AAIB, CIB, and ABK – Egypt top fastest-growing private sector banks in retail deposits in last 3 years

First Bank list of the fastest growing private sector banks operating in the Egyptian banking sector in retail deposits in the last 3 years revealed that the Arab African International Bank topped the list with a growth rate of 387.5%, as its portfolio rose to EGP 274.79 bn by the end of 2024, compared to 56.37 bn pounds by the end of 2021.

The «First Bank» list monitored the total deposits of retails 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 the banks «ABC» and «FABMISR» achieved growth rates of 321.5% and 72.3% 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, the Commercial International Bank – Egypt «CIB» took second place, as its portfolio of retail deposits increased by about 137.5% in the last 3 years, reaching EGP 537.33 bn by the end of 2024, compared to 226.24 bn pounds by the end of 2021.

Al Ahli Bank of Kuwait – Egypt «ABK – Egypt» came third, with a growth rate of 136.8% over 3 years, thanks to the rise in its retail deposit portfolio to EGP 33.93 bn at the end of 2024, compared to EGP 14.33 bn at the end of 2021.

Abu Dhabi Commercial Bank – Egypt «ADCB» came in fourth place, after the volume of retail deposits increased by about 121.3% in the last 3 years, reaching EGP 23.04 bn by the end of 2024, compared to 10.41 bn pounds by the end of 2021.

Emirates NBD Bank – Egypt came fifth, as its portfolio of retail deposits jumped by about 96.7% over 3 years, reaching EGP 46.1 bn at the end of 2024, compared to EGP 23.43 bn at the end of 2021.

Kuwait Finance House Bank – Egypt won sixth place, after the volume of retail deposits increased by about 95.9% in the last 3 years, recording EGP 25.61 bn by the end of 2024, compared to EGP 13.07 bn by the end of 2021.

Suez Canal Bank ranked seventh, thanks to an increase in its portfolio of retail deposits by about 88.5% over 3 years, reaching EGP 21.13 bn at the end of 2024, compared to EGP 11.21 bn at the end of 2021.

Suez Canal Bank ranked seventh, thanks to an increase in its portfolio of retail deposits by about 88.5% over 3 years, reaching EGP 21.13 bn at the end of 2024, compared to EGP 11.21 bn at the end of 2021.

Qatar National Bank «QNB» Egypt came eighth, as its portfolio of retail deposits jumped by about 87.2% in the last 3 years, reaching EGP 234.29 bn by the end of 2024, compared to EGP 125.13 bn by the end of 2021.

Abu Dhabi Islamic Bank – Egypt dominated ninth place, after the volume of retail deposits increased by about 83.4% over 3 years, reaching EGP 86.80 bn at the end of 2024, compared to EGP 47.32 bn at the end of 2021.

As for tenth place, it went to Bank NXT«, as its portfolio of retail deposits jumped by about 82.4% in the last 3 years, to record EGP 21.45 bn by the end of 2024, compared to EGP 11.76 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 seperated financial statements announced for each bank.