First Bank launches a classification of banks operating in Egypt by size: Large, medium, rising

First Bank website issued a recent classification of banks in terms of the size of their assets, dividing them into three main categories: The first category includes large banks whose assets exceed $15 billion, while the second category includes medium-sized banks whose assets range between $5 and $15 billion, while the third category is emerging banks whose assets are less than $5 billion.

This classification aims to highlight the differences in financial position between banks and determine their location within the Egyptian banking sector.

The first category of the classification included the National Bank of Egypt, whose assets amounted to about $159.47 billion at the end of 2024, followed by the Bank of Egypt with total assets of $73.53 billion.

The first category also included the Commercial International Bank – Egypt «CIB», with assets reaching $23.76 billion, followed by the Arab African Bank «and » QNB«Egypt, with total assets of $18.15 billion and $15.9 billion, respectively, by the end of 2024.

As for the second category, which is medium-sized banks, it included Banque du Caire with total assets amounting to $9.49 billion, then both «FABMISR» and «ADIB-Egypt» with asset sizes of $8.11 billion and $5.09 billion, respectively, by the end of 2024.

At the level of the third category, which is emerging banks, Faisal Islamic Bank of Egypt came with total assets of $4.72 billion at the end of 2024, followed by «Alexandria» and «Kuwait National» banks, with total assets estimated at about $4.22 billion and $3.84 billion at the end of 2024.

The third category also included the Egyptian Export Development Bank «EBank», with assets reaching $3.57 billion at the end of last year, then the Suez Canal Bank, with assets reaching $3.54 billion at the end of the same year.

It was also included in the third category HD Bank with assets of $3.53 billion, Emirates NBD Bank with $3.12 billion, then Arab Banking Company Bank «Saib» with about $2.95 billion, followed by Kuwait Finance House Bank – Egypt with $2.83 billion, and Al Ahli Bank Kuwait – Egypt with $2.78 billion by the end of 2024.

The third category also included the Egyptian Gulf Bank «EGBANK» with total assets estimated at approximately $2.72 billion, followed by Abu Dhabi Commercial Bank – Egypt «ADCB» with $2.64 billion, Al Baraka Bank Egypt with $2.51 billion, and Credit Agricole Bank with $2.49 billion by the end of 2024.

Also in the third category was Attijariwafa Bank with assets of $2.45 billion, Arab Banking Corporation Bank – Egypt «ABC» with $1.64 billion, then United Bank with about $1.62 billion, Next Bank with $1.56 billion, and the Industrial Development Bank with $974.72 million by the end of 2024