Growing market shares, UAE banks continue to expand in Egypt

UAE banks have expanded significantly in the Egyptian banking market in recent years, moving from a traditional cooperation model to an ambitious regional alliance that reshape the banking landscape.

UAE owns several banks operating in Egypt, including Emirates NBD, which entered the Egyptian market through the 2013 deal, First Abu Dhabi Bank, Abu Dhabi Islamic Bank, which entered the market after acquiring the National Development Bank of Egypt in 2007, and ADCB.

These banks have introduced advanced digital tools and innovative financing solutions to meet the needs of emerging markets, making these banks a role model in integrating modern technologies with traditional banking experiences.

Digitally, the independent financial statements show that four of the five UAE banks operating in the Egyptian market for which the necessary financial statements were available accounted for 4.64% of the total assets of the banking sector by the end of 2024, with a portfolio size of 964.6 billion pounds.

First Abu Dhabi Bank - Egypt "FABMISR" exported the UAE banks in terms of the volume of assets, while it ranked seventh in the list of the largest banks in Egypt with a market share of 1.98% of the total assets of the Egyptian banking sector, recording assets estimated at 412.7 billion pounds at the end of the same year.

In contrast, ADIB achieved the second largest UAE bank and the tenth largest bank in Egypt, a market share of 1.24% of the total assets of the Egyptian banking sector, with an asset volume of 258.8 billion pounds by the end of 2024.

Emirates NBD accounted for 0.76% of total Egyptian banking assets, with an estimated portfolio size of 158.9 billion pounds by the end of 2024.

ADCB Egypt also recorded an asset volume of 134.156 billion pounds, achieving a market share of 0.65% of total Egyptian banking assets by the end of 2024.