alBaraka Bank, ADIB Egypt and Credit Agricole Bank, Top listed banks in focusing on direct loans by end of 2024
FirstBank list of most focused listed banks on direct loans by the end of 2024 revealed that alBaraka Bank topped the list, by 67.16%, recording total direct loans of EGP 60.602 bn at the end of last year, while total loans portfolio recorded EGP 40.698 bn during the same period.
Abu Dhabi Islamic Bank occupied second place by 57.95% of direct loan portfolio, as it EGP 102.740 bn at the end of 2024, while total loans recorded EGP 59.536 bn at the end of the same period.
And the third place was taken by Credit Agricole Bank - Egypt, direct loans reached 49.05% of total loans, as its loan portfolio recorded EGP 55.186 bn, while its direct loan portfolio recorded EGP 27.068 bn by the end of 2024.
The United Bank came fourth, with 44.85% of direct loan portfolio, as it recorded EGP 31.185 bn at the end of 2024, while its total loans recorded EGP 13.985 bn at the end of the same period.
CIB came in fifth place after the bank’s direct loan department contributed 36.53% of the bank’s total loans, EGP 389.575 bn at the end of 2024, while its direct finance portfolio recorded 142.330 bn at the end of the same period.
It should be noted that all ratios and values mentioned above are according to separate financial statements announced for each bank by the end of 2024.
Focus Percentage of Egyptian Stock Exchange listed Banks on direct loans investment by 2024-End
| # | Bank Name | Direct loans by the end of 2024 | Total customer loans by the end of 2024 | Concentration rate (%) |
|---|---|---|---|---|
| 1 |
alBaraka Bank Egypt |
40.698 billion pounds | 60.602 billion pounds | 67.16 % |
| 2 |
Abu Dhabi Islamic Bank-ADIB Egypt |
59.536 billion pounds | 102.74 billion pounds | 57.95 % |
| 3 |
Credit Agricole Egypt |
27.068 billion pounds | 55.186 billion pounds | 49.05 % |
| 4 |
The United Bank |
13.985 billion pounds | 31.185 billion pounds | 44.85 % |
| 5 |
Commercial International Bank-CIB |
142.33 billion pounds | 389.575 billion pounds | 36.53 % |
| 6 |
EGBANK |
16.74 billion pounds | 48.033 billion pounds | 34.85 % |
| 7 |
Qatar National Bank-QNB  |
108.962 billion pounds | 365.293 billion pounds | 29.83 % |
| 8 |
Housing and Development Bank-HDB |
15.215 billion pounds | 55.973 billion pounds | 27.18 % |
| 9 |
Suez Canal Bank |
19.753 billion pounds | 79.167 billion pounds | 24.95 % |
| 10 |
Export Development Bank of Egypt-EBank |
13.498 billion pounds | 74.736 billion pounds | 18.06 % |
| 11 |
SAIB BANK |
7.448 billion pounds | 65.929 billion pounds | 11.3 % |
