AAIB, ADCB, and Attijariwafa top the fastest growing private sector banks in deposits in the last 3 years

First Bank list of the fastest growing private sector banks operating in the Egyptian banking sector in customer deposits in the last 3 years revealed that Arab African International Bank topped with a growth rate of 319.7%, as its portfolio rose to EGP 672.4 bn by the end of 2024, compared to EGP 160.2 bn by the end of 2021.

This list monitored the total customer deposits with 18 private banks operating in the Egyptian banking system for which financial data were available for the last 3 years (specifically from the end of 2021, until the end of 2024), and showed that all banks monitored achieved positive growth rates.

It is worth noting that Bank ABC and FABMISR achieved growth rates of 536.27% and 235.97% in the last 3 years as a result of the acquisitions that took place and were excluded from the classification for the accuracy of the comparison.

Returning to the list, Abu Dhabi Commercial Bank – Egypt «ADCB» took second place, as its portfolio of customer deposits rose by about 183.4% in the last 3 years, recording EGP 116.50 bn by the end of 2024, compared to EGP 41.11 bn by the end of 2021.

Attijariwafa Bank Egypt came in third place, thanks to an increase in the volume of its deposits by about 176.6% over 3 years, reaching EGP 104.19 bn at the end of 2024, compared to EGP 37.67 bn at the end of 2021.

Suez Canal Bank came in fourth place, after its portfolio of customer deposits jumped by about 167.8% in the last 3 years, reaching EGP 135.47 bn by the end of 2024, compared to EGP 50.59 bn by the end of 2021.

Abu Dhabi Islamic Bank – Egypt «ADIB» won fifth place, as the volume of its deposits to customers increased by about 164.2% over 3 years, reaching EGP 200.28 bn at the end of 2024, compared to EGP 75.80 bn at the end of 2021.

 NBK-Egypt ranked sixth, after its portfolio of customer deposits increased by about 157.6% in the last 3 years, reaching EGP 159.76 bn at the end of 2024, compared to EGP 62.02 bn at the end of 2021.

Al Ahli Bank of Kuwait – Egypt «ABK – Egypt» came in seventh place, as the volume of its deposits increased by about 150.4% over 3 years, recording EGP 119.89 bn by the end of 2024, compared to EGP 47.89 bn by the end of 2021.

CIB dominated eighth place, thanks to an increase in its portfolio of customer deposits by about 138.3% in 3 years, reaching EGP 967.9 bn at the end of 2024, compared to EGP 406.10 bn at the end of 2021.

Qatar National Bank «QNB» Egypt ranked ninth, after the volume of its customers’ deposits increased by about 130.2% in the last 3 years, recording EGP 681.86 bn by the end of 2024, compared to EGP 296.24 bn by the end of 2021.

As for tenth place, it went to Kuwait Finance House Bank – Egypt with a growth rate of 118.7% over 3 years, as its portfolio of customer deposits jumped to EGP 117.09 bn at the end of 2024, compared to EGP 53.54 bn at the end of 2021.

It is worth noting that all values and growth rates mentioned in the above analysis are in accordance with the separate financial statements announced for each bank.