ADCB tops Fastest Growing Banks in Syndicated Loans during 2024

Abu Dhabi Commercial Bank’s syndicated loan portfolio – Egypt «ADCB» witnessed exceptional growth over the past year, jumping by about 239.93%, reaching 6.402 billion pounds by the end of 2024, compared to 1.883 billion pounds by the end of 2023.

Thanks to this strong growth, Abu Dhabi Commercial Bank topped the «First Bank» list of the fastest growing banks in syndicated loans during 2024, compared to 11th place in 2023.

Overall, ADCB – Egypt «ADCB» delivered a strong performance over the past year, with its net profit jumping by around 108.66%, to 4.27 billion pounds in 2024, compared to 2 billion pounds in 2023, for a total increase of 2.2 billion pounds, recording the fastest annual growth in 5 years.

Net interest income increased by about 88.92%, reaching 8.6 billion pounds in 2024, compared to 4.6 billion pounds in 2023, an increase exceeding 4 billion pounds.

Net fees and commissions income rose to one billion pounds in 2024, compared to 644.1 million pounds in 2023, a growth rate of 58.32%, and an increase of 375.6 million pounds.

In terms of the bank’s financial position, the asset portfolio increased at a growth rate of 36.81%, with an increase of 36.09 billion pounds over the past year, to record 134.16 billion pounds by the end of 2024, compared to 98.06 billion pounds by the end of 2023.

The bank’s customer deposit portfolio increased by about 34.48% over the past year, reaching 116.50 billion pounds by the end of 2024, compared to 86.64 billion pounds by the end of 2023, an increase of 29.87 billion pounds.

The bank's total customer loan portfolio jumped at a growth rate of 45.43% and an increase of 17.17 billion pounds over the past year, reaching 54.96 billion pounds by the end of 2024, compared to 37.79 billion pounds by the end of 2023.

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