BANK NXT, NBK and Banque du Caire are the fastest growing banks in mortgage loans during 2024

First Bank’s list of the fastest growing banks in mortgage loans during 2024 revealed that Bank NXT topped the list with a rate of 69.74%, as its portfolio jumped to 1.804 billion pounds by the end of 2024, compared to 1.063 billion pounds by the end of 2023.

The list monitored the total mortgage loans of 19 banks operating in the Egyptian banking sector for which financial data were available for the analysis period, and revealed that 16 banks achieved positive growth rates in their real estate loans, while 3 banks achieved decline rates in their total portfolios during 2024.

Returning to the list, the National Bank of Kuwait – Egypt snatched second place, as its mortgage loan portfolio jumped by about 56.73% during 2024, recording 1.775 billion pounds by the end of 2024, compared to 1.133 billion pounds by the end of 2023.

Banque du Caire came in third place, after its portfolio of mortgage loans increased by about 54.40% over the past year, reaching 8.553 billion pounds by the end of 2024, compared to 5.540 billion pounds by the end of 2023.

Credit Agricole Bank – Egypt came fourth, as its portfolio of mortgage loans increased by about 52.78% during 2024, reaching 1.480 billion pounds by the end of 2024, compared to 968.502 million pounds by the end of 2023.

Qatar National Bank «QNB» Egypt ranked fifth on the list, as its mortgage loan portfolio rose by about 40.69% over the past year, reaching 8.400 billion pounds by the end of 2024, compared to 5.970 billion pounds by the end of 2023.

Egyptian Export Development Bank «EBank» dominated sixth place, as its portfolio of mortgage loans increased by about 38.11% over the past year, reaching 1.157 billion pounds by the end of 2024, compared to 837.564 million pounds by the end of 2023.

saib took seventh place, after its portfolio of mortgage loans increased by about 37.46%, recording 1.652 billion pounds by the end of 2024, compared to 1.202 billion pounds by the end of 2023.

Commercial International Bank «CIB» ranked eighth, as its mortgage loan portfolio jumped by about 33.13% over the past year, recording 5.773 billion pounds by the end of 2024, compared to 4.337 billion pounds by the end of 2023.

Egyptian Gulf Bank «EGBANK» came in ninth place, after its portfolio of mortgage loans increased by about 30.23% over the past year, recording 516.003 million pounds by the end of 2024, compared to 396.231 million pounds by the end of 2023.

As for tenth place, it went to Abu Dhabi Commercial Bank, as its mortgage loan portfolio increased by about 29.35% during 2024, reaching 222.229 million pounds by the end of 2024, compared to 171.809 million 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 independent financial statements announced for each bank by the end of 2024.