Ahli United Bank's Resource Employment Rate Scores 82.77% by June 2024-End

The separate financial statements of Ahli United Bank - Egypt revealed that the Bank's resource employment rate fell to 82.77% by the end of June 2024, compared to 85.90% by the end of 2023.

This indicator, launched by the Research Centre of First Bank, measures the employment rate of traditional resources (deposits + equity), in (loans + financial investments) of banks operating in the Egyptian banking sector.

The decline in the Bank's resource employment rate during the first half of 2024 reflects the adoption of a conservative policy towards the employment of its resources during this period, which has strengthened the Bank's move away from the average resource employment rate for banks operating in the sector of more than 97%.

Turning to the Bank's figures, we find that it employs EGP 104.9 bn from its traditional resources, which recorded EGP 126.7 bn by the end of June 2024 in the loans and financial investments, with EGP 24.4 bn for financial investments, and 80.5 bn for total loans

While employing EGP 88.7 bn from its traditional resources, which recorded EGP 103.3 bn by the end of 2023 in loan and financial investment, with EGP 21.6 bn for financial investments, and 67.2 bn for total loans.

The Bank's traditional resources were distributed by the end of the first half of 2024, between EGP 110.3 bn the value of the deposit portfolio, while the value of equity received 16.4 bn by the end of the same period

The Bank's deposit employment rate for loans fell to 73% by the end of June 2024, compared to 74.56% by the end of 2023

While Deposit employment for financial investments fell to 22.1% by the end of June, compared to 23.95% by the end of 2023.

For more details about Ahli United Bank - Egypt and its highlights, click more