AAIB rises to fourth place on the list of the largest banks in retail deposits in the Egyptian market

In light of the escalating pace of competition in the Egyptian banking sector, the star of Arab African International Bank shone as an exceptional success story, thanks to its achievement of record growth rates in its various financial portfolios, including the record growth in its portfolio of individual deposits, which qualified the bank to rise to fourth place as the largest bank in terms of The volume of individual deposits in the Egyptian market, surpassing «QNB» Egypt, which held this position.

This achievement is due to the thoughtful strategies led by Tamer Waheed, Vice Chairman and Managing Director of the Arab African International Bank, in cooperation with his team, which focused on diversifying savings solutions to meet all the needs of its customers from all segments.

According to the independent financial statements of the two banks, the deposit portfolio of individuals at the Arab African International Bank increased to 274.787 billion pounds by the end of 2024, compared to 165.480 billion pounds by the end of 2023, with a growth rate of 66.05%, and a total increase of 109.307 billion pounds.

As for individual deposits at «QNB» Bank Egypt, they increased by about 35.13% over the past year, reaching 234.286 billion pounds by the end of 2024, compared to 173.378 billion pounds by the end of 2023, which represents an increase of 60.908 billion pounds.

With these results, «Arab African» ranked fourth in the individual deposit market after «Al Ahly Egyptian», «Egypt», and «CIB».

The exceptional leap achieved by the Arab African International Bank in the individual deposit market was only one focus in its exceptional success story.Its net profits increased by about 94% over the past year, reaching 13.616 billion pounds in 2024, compared to 7.016 billion pounds in 2023.

In terms of the bank’s financial position, its portfolio of assets increased by about 71.4% over the past year, recording 923.59 billion pounds by the end of 2024, compared to 538.83 billion pounds by the end of 2023, a total increase of 384.8 billion pounds.

The bank's total loans to customers jumped to 202.091 billion pounds by the end of 2024, compared to 154.378 billion pounds by the end of 2023, with a growth rate of 30.91%, and an increase estimated at about 47.713 billion pounds.