CIB, and QNB, and ADIB, top listed banks on First Bank index of depositor confidence during 2024

First Bank Index Of Depositors’ Confidence In Listed Banks By The End Of Last September Revealed That Commercial International Bank – Egypt Ranked First After It Succeeded In Increasing Its Customer Deposits Portfolio By EGP 292.585 Bn During 2024, To Record EGP 967.895 Bn By The End Of 2024, Compared To EGP 675.310 Bn By The End Of December 2023.

First Bank Index Of Depositors’ Confidence Measured The Value Of The Increase In The Size Of Deposit Portfolios Of 11 Banks Listed On The Egyptian Stock Exchange During The Period From January To September 2024, And The Index Revealed That all Banks Were Able To Increase Their Customer Deposits Portfolios By A Total Value Of EGP 828.453 Bn During 2024. 

First Bank Index Of Depositors’ Confidence Is An Index That Was Launched To Measure The Trends And Confidence Of Savers In Linking Deposits And Certificates To Egyptian Banks During A Certain Period.

The Index Relies On Measuring The Value Of The Increase In The Balance Of Deposit Portfolios Of Banks Listed On Egyptian Stock Exchange, So That The Largest Bank That Received New Deposits During The Period From January To September 2024 Is The First Bank On The Index.

QNB Ranked Second, After Its Customer Deposits Portfolio Increased By EGP 151.745 Bn During 2024, To record EGP 681.864 Bn By The End Of 2024, Compared To EGP 530.119 Bn By The End Of December 2023.

Abu Dhabi Islamic Bank – Egypt Came In Third, After It Managed To Increase Its Customer Deposits Portfolio By EGP 73.155 Bn During 2024, To Reach EGP 200.283 Bn By The End Of 2024, Compared To EGP 127.128 Bn By The End Of December 2023.

SC Bank Came In Fourth Place, After It Managed To Increase Its Customer Deposits Portfolio By An Increase Of EGP 61.824 bn during 2024, After Its Portfolio Size Rose To EGP 135.471 Bn By The End Of September 2024, Compared To EGP 73.647 Bn By The End Of December 2023.

The Fifth Place Was Won By Export Development Bank -EBank, After Its Customer Deposits Portfolio Increased by EGP 50.373Bn During 2024, To Record EGP 137.306Bn By The End Of 2024, Compared To EGP 86.933Bn By The End Of December 2023.

It Is Worth Noting That All the Numbers And Growth Values Mentioned In The Analysis Above Are According To Separate Financial Statements Announced For Each Bank By The End Of 2024.