Faisal Bank, the United Bank, and alBaraka, Top listed banks in focusing on retail deposits by 2024end

According To The List Provided By FirstBank Of The Most Focused Listed Banks On Retail Deposits By The End Of 2024, Faisal Islamic Bank Egypt Topped The List. Bank's Retail Deposits Accounted For 97.62% Of The Total Customer Deposits, Amounting To EGP 177.055 Bn By The End Of 2024 The Bank's Portfolio Of Retail Deposits Stood At EGP 172.843 Bn During The Same Period.

The List Reveals The Strategies Of The Banks Listed On The Egyptian Stock Exchange In Structuring Their Deposit Portfolios, Specifically In Terms Of Diversifying Certificate Offerings And Products To Attract More Customers. The List Is Based On The Criterion Of Retail Deposits Divided By Total Deposits, Providing An Indicator Of How Focused A Bank's Deposit Portfolio Is On Retail Deposits.

The United Bank Secured The Second Position, With 58.85% Of Its Deposit Portfolio Valued At EGP 36.966 Bn By The End Of 2024, Dedicated To Retail Deposits, Which Amounted To EGP62.815 Bn During The Same Period.

alBaraka Bank Ranked Third, With 58.82% Of Its Total Deposit Portfolio Of EGP62.685 Bn By The End Of 2024 Dedicated To Retail Deposits, Which Amounted To EGP 106.572 Bn During The Same Period.

CIB and HD Bank Claimed the Fourth Position, With 55.51% Of Its Deposit Portfolio, with CIB Totaling EGP 537.325 Bn, Dedicated To Retail Deposits Amounting To Approximately EGP 967.895 Bn By The End Of 2024.

While Housing And Development Bank's Deposit Portfolio, Valued At EGP 80.471 Bn, Focused On Retail Deposits Amounting To EGP 144.959 Bn By The End Of 2024.

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