Faisal Islamic Bank, SC Bank, and Credit agricole, Top listed banks in Assets-to-deposits coverage ratio during 2024
Faisal Islamic Bank of Egypt topped the list with a coverage rate of 135.68%, having total bank assets of around EGP 240.232 bn and total deposits of EGP 177.055 bn during 2024. Assets-to-deposits coverage ratio indicates the banks' ability to cover their customers' deposits using their asset portfolios.
The list included 12 banks in the Egyptian banking sector, all showing strong coverage ratios for their customers' deposits during the financial period ending in 2024.
Suez Canal Bank secured the second position with Assets-to-deposits coverage ratio of 133.01%, with total assets reaching EGP 180.190 bn and total deposit portfolio of about EGP 135.471 bn by the end of 2024.
As for the third position, it was claimed by Credit Agricole, which possesses the largest asset and deposit portfolio among the listed banks operating in Egypt. It recorded an assets-to-deposits coverage rate of approximately 132.53% by the end of the first half of the current year, with total asset portfolio of EGP 126.598 bn and total deposit portfolio of EGP 95.525 bn by the end of 2024.
EBank ranked fourth with 132.45%, as its total asset portfolio recorded about EGP82.509 bn, while the size of its customers’ deposit portfolio reached EGP137.306 bn by the end of 2024.
The United Bank ranked fifth with 131.35%, as its total asset portfolio recorded about EGP104.1 bn, while the size of its customers’ deposit portfolio reached EGP62.815 bn by the end of 2024.
