ADCB, Attijariwafa, and ADIB-Egypt: Fastest-Growing Foreign Banks in Deposit Growth in last 3 years
مركز تصنيف First Bank
ADCB topped the list of the fastest-growing foreign banks in Egypt in terms of Deposit over the past 3 years, with an average growth rate of 183.4%.
Attijariwafa came second with 176.6%, followed by ADIB-Egypt in third place with 164.2%. NBK-Egypt and ABK-Egypt secured the fourth and fifth spots with average growth rates of 157.6% and 150.4%, respectively.
According to First Bank's list of the fastest-growing foreign banks in Egypt based on deposit over the past 3 years (2022–2024), ADCB ranked first with an average growth of 183.4%, recording EGP 116.50 billion in 2024, up from EGP 41.11 billion in 2021
The ranking includes 11 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 deposit.
Notably, ABC and FABMISR achieve 536.3% and 236% as growth rate in last 3 years after underwenting acquisitions during this period, they were excluded to maintain the accuracy of comparison.
Attijariwafa came second with an average growth rate of 176.6%, reaching EGP 104.19 billion in 2024, up from EGP 37.67 billion in 2021.
ADIB-Egypt ranked third with an average growth rate of 164.2%, recording EGP 200.28 billion in 2024, compared to EGP 75.80 billion in 2021.
NBK-Egypt followed in fourth place with an average growth rate of 157.6%, as deposit rose to EGP 159.76 billion in 2024, from EGP 62.02 billion in 2021.
ABK-Egypt came fifth, averaging 150.4% growth, with deposit reaching EGP 119.89 billion in 2024, compared to EGP 47.89 million in 2021.
QNB-Egypt ranked sixth with an average deposit growth rate of 130.2% over the past three years, reaching EGP 681.86 billion in 2024, up from EGP 296.24 billion in 2021.
Kuwait Finance House-Egypt followed in seventh place, with an average growth rate of 118.7%, as deposit rose to EGP 117.09 billion in 2024, compared to EGP 53.54 billion in 2021.
HSBC came in eighth, recording a 98.4% growth rate, with reaching EGP 211.14 billion in 2024, versus EGP 106.45 billion in 2021.
In ninth place Credit Agricole-Egypt reported 98.1% average growth rate, which increased to EGP 95.53 billion in 2024, up from EGP 48.22 billion in 2021.
Emirates NDB–Egypt secured the tenth spot, with an average growth rate of 89.7%, rising to EGP 128.18 billion in 2024, compared to EGP 67.58 billion in 2021.
fastest foreign banks in terms of deposit in 3 years
| # | Bank Name | Deposit 2024-End | Deposit 2021-End | Growth Rate |
|---|---|---|---|---|
| 1 |
Abu Dhabi Commercial Bank Egypt- ADCB |
116.5 bn | 41.11 bn | 183.4 % |
| 2 |
Attijariwafa Bank Egypt |
104.19 bn | 37.67 bn | 176.55 % |
| 3 |
Abu Dhabi Islamic Bank-ADIB Egypt |
200.28 bn | 75.8 bn | 164.22 % |
| 4 |
NBK Egypt |
159.76 bn | 62.02 bn | 157.57 % |
| 5 |
Al Ahli Bank of Kuwait Egypt -ABK Egypt |
119.89 bn | 47.89 bn | 150.37 % |
| 6 |
Qatar National Bank-QNB  |
681.86 bn | 296.24 bn | 130.17 % |
| 7 |
Al Ahli united bank Egypt |
117.09 bn | 53.54 bn | 118.71 % |
| 8 |
HSBC |
211.14 bn | 106.45 bn | 98.35 % |
| 9 |
Credit Agricole Egypt |
95.53 bn | 48.22 bn | 98.12 % |
| 10 |
Emirates NBD Egypt |
128.18 bn | 67.58 bn | 89.67 % |
| 11 |
alBaraka Bank Egypt |
106.57 bn | 72.57 bn | 46.86 % |
