator, launched by First Bank, measures to what extent the bank is employing its traditional resources (deposits + equity) in loans and financial investments.

The decline in the index indicates that the bank followed a contractionary or conservative policy in the employing its resources. Despite the growth of loans and financial investments at a rate of 4.05% during H1, the growth of the bank’s traditional resources was faster and achieved a higher rate of 16.14% during the same period.

Thus, the bank has invested 1.064 trillion pounds of its traditional resources, which amounted to EGP1.586 trillion by the end of June 2022 into loans and financial investments. It invested EGP571.29 billion into loans and 492.70 billion pounds into financial investments.

However, the bank’s traditional resources at the end of June 2022 were distributed between 1.457 trillion pounds in its deposit portfolio and 129.3 billion pounds into the value of equity at the end of the same period.