KFH–Egypt tops best banks in employing deposits to grant loans by the end of 2024

Kuwait Finance House Bank – Egypt topped «First Bank»’s list of the best banks in deposit placement rate for granting loans (loans/deposits) by the end of 2024, with an placement rate of 72.59%.

This came after the bank's total portfolio of financing debtors reached about 84.99 billion pounds, while the volume of deposits recorded about 117.09 billion pounds at the end of last year.

It is worth noting that Kuwait Finance House Bank – Egypt announced its business results for the first quarter of this year, which revealed that it achieved net profits worth 938 million pounds during the first 3 months of 2025, compared to 2.8 billion pounds during the same period in 2024.

The bank's profits before income taxes amounted to 1.43 billion pounds during the first quarter of 2025, compared to 3 billion pounds during the same period in 2024.

Net income from revenue rose to 1.87 billion pounds during the first quarter of 2025, compared to 1.74 billion pounds during the same period in 2024, with a growth rate of 7.7%, and a total increase of 133 million pounds.

Net income from fees and commissions amounted to 215.68 million pounds during the first three months of this year, compared to 251.99 million pounds during the same period in 2024.

In terms of the bank’s financial position, its portfolio of assets increased to 155.10 billion pounds by the end of March 2025, compared to 143.79 billion pounds by the end of 2024, with a growth rate of 7.9%, and a total increase of 11.31 billion pounds.

Its portfolio of customer deposits increased by about 10.43% during the first quarter of this year, reaching 129.3 billion pounds by the end of March 2025, compared to 117.09 billion pounds by the end of 2024.

Total financing debtors increased to 89.7 billion pounds by the end of March 2025, compared to 84.99 billion pounds by the end of 2024, with a growth rate of 5.5%.

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