ADCB-Egypt’s savings and deposit certificates jumping 159.5% during the last 4 years

1/2/2025 4:12:21 PM

ADCB Egypt's savings and deposit certificates portfolio has seen record growth over the last 4 years, jumping by 159.5%, to EGP 11.81 billion by the end of September 2024, compared to 4.55 billion by the end of December 2018.

Tracking its journey over the past years and specifically since the Bank's launch of its new brand, the highest growth rate achieved by the portfolio in 2022 is 25.46% and an increase of EGP 1.55 billion on an annual basis, reaching EGP 7.64 billion by the end of December 2022, compared to 6.09 billion by the end of December 2021.

In previous years, portfolio volume increased by 23.54% in 2023, with growth of 17.22% in 2021 and 14.17% in 2020.

As for the growth of the portfolio over the past year, it rose by 25.11% and an increase of about EGP 2.37 billion over the first 9 months of last year, reaching EGP 11.81 billion by the end of September 2024, compared to 9.44 billion by the end of December 2023.

This reflects the extraordinary growth in the savings and deposit certificates portfolio and reflects the success of the Bank's strategy in attracting liquidity and meeting the needs and aspirations of its clients through innovative financial policies and keeping pace with economic changes.

This strong performance also shows that the bank has been able to strengthen its position in the Egyptian market, becoming a preferred destination for customers wishing to invest safely and generate rewarding returns.

Recent years have seen a remarkable expansion of ADCB's policies. The bank has worked to introduce competitive return savings certificates, making them an attractive option for customers looking for safe and stable investments, thereby enhancing customer confidence and increasing the turnout of savings certificates as a safe investment tool under market volatility.

Monetary policy and rate hikes have also affected the savings and deposit certificates portfolio significantly by monetary policies and interest rates set by the Central Bank of Egypt In recent years, there have been policies to raise interest rates in order to cope with high inflation rates, This has made fixed-yield savings certificates a preferred means for customers seeking guaranteed and stable returns with increased financial awareness among individuals and their desire to protect their savings.