EBank achieves the fastest quarterly growth in its deposits during last 4 years

Customer deposit portfolio is a vital indicator that reflects the strength and stability of any banking corporate in which it demonstrates the level of trust that the Bank enjoys from its customers, EBank's customer portfolio saw record growth during the first half of this year Having jumped at a 41.47% rate and an increase of about EGP 36.05 bn, reaching EGP 122.98 bn by the end of June 2024, compared to EGP 86.93 bn by the end of December 2023, marking the fastest quarterly growth in the last 4 years.

In terms of growth rates in the past years, the Bank recorded growth of 15.48% during the first half of 2023 in its portfolio of customer deposits, while it increased by 8.69% and 14.53% during the same period from 2022 to 2021, respectively

Overall, the Bank achieved outstanding performance during the first half of this year, jumping its net profit by 93.03%, reaching EGP 2.32 bn during the first half of 2024, compared to EGP 1.20 bn during the same period in 2023, with an increase of EGP 1.12 bn.

Net interest income rose at a growth rate of 69 .14% and an increase of EGP 1.61 bn, reaching EGP 3.96 bn during the first six months of this year, compared to EGP 2.34 bn during the same period 2023

Its asset portfolio also rose to around EGP158 bn by the end of June 2024, compared to EGP 116.76 bn by the end of December 2023, with a growth rate of 35.32%, and an increase of EGP 41.24 bn.

The Bank's total loan portfolio jumped by EGP 8.10 bn, with a growth rate of 14.84% during the first half of this year, after hitting EGP 62.72 bn by the end of June, compared to EGP 54.62 bn by the end of December 2023

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