Fathi Al-Sayeh and Iman Al-Wasili
*Customer Deposit Portfolio has been registered to 143 One billion Egyptian pounds at the end of June 838*
Mohamed Badir, CEO of QNB Al Ahli Bank, honored a number of distinguished employees in various sectors of the bank, including the employees of the branch network, the corporate sector, and small and medium enterprises
Muhammad Badir presented certificates of appreciation and valuable gifts to the employees as an expression of their efforts They made it during the last period to achieve the plans and objectives of the bank, wishing them continued success and to continue the path of success with determination and power.
It is worth noting that QNB Al Ahli Bank achieved high business results by the end of the first half of this year 2022, as the results of its independent and consolidated business showed that the bank achieved a consolidated net profit of 4. 406 One billion Egyptian pounds with a growth rate 838 % compared to the same period of the previous year, while the total consolidated assets amounted to
One billion Egyptian pounds by the end of June
, an increase of
% compared to December
The loan portfolio has increased since the end of the previous year by an amount 049 One billion Egyptian pounds, equivalent to
(according to the latest available data from the Central Bank of Egypt).
The bank succeeded in supporting the small and medium enterprises sector and achieving the targeted ratios under the supervision of the World Bank My Egyptian Central Bank, as the percentage of facilities granted to small and medium-sized companies has already reached 86 .7% to exceed the target percentage by the Central Bank, which is 26 %, and the percentage of facilities granted to small companies exceeded the target, reaching 86 .2% by the end of June 838.
And the customer deposit portfolio grew to 406 One billion Egyptian pounds at the end of June 2021 – an increase 42 One billion Egyptian pounds since the beginning of the year and a growth rate 35 % – driven by growth in all areas of activities, and the bank’s market share of total deposits has reached 4. 64 % in March 2021 (According to the latest available data from the Central Bank of Egypt).
The bank achieved leadership in terms of employment rates, as the ratio of loans to deposits reached 2021 .0% (at the end of June 2022) compared to the average 86 % for the banking sector (in March
According to the latest available data from the Central Bank of Egypt) in light of the focus on the growth of basic banking operations while maintaining high liquidity rates in all currencies.
QNB ALAHLI focuses on the optimal application of credit policies, which was reflected in the percentage of non-performing loans, which amounted to 4.
%, while the coverage ratio of provisions for substandard loans was