Al Baraka Bank, saib, and EGBANK, Fastest growing listed banks in net fees and commissions income during 2024

First Bank List Of Fastest-Growing listed Banks In Net Fees And Commissions Income during 2024 Revealed That Al Baraka Bank Topped The List With A Growth Rate Of 109.15%, Reaching Approximately EGP861.281mn In 2024, Compared To EGP 411.801 Mn In 2023.

The List, Comprising 10 Banks Listed On The Egyptian Stock Exchange, Disclosed That 9 Banks Achieved Positive Growth Rates In Net Fees And Commissions Income while 1 Bank declined during the period under analysis. Faisal Islamic Bank Was Absent From The List For Not Disclosing Net Fees And Commissions Income.

saib Secured The Second Position With A Growth Rate Of 92.80%, Achieving A Net Income Of About EGP 1.062 Mn during 2024, Compared To EGP 550.967 Mn In 2023. 

EGBANK Came In Third Place, With A Growth Rate Of 74.63%, Recording Approximately EGP 1.156  Mn In Net Fees And Commissions Income In 2024, Compared To EGP 662.209 Mn during 2023.

SC Bank Ranked Fourth, Achieving A Growth Rate Of 48.32%, Recording EGP 979.914 Bn In Net Fees And Commissions Income In 2024, Compared To EGP 660.680 bn In 2023.

QNB Secured The Fifth Position, With A Growth Rate Of 41.66% In Net Fees And Commissions Income, Reaching Approximately EGP 5.686 bn In 2024, Compared To EGP 4.014 bn during the same period 2023.

It’s Worth Noting That All The Mentioned Values And Growth Rates In The Analysis Above Are Based On Separate Financial Statements Announced By Each Bank by the end of 2024.