Stability controls the market share performance of Egypt's top 10 banks in two years

The market shares of the top 10 banks have been relatively stable over the past two years, and according to data from the Central Bank of Egypt, the top 10 banks maintained their share of the asset market when 78.48% of the total banking sector assets by the end of September 2024, compared to 78.57% by the end of the 2022.

In the deposit market, its share fell slightly to 77.35% of total banking sector deposits by the end of September 2024, compared to 77.81% by the end of 2022.

While its share of total financing fell marginally to 79.18% of total banking sector loans by the end of September 2024, compared to 80.12% by the end of 2022.

Nevertheless, these minor changes remain within a limited range, underscoring the continued near-absolute control of the Egyptian banking sector by the Ten, underpinned by its ability to manage its vast portfolios, and its extensive relations with companies and the Government.

In contrast, they show a gradual decline, albeit at moderate marginal rates in favour of medium and small banks, in clear reference to their relentless attempts to strengthen their presence in the banking sector. by targeting new marginalized segments, or embracing the digitization of their operations, or specializing in microfinance, which may open the door to broader changes in the long term, In the event of a supportive environment and sufficient investments to enhance competitiveness in a market where adult dominance remains a key pillar.

The major challenge for medium and small banks is to turn these initial indicators into a significant change in market structure. The figures confirm that opportunities for medium and small banks remain constrained by their capital size.

The major challenge for medium and small banks is to turn these initial indicators into a significant change in market structure. The figures confirm that opportunities for medium and small banks remain constrained by their capital size.

The adoption of regulatory policies such as mergers or acquisitions between small banks can be a decisive factor in redrawing the sector map over the coming years, as happened with the merger of FAB MISR Egypt and Bank Awdi in 2022, which enabled it to achieve a remarkable rise to seventh place on the Egyptian banking market.