ABC, FABMISR, and HSBC: Fastest-Growing Foreign Banks in Net Interest Income in Q1 2025
ABC topped the list of the fastest-growing foreign banks in Egypt in terms of net interest income over the past 3 years, with an average growth rate of 174.1%.
FABMISR came second with 118.3%, followed by HSBC in third place with 75.5%. ADCB and ADIB-Egypt secured the fourth and fifth spots with average growth rates of 70.7% and 64.6%, respectively.
According to First Bank's list of the fastest-growing foreign banks in Egypt based on net interest income over the past 3 years (2022–2024), ABC Bank – Egypt ranked first with an average growth of 174.1%, recording EGP 4.49 billion in 2024, up from EGP 3.52 billion in 2023 and EGP 613.78 million in 2022.
The ranking includes 13 foreign banks operating in the Egyptian banking sector, for which financial data was available for the three years. All of them achieved positive growth in net interest income. Notably, ABC and FABMISR underwent acquisitions during this period, which influenced their growth rates.
FABMISR came second with an average growth of 118.3%, reaching EGP 31.99 billion in 2024, up from EGP 15.97 billion in 2023 and EGP 5.68 billion in 2022. HSBC ranked third with an average growth of 75.5%, recording EGP 31.66 billion in 2024, compared to EGP 20.15 billion in 2023 and EGP 8.65 billion in 2022.
ADCB followed in fourth place with an average growth rate of 70.7%, as net interest income rose to EGP 8.65 billion in 2024, from EGP 4.58 billion in 2023 and EGP 2.89 billion in 2022.
ADIB – Egypt came fifth, averaging 65.6% growth, with net interest income reaching EGP 14.98 billion in 2024, compared to EGP 8.79 billion in 2023 and EGP 4.73 billion in 2022.
NBK–Egypt ranked sixth with an average net interest income growth rate of 62.2% over the past three years, reaching EGP 11.6 billion in 2024, up from EGP 6.99 billion in 2023 and EGP 3.83 billion in 2022.
Crédit Agricole Egypt followed in seventh place, with an average growth rate of 58.1%, as NII rose to EGP 11.04 billion in 2024, compared to EGP 7.43 billion in 2023 and EGP 3.8 billion in 2022.
Kuwait Finance House–Egypt came in eighth, recording a 54.2% growth rate, with reaching EGP 7.55 billion in 2024, versus EGP 4.96 billion in 2023 and EGP 3.03 billion in 2022.
In ninth place, Emirates NBD Egypt reported 50.9% average growth rate, which increased to EGP 11.10 billion in 2024, up from EGP 7.26 billion in 2023 and EGP 4.29 billion in 2022.
Attijariwafa Bank Egypt secured the tenth spot, with an average growth rate of 48.8%, rising to EGP 6.34 billion in 2024, compared to EGP 4.25 billion in 2023 and EGP 2.62 billion in 2022.
fastest foreign banks in terms of net interest income in 3 years
| # | Bank Name | Net interest income by 2024-End | Net interest income by 2023-End | Net interest income by 2022-End | Average Growth Rate |
|---|---|---|---|---|---|
| 1 |
Arab Banking Corporation- ABC |
4.49 bn | 3.52 bn | 0.61 bn | 174.14 % |
| 2 |
First Abu Dhabi Bank Egypt-FAB |
31.99 bn | 15.97 bn | 5.68 bn | 118.32 % |
| 3 |
HSBC |
31.66 bn | 20.15 bn | 8.65 bn | 75.53 % |
| 4 |
Abu Dhabi Commercial Bank Egypt- ADCB |
8.65 bn | 4.58 bn | 2.89 bn | 70.7 % |
| 5 |
Abu Dhabi Islamic Bank-ADIB Egypt |
14.98 bn | 8.79 bn | 4.73 bn | 64.6 % |
| 6 |
NBK Egypt |
11.6 bn | 6.99 bn | 3.83 bn | 62.21 % |
| 7 |
Credit Agricole Egypt |
11.04 bn | 7.43 bn | 3.8 bn | 58.13 % |
| 8 |
Al Ahli united bank Egypt |
7.55 bn | 4.96 bn | 3.03 bn | 54.23 % |
| 9 |
Emirates NBD Egypt |
11.1 bn | 7.26 bn | 4.29 bn | 50.89 % |
| 10 |
Attijariwafa Bank Egypt |
6.34 bn | 4.25 bn | 2.62 bn | 48.81 % |
| 11 |
Al Ahli Bank of Kuwait Egypt -ABK Egypt |
6.5 bn | 4.09 bn | 2.75 bn | 45.6 % |
| 12 |
Qatar National Bank-QNB  |
40.41 bn | 30.38 bn | 19.58 bn | 39.8 % |
| 13 |
alBaraka Bank Egypt |
5.98 bn | 4.37 bn | 3.44 bn | 29.63 % |
