CIB and QNB Egypt and AAIB top best private sector Banks on First Bank Credit Competitiveness Index in the last 3 years

First Bank index of credit competitiveness in private sector banks operating in the Egyptian banking sector during the last 3 years revealed that the Commercial International Bank - Egypt «CIB» seized first place on the index after it succeeded in increasing its total portfolio of customer loans by EGP 226.49 bn, reaching EGP 389.58 bn by the end of 2024, compared to EGP 163.09 bn by the end of 2021.

First Bank Credit Competitiveness Index monitored the value of the increase in total customer loans at 18 private banks operating in the Egyptian banking system for which financial data were available in the last 3 years (specifically from the end of 2021, until the end of 2024), and the data revealed that they were all able to increase their portfolios.

First Bank Credit Competitiveness Index measures the extent to which banks are able to offer credit or loan products, to attract customers, whether individuals or companies, and its measurement depends on the absolute value of growth in the loan portfolio, which expresses the extent of the bank’s success in raising its portfolio balance.

It is worth noting that the banks FABMISR and Bank ABC achieved increase values amounting to EGP 119.69 bn and EGP 26.70 bn 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, Qatar National Bank «QNB» Egypt took second place, as the total volume of its loans to customers increased by EGP 180.50 bn over the last 3 years, reaching EGP 365.29 bn by the end of 2024, compared to EGP 184.79 bn by the end of 2021.

Arab African International Bank won third place, thanks to an increase in its total loans to customers by EGP 115.87 bn over the last 3 years, reaching EGP 202.09 bn by the end of 2024, compared to EGP 86.22 bn at the end of 2021.

The National Bank of Kuwait – Egypt «NBK-Egypt» ranked fourth, after its total loans to customers increased by about EGP 62.82 bn during the last 3 years, recording EGP 104.21 bn by the end of 2024, compared to EGP 41.40 bn by the end of 2021.

Abu Dhabi Islamic Bank – Egypt «ADIB-Egypt» came in fifth place, as its total financing to customers jumped by 55.01 billion pounds during the last 3 years, reaching EGP 102.74 bn at the end of 2024, compared to EGP 47.73 bn at the end of 2021.

Suez Canal Bank took sixth place, after its total loans to customers increased by about EGP 53.48 bn over the last 3 years, reaching EGP 79.17 bn by the end of 2024, compared to EGP 25.68 bn by the end of 2021.

Kuwait Finance House Bank – Egypt came seventh, thanks to an increase in the total customer financing portfolio by EGP 46.24 bn over the last 3 years, recording EGP 84.99 bn at the end of 2024, compared to EGP 38.75 bn at the end of 2021.

Emirates NBD Bank – Egypt dominated eighth place, as its total loans to customers increased by about EGP 42.50 bn over the last 3 years, reaching EGP 84.06 bn by the end of 2024, compared to EGP 41.56 bn by the end of 2021.

Al Ahli Bank of Kuwait – Egypt «ABK – Egypt» came in ninth place, after its total loans to customers increased by EGP 42.25 bn over the last 3 years, recording EGP 69.09 bn at the end of 2024, compared to EGP 26.84 bn at the end of 2021.

As for tenth place, it went to Al Baraka Bank, where its total financing to customers increased by about EGP 36.39 bn over the last 3 years, reaching EGP 60.60 bn by the end of 2024, compared to EGP 24.21 bn by the end of 2021.

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