EBank's corporate deposits grow by 47.4% during H1-2024, recording EGP 105 bn
First Bank
The separate financial statements of EBank, which ended on June 30, revealed an increase in the corporate deposit portfolio at a growth rate of 47.41% and an increase of EGP 33.89 bn during the first half of this year.
The Bank's corporate deposit portfolio was about EGP 10.38 bn at the end of June 2024, compared to EGP 71.49 bn at the end of December 2023.
The volume of the Bank's retail deposits rose by 13.9% and an increase of EGP 2.15 bn during the first half of this year, reaching EGP 17.59 bn by the end of June 2024, compared to EGP 15.441 bn by the end of December 2023.
As a result, the Bank's deposit portfolio increased by 41.46% and an increase of EGP 36.04 bn during the first half of this year, reaching EGP 122.98 bn by the end of June 2024, compared to EGP 86.93 bn by the end of December 2023.
The demand deposits portfolio rose by 32.68% and increased by EGP 12.52 bn by the end of the first half of this year, reaching EGP 50.84 bn by the end of June 2024, compared to EGP 38.32 bn by the end of December 2023.
The portfolio of Time Deposits jumped by 61.19% to an increase of EGP 22.05 bn during the first 6 months of this year, registering EGP 56.42 bn by the end of June 2024, compared to EGP 34.36 bn by the end of December 2023.
Saving deposits portfolio also recorded a growth of 11.21% and an increase of 1.31 bn during the first half of this year, reaching EGP 13.03 bn by the end of June 2024, compared to EGP 11.72 bn by the end of December 2023.
