Attijariwafa Bnak tops fastest growing private sector banks in corporate deposits in the last 3 years

Corporate deposits at Attijariwafa Bank Egypt recorded remarkable growth over the past 3 years, rising to EGP 70.32 bn by the end of 2024, compared to EGP 17.12 bn by the end of 2021, with a growth rate of 310.7%, and a total increase of EGP 53.19 bn.

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 institutional deposits in the last 3 years.

The bank's institutional deposit portfolio has grown continuously over the past three years, rising by 78.3% in 2022, climbing by 61.9% in 2023, and then by 42.2% in 2024.

It is worth noting that Attijariwafa Bank Egypt announced that it achieved net profits of EGP 752 mn during the first quarter of 2025, compared to EGP 810 mn during the same period in 2024.

The bank's profits before income taxes amounted to about EGP 1.16 bn during the first quarter of 2025, compared to EGP 1.17 bn during the same period in 2024.

Its net interest income increased at a growth rate of 18.5% to reach EGP 1.69 bn during the first quarter of 2025, compared to EGP 1.43 bn during the same period in 2024, achieving an increase of EGP 264 mn.

Net income from fees and commissions at the bank achieved a growth rate of 2.2%, reaching 290 million pounds during the first quarter of this year, compared to 284 million pounds during the same period in 2024.

The bank’s total loans and facilities to customers increased at a growth rate of 2%, with an increase of EGP 1.14 bn during the first quarter of this year, to record EGP 60.69 bn by the end of March 2025, compared to EGP 59.55 bn by the end of 2024.

The bank's customer deposit portfolio reached EGP 102.61 bn by the end of March 2025, compared to EGP 104.19 bn by the end of 2024.

The volume of assets increased to 125.78 billion pounds by the end of March 2025, compared to EGP 124.76 bn by the end of 2024, with a growth rate of 1% and an increase exceeding EGP one billion.

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