ADIB, ABK-Egypt, and Al Baraka Bank, Fastest-growing banks in syndicated loans during 9M-2024

According To FirstBank List of Fastest-Growing Banks in syndicated Loans, ADIB Topped the List with A Growth Rate Of 74.24% during the first 9M of this year. The Bank's syndicated Loan Portfolio Increased to EGP 1.385 bn By the End of September 2024, Compared to EGP 795.048 mn By the End Of December 2023.

The List Revealed the Total Syndicated Loans Of 21 Banks in The Egyptian Banking Sector, For Which Financial Data Were Available For Analysis, And 20 Banks Achieved Positive Growth Rates In The Syndicated Loans, while 1 bank declined From January To June 2024.

Returning To the List, ABK Egypt Secured the Second Position With A Growth Rate Of 67.35% During The first 9M of the current Year, Increasing Its Total Portfolio To EGP 2.755 Bn By The End Of June 2024, Compared To EGP 1.646 Bn By The End Of December 2022.

AL Baraka Bank Came in Third Place With A Growth Rate Of 56.65% During The first 9M of the current Year, After The Bank’s Total Portfolio Of Syndicated Loans Rose To EGP 7.093 Bn By The End Of September 2024, Compared To EGP 1.646 Bn By The End Of December 2023.

ADCB Egypt Secured the Fourth Position with A Growth Rate Of 46.46% During The first 9M of this Year, Its Syndicated Loans Increasing To EGP 2.758 bn By The End Of September 2024, Compared To EGP 1.883 mn By The End Of December 2023.

saib Come in Fifth Position With A Total Syndicated Loan Portfolio Growth Rate Of 45.57% During The first 9M of the current Year, Reaching EGP 20.226 Bn By The End Of September 2024, Compared To EGP 13.894 Bn By The End Of December 2023.

As For Sixth Place, CIB Obtained It After Achieving A Growth Rate Of 44.31% In Its Syndicated Loan Portfolio During The first 9M of the current Year, To Record EGP74.049 Bn At The End Of September 2024, Compared To EGP 51.311 Bn At The End Of December 2023.

Ahli United Bank Come in seventh Position With A Growth Rate Of 36.97% During The first 9M of this Year, Reaching EGP 31.872 Bn By The End Of September 2024, Compared To EGP22.242 Bn By The End Of December 2023.

QNB Secured the Eigth Position with A Growth Rate Of 43.29% During The first 9M of this Year, As Its Syndicated Loan Portfolio Increased To EGP 31.872 Bn By The End Of September 2024, Compared To EGP22.242 Bn By The End Of December 2023.

 Bank NXT Ranked ninth with A Growth Rate Of 34.73% During The first half of the current Year, Recording A Total Syndicated Loan Portfolio of EGP 4.490 Bn By The End Of September 2024, Compared To EGP 3.332 Bn By The End Of December 2023.

Bank NXT Ranked ninth with A Growth Rate Of 34.73% During The first 9M of the current Year, Recording A Total Syndicated Loan Portfolio of EGP 4.490 Bn By The End Of September 2024, Compared To EGP 3.332 Bn By The End Of December 2023.

Credit Agricole Ranked ninth with A Growth Rate Of 34.44% During The first 9M of the current Year, Recording A Total Syndicated Loan Portfolio of EGP 1.842 Bn By The End Of September 2024, Compared To EGP 1.370 Bn By The End Of December 2023.

It Is Worth Noting That All The Mentioned Values And Growth Rates In The Above Analysis Are Based On Separate Declared Financial Statements Of Each Bank As Of The End Of September 2024.