Qatar National Bank-Alahli (QNB-Alahli) acquired about 7.95% of the total loans granted by the banks operating in the Egyptian banking market until the end of last June, according to press release form the bank.
The bank explained that the loans’ portfolio, after calculating the amounts of liquidity the bank reserves to cover its due loans, increased to EGP 58bn by the end of last September, marking a 19% increase compared to the end of 2014.
The percentage of the likely-to-default loans recorded 2.74% by the end of last September, while the liquidity the bank reserves to cover these loans amounted to about 138.4%.
According to the bank, the loans portfolio amounted to approximately EGP 104.7bn by the end of September, marking a growth rate of 22% compared to the end of 2014. That was due to the increase in companies’ deposits, which amounted to EGP 61bn, marking a growth rate of 21%, as well as the increase in the individuals’ deposits by 24%, reaching EGP 43.7bn.
QNB-Alahli’s market share amounted to 5.62% out of the total deposits at the banking sector last June.
The rate of investment for deposits at the bank increased, whereby the ratio of total deposits-to-loans amounted to 58%, compared to the 41% average in the Egyptian banking sector in June. This was achieved due to the bank’s focus on growing the main banking operations, while maintaining high liquidity rates in all currencies.
The bank aims at supporting small and medium projects through an integrated programme that is not limited to providing banking services only, but also aims at providing integrated solutions through a number of affiliated companies.
QNB revealed, at the end of last week, its business results for the fiscal period that came to an end in September.
The bank’s business results revealed that it achieved significant growth in profits, whereby net profits amounted to EGP 2.322bn, marking a 37% increase in comparison to the same period last year.
Basel II regulation CAR & Tier 1 ratios stood at 15.64%, under the ideal application of credit policies, and with the absence of any risky assets in the bank’s investment portfolio.
The total assets at the bank achieved an increase of 23% by the end of last September, compared to December 2014, to reach EGP 127.5bn
QNB-Alahli has 181 branches spread across the country to meet the needs of the largest possible number of customers on the different levels.