NBK-Egypt, QNB, and Emirates NBD top banks on First Bank Resource Employment Index

First Bank Index for Monitoring top Banks in terms of the rate of Resource Employment in the Banking Sector revealed that NBK-Egypt tops the list with an employment rate of 83.21%, this happens after the Bank employed EGP139.006 bn of its traditional resources in total customer loans and financial investments portfolios by the end of September 2024, while the bank's total traditional resources reached about EGP 167.062 bn by the end of the same period. 

This index, launched by First Bank Research Centre, measures the employment rate of traditional resources (deposits + equity), in (loans + financial investments) of banks operating in the Egyptian banking sector by the end of September 2024.

Returning to the index, QNB won the second position after achieving 81.58% resource employment rate by the end of last December, after employing EGP620.263 bn of its traditional resources in total customer loans and financial investments portfolios, while the total traditional resources reached 760.350 bn by the end of September 2024.

Emirates NBD ranked third on the list with a resource employment rate of 80.79%, after employing about EGP 107.498 bn of its traditional resources in the total customer loans and financial investments portfolios by the end of December 2023, while the size of its traditional resources by the end of the same period reached about EGP133.059 bn.

Ahli United Bank ranked forth with a resource recruitment rate of 80.56%, after employing EGP 108.381 bn of its total traditional resources of 134.527 bn in the portfolios of customer loans and financial investments by the end of September 2024.

Al Baraka Bank took the Fifth position after employing 80.34% of its total traditional resources amounted to EGP 94.845 bn by the end of September 2024, in total customer loans and financial investments portfolios amounted to EGP 118.048 bn by the end of the same period. 

AttijariWafa bank got the Sixth position after its resource employment rate reached 78.66%. The Bank employed EGP 84.795 bn in total customer loans and financial investments portfolios, while its total traditional resources reached 107.794 bn by the end of September 2024. 

The United Bank was able to won the seventh position on the list after employing 77.58% of its total traditional resources amounting to EGP 54.490 bn in total customer loans and financial investments portfolios, while the total traditional resources amounted to EGP 70.237 bn by the end of September 2024. 

Banque du Caire ranked eighth with a resource employment rate of 75.92%, after employing EGP 294.635 bn of its traditional resources in total customer loans and financial investments portfolio, while the total traditional resources reached 388.070 bn by the end of September 2024.

Banque Misr ranked ninth with a resource employment rate of 75.69%, after employing EGP 2.001 tn of its traditional resources in total customer loans and financial investments portfolio, while the total traditional resources reached 2.643 tn by the end of September 2024.

Bank NXT ranked tenth with a resource employment rate of 73.91%, after employing EGP 54.935 bn of its traditional resources in total customer loans and financial investments portfolio, while the total traditional resources reached 74.329 bn by the end of September 2024.

It should be noted that all the above values and employment rates according to the separate financial statements announced to each bank by the end of September 2024