Al Baraka Bank, HD Bank, and SC Bank, Fastest growing listed banks in credit cards during 2024

First Bank List Of The Fastest-Growing Listed Banks In Credit Cards during 2024 Revealed That Al Baraka Bank Topped The List With A Growth Rate Of 304.86%, Reaching A Portfolio Size Of EGP 243.035 Mn By The End Of 2024, Compared To EGP 60.030 Mn By The End Of December 2023.

The List, Comprising 10 Banks Listed On The Egyptian Stock Exchange, Disclosed Positive Growth Rates In The Total Credit Card Portfolios Of All Banks During The Period From January To December 2024. Faisal Islamic Egyptian Bank Was Absent From The Ranking Due To The Unavailability Of Its Portfolio Value In Its Financial Statements.

HD Bank, Secured The Second Position With A Growth Rate Of 118.07% during 2024, Reaching A Credit Card Portfolio Size Of EGP 278.134 Mn By The End Of 2024, Compared To EGP 127.541 Mn By The End Of December 2023. 

The Third Position Went To SC Bank, With A Credit Card Portfolio Growth Rate Of 109.22% During 2024, Recording EGP 100.331 Mn By The End Of 2024, Compared To EGP 47.955 Mn By The End Of December 2023.

EBank Claimed The Fourth Spot With A Growth Rate Of 64.55%, As Its Credit Card Portfolio Reached EGP 279.297 Mn By The End Of 2024, Compared To EGP 169.734 Mn By The End Of December 2023.  

EGBANK Ranked Fifth With A Growth Rate Of 52.93% during 2024, Reaching A Credit Card Portfolio Size Of EGP 272.696 mn By The End Of 2024, Compared To EGP 178.309 mn By The End Of December 2023. 

It's Important To Note That All Values And Growth Rates Mentioned In The Analysis Are Based On Separate Financial Statements Announced By Each Bank At The End Of 2024.