SC Bank, FABMISR, and ABK - Egypt top the fastest growing banks in corporate loans during 2024

First Bank list of the fastest growing banks in corporate loans (including small loans for economic activities) during 2024 revealed that Suez Canal Bank topped the list with a growth rate of 120.57%, after its portfolio rose to 73.672 billion pounds by the end of 2024, compared to 33.401 billion pounds by the end of 2023.

The list, which included 24 banks operating in the Egyptian banking sector, for which financial data were made available during the period under analysis, showed that all banks under analysis achieved positive growth rates in their corporate loans portfolio during the year 2024.

Returning to the list, First Abu Dhabi Bank – Egypt «FABMISR» seized second place, as the volume of its corporate loans increased by about 73.72% over the past year, reaching 128.098 billion pounds by the end of 2024, compared to 73.739 billion pounds by the end of 2023.

Al Ahli Bank of Kuwait – Egypt «ABK – Egypt» won third place with a growth rate of 52.36% during 2024, after its portfolio of corporate loans jumped to 46.189 billion pounds at the end of last year, compared to 30.315 billion pounds at the end of 2023.

Commercial International Bank «CIB» snatched fourth place, as the volume of its corporate loans increased by about 51.29% over the past year, recording 310.205 billion pounds by the end of 2024, compared to 205.039 billion pounds by the end of 2023.

Abu Dhabi Islamic Bank – Egypt «ADIB» came in fifth place, as its portfolio of institutional financing increased by about 49.61% over the past year, reaching 75.084 billion pounds at the end of 2024, compared to 50.186 billion pounds at the end of 2023.

Abu Dhabi Commercial Bank – Egypt «ADCB» ranked sixth with a growth rate of 48.32% over the past year, bringing the volume of its corporate loans to 43.771 billion pounds by the end of 2024, compared to 29.510 billion pounds by the end of 2023.

ABC Bank ranked seventh, as its portfolio of institutional loans jumped by about 47.79% over the past year, recording 27.785 billion pounds by the end of 2024, compared to 18.800 billion pounds by the end of 2023.

Emirates NBD Bank – Egypt ranked eighth, with a growth rate of 46.07% over the past year, bringing the volume of its loans to institutions to 67.161 billion pounds at the end of 2024, compared to 45.979 billion pounds at the end of 2023.

BANK NXT ranked ninth, after the volume of its corporate loans jumped by about 45.23% over the past year, recording 22.191 billion pounds at the end of 2024, compared to 15.280 billion pounds at the end of 2023.

As for tenth place, it went to Qatar National Bank «QNB» Egypt, with a growth rate of 39.27% over the past year, thanks to an increase in its portfolio of corporate loans to 298.902 billion pounds by the end of 2024, compared to 214.617 billion pounds by the end of 2023.

It is worth noting that all values and growth rates mentioned in the above analysis are according to the seperate financial statements announced for each bank by the end of 2024