Al Baraka tops fastest growing private sector banks in retail loans in the last 3 years

Al Baraka Bank has achieved remarkable growth in the volume of its financing to individuals over the past 3 years, which is evident in the increase in its portfolio to 12.52 billion pounds by the end of 2024, compared to 2.48 billion pounds by the end of 2021, with a growth rate of 405.1%, and a total increase exceeding the barrier of 10 billion pounds.

This strong performance prompted the bank to top the «First Bank» list of the fastest growing private sector banks operating in the Egyptian banking sector in individual loans in the last 3 years.

The bank's retail finance portfolio has grown continuously over the past three years, rising by 74.4% in 2022, then making a significant jump of 75.1% in 2023, followed by strong growth of 65.3% in 2024.

It is worth noting that Al Baraka Bank announced the results of the first quarter of this year, which revealed a growth in its net profits at a rate of 72.78% and an increase of 404 million pounds, after recording 959 million pounds during the first 3 months of 2025, compared to 555 million pounds during the same period in 2024.

The bank's profits before taxes increased at a growth rate of 49.69%, with an increase of 447.1 million pounds during the first quarter of 2025, to record 1.365 billion pounds, compared to 918.2 million pounds during the first quarter of 2024.

The bank's net income from revenue rose to 1.810 billion pounds during the first quarter of 2025, compared to 1.337 billion pounds during the first quarter of 2024, growing at a rate of 35.37% and achieving an increase of 472.9 million pounds.

Net income from fees and commissions jumped at a growth rate of 87.62%, recording 259.5 million pounds during the first quarter of 2025, compared to 138.3 million pounds during the same period in 2024, achieving an increase of 121.2 million pounds.

In terms of the bank’s financial position, its total assets increased at a growth rate of 5.10% and an increase of 6.5 billion pounds during the first quarter of this year, reaching 134.3 billion pounds by the end of March 2025, compared to 127.8 billion pounds by the end of 2024.

The customer deposit portfolio jumped at a growth rate of 5.62% during the first quarter of this year, recording 112.6 billion pounds by the end of March 2025, compared to 106.6 billion pounds by the end of 2024.