SC Bank, BANK NXT and ADCB top the fastest growing private sector banks in corporate loans in the last 3 years

First Bank's list of the fastest growing private sector banks operating in the Egyptian banking sector in institutional loans (including small loans for economic activities) in the last 3 years revealed that Suez Canal Bank topped the list, as its portfolio increased by about 208.3%, recording 73.67 billion pounds at the end of 2024, compared to 23.89 billion pounds at the end of 2021.

The «First Bank» list monitored the total loans of institutions (including small loans for economic activities) at 19 private banks operating in the Egyptian banking system for which financial statements were made available for the last 3 years (specifically from the end of 2021, until the end of 2024), based on the independent financial statements announced for each bank.

The list showed that all the banks monitored achieved positive growth rates in the last 3 years. It is worth noting that the banks «ABC» and «FABMISR» achieved growth rates of 643.2% and 631.4% during the period under analysis as a result of the acquisitions that took place and they were excluded from the classification for accuracy of comparison.

Returning to the list, Bank Next «BANK NXT» won second place, thanks to an increase in its portfolio of institutional loans by about 195.5% in the last 3 years, recording 22.19 billion pounds by the end of 2024, compared to 7.51 billion pounds by the end of 2021.

Abu Dhabi Commercial Bank – Egypt «ADCB» ranked third, after the volume of its institutional loans increased by about 193.6% during the last 3 years, reaching 43.77 billion pounds at the end of 2024, compared to 14.91 billion pounds at the end of 2021.

The National Bank of Kuwait-Egypt «NBK-Egypt» came fourth with a growth rate of 165.6% in the last 3 years, as its portfolio of institutional loans reached 86.50 billion pounds by the end of 2024, compared to 32.57 billion pounds by the end of 2021.

Attijariwafa Bank and Egypt Bank came in fifth place, thanks to the increase in the volume of its loans to institutions by about 165.5% during the last 3 years, reaching 48.66 billion pounds at the end of 2024, compared to 18.33 billion pounds at the end of 2021.

The National Bank of Kuwait – Egypt «ABK – Egypt» took sixth place, as its portfolio of institutional loans jumped by about 161.7% in the last 3 years, reaching 46.19 billion pounds by the end of 2024, compared to 17.65 billion pounds by the end of 2021.

The Commercial International Bank – Egypt «CIB» dominated seventh place, thanks to the increase in the volume of its loans to institutions by about 154.2% in the last 3 years, recording 310.20 billion pounds by the end of 2024, compared to 122.02 billion pounds by the end of 2021.

The Arab African Bank snatched eighth place, as its portfolio of institutional loans jumped by about 145.4% in the last 3 years, recording 177.61 billion pounds at the end of 2024, compared to 72.38 billion pounds at the end of 2021.

Al Baraka Bank Egypt came ninth, after the volume of its institutional financing increased by about 121.3% during the last 3 years, to record 48.08 billion pounds at the end of 2024, compared to 21.73 billion pounds at the end of 2021.

As for tenth place, it went to Kuwait Finance House Bank – Egypt, where its portfolio of institutional finance debtors increased by about 120.9% in the last 3 years, reaching 80.04 billion pounds by the end of 2024, compared to 36.23 billion pounds by the end of 2021.

It is worth noting that private sector banks are banks whose total contribution percentage exceeds 50%, according to data from the Egyptian Ministry of Public Business Sector.