EBank tops Listed Banks in Focusing on Corporate Deposits by 2024-End

The Egyptian Bank for Export Development (EBank) held the "First Bank" list of top banks focusing on institutional deposits by the end of 2024, accounting for about 86.60% of the bank's total deposits by the end of last year.

Corporate deposit portfolio jumped by 66.33% over the past year, reaching 118.910 billion pounds by the end of 2024, compared to 71.492 billion pounds by the end of 2023

Customers deposit portfolio rose by 57.94% and an increase of about 50.373 billion pounds over the past year, registering 137.306 billion pounds by the end of 2024, compared to 86.933 billion pounds by the end of 2023.

Overall, the Egyptian Bank for Export Development "EBank" achieved a strong performance over the past year, rising its net profit by 65.91%, to 5.177 billion pounds in 2024, compared with 3.120 billion pounds in 2023, an increase of 2.056 billion pounds.

The bank's pre-tax profits rose by 64.23%, registering 7.278 billion pounds in 2024, compared with 4.432 billion pounds in 2023, an increase of 2.846 billion pounds.

Net interest income jumped by 53.53% and an increase of 2.900 billion pounds over the past year, to 8.319 billion pounds in 2024, compared to 5.419 billion pounds in 2023.

Net fees and commissions income rose by 18.29% and an increase of 263.519 million pounds over the past year, moving from 1.441 billion pounds in 2023 to 1.705 billion pounds in 2024.

The bank's total assets jumped by 55.77% and an increase of 65.11 billion pounds over the past year, registering 181.87 billion pounds by the end of 2024, compared with 116.76 billion pounds by the end of 2023.

Total customer loans and facilities rose by 36.84% over the past year, reaching 74.74 billion pounds by the end of 2024, compared to 54.62 billion pounds by the end of 2023.

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