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

EBank's customer deposit portfolio saw record growth in the first 9 months of this year, after jumping 45.92%, registering the fastest quarterly growth in the last 4 years

The size of the Bank's customer deposit portfolio was around EGP 126.85 billion by the end of September 2024, compared to EGP 86.93 billion by the end of December 2023, and an increase of EGP 39.92 billion to top the First Bank list of fastest-growing deposit banks from January to September.

In terms of growth rates in the past years, the Bank recorded growth of 18.29% during the first 9 months of 2023 in its customer deposits portfolio, while rising by 9.91% and 25.23% during the same period of 2022 and 2021, respectively

Overall, the Bank achieved a breakthrough performance from January to September, with net profits jumping by 80.1%, registering about 3.88 billion pounds in the first 9 months of 2024, compared to 2.15 billion pounds in the same period from 2023, an increase of 1.73 billion pounds.

Net interst income rose by 61.37%, with an increase of 2.33 billion pounds, reaching 6.13 billion pounds in the first 9 months of 2024, compared to 3.79 billion pounds in the same period of 2023

The Bank's assets portfolio increased by 46.12%, with an increase of 53.85 billion pounds during the first 9 months of the current year, reaching 170.61 billion pounds by the end of September 2024, compared to 116.76 billion by the end of December 2023.

Total customer loans jumped by 12.71 billion pounds, with a growth rate of 23.28% during the first 9 months of this year, after registering a portfolio size of 67.33 billion pounds by the end of September 2024, compared to 54.62 billion pounds by the end of December 2023