SC Bank, AAIB and EBank top the fastest growing banks in customer deposits during 2024

First Bank's list of fastest growing customer deposits in 2024 revealed that Suez Canal Bank had topped its portfolio of customer deposits by 83.95%, reaching EGP 135.471 bn by the end of 2024, compared to EGP 73.647 bn by the end of 2023.

First Bank list monitored the evolution of the customer deposit portfolio of 24 banks operating in the Egyptian banking system for which financial statements were made available during 2024, and showed that all banks monitored positive growth rates in their portfolios.

Returning to the list, the AAIB took second place at a growth rate of 70.78% over the past year, jumping its portfolio to EGP 672.416 bn by the end of 2024, compared to EGP 393.739 bn by the end of 2023.

EBank clinched third place with a growth rate of 57.94% over the past year, climbing its customer deposit portfolio to 137.306 billion pounds by the end of 2024, compared to 86.933 billion pounds by the end of 2023.

Abu Dhabi Islamic Bank - Egypt "ADIB" was fourth, with its portfolio of customer deposits rising by 57.54% over the past year, reaching Pound200.283 billion by the end of 2024, compared to Pound127.128 billion by the end of 2023.

National Bank of Kuwait (NBK) - Egypt (NBK) won fifth place after its customer deposit portfolio jumped by 50.81% in 2024, reaching 159.755 billion pounds by the end of last year, compared to 105.931 billion pounds by the end of 2023.

The sixth ABK-Egypt came from ABK-Egypt, where its portfolio of customer deposits increased by 44.33% over the past year, reaching 119.888 billion pounds by the end of 2024, compared to 83.064 billion pounds by the end 2023.

CIB ranked seventh, after its customer deposit portfolio of about 43.33% last year, to register 967.895 billion pounds by the end of 2024, compared to 675.310 billion pounds by the end of 2023.

HD Bank got eighth place, with its portfolio of customer deposits jumping by 43.14% in 2024, reaching 144.959 billion pounds by the end of last year, compared to 101.274 billion pounds by the end of 2023.

EGBANK held ninth place with a growth rate of 37.99% over the past year, bringing its portfolio of customer deposits to 111.967 billion pounds by the end of 2024, compared to 81.142 billion pounds by the end of 2023.

saib acquired 10th place, after its customer deposits jumped by about a 37.90% over the past year, to score 117.451 billion pounds by the end of 2024, compared to 85.169 billion pounds by the end of the 2023.

It should be noted that all the above values and growth rates according to the independent financial statements announced to each bank by the end of December 2024.