Banque Misr’ loans to deposits ratio decreases to 45.21% in H1-22

Banque Misr have seen its loans to deposits ratio decreasing to 45.21% at the first half of 2022, compared to 49.17% at the end of December 2021, according to latest separate financial statement.

The bank was able to increase its deposit portfolio by EGP 222.7bn, as total customer deposits recorded EGP 1.457trn at the end of June 2022, compared to EGP 1.234trn at the end of 2021, achieving a growth rate of 18.05%.

Moreover, the bank has increased loans granted to customers by EGP 51.8 billion. Total loans and facilities to customers jumped to EGP 658.5 billion at the end of June 2022, compared to EGP 606.8 billion at the end of 2021, achieving a growth rate of 8.53%.

In addition, the bank achieved a growth in total assets at a rate of 10.24%.  The total assets portfolio recorded EGP 1.745 trillion at the end of June 2022, compared to EGP 1.583 trillion at the end of December 2021.

However, the bank was also able to achieve a record growth rate of 34.72% in net profits during H1-22. Its net profit amounted to EGP8.508 billion during H1-22, compared to 631.5 billion during the same comparable period of 2021.