ABK-Egypt, ADCB, and HSBC Fastest-Growing Foreign Banks in terms of Retail deposit in the last 3 years
ABK-Egypt topped the list of the fastest-growing foreign banks in Egypt by retail deposit over the past 3 years, with a growth rate of 136.8%.
ADCB came second with 121.3%, followed by HSBC in third place with 101.2%. Emirates NDB–Egypt and KFH secured the fourth and fifth spots with a growth rate of 96.7% and 95.5%, respectively.
According to First Bank's list of the fastest-growing foreign banks in Egypt based on retail deposit over the past 3 years (2022–2024), Al Ahli Bank of Kuwait-Egypt «ABK-Egypt» ranked first with a growth rate of 136.8%, recording EGP 33.93 billion in 2024, up from EGP 14.33 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 retail deposit.
Notably, ABC and FABMISR achieved 321.5% and 72.2% with a growth rate over the last 3 years after undergoing acquisitions during this period, they were excluded to maintain the accuracy of comparison.
Abu Dhabi Commercial Bank «ADCB» came second with a growth rate of 121.3%, reaching EGP 23.04 billion in 2024, up from EGP 10.41 billion in 2021.
HSBC ranked third with a growth rate of 101.2%, recording EGP 114.73 billion in 2024, compared to EGP 57.01 billion in 2021.
Emirates NDB–Egypt followed in fourth place with a growth rate of 96.7%, as retail deposit rose to EGP 46.10 billion in 2024, from EGP 23.43 billion in 2021.
Kuwait Finance House-Egypt came fifth, averaging 95.9% growth, with retail deposit reaching EGP 25.61 billion in 2024, compared to EGP 13.07 billion in 2021.
Qatar national Bank-Egypt «QNB-Egypt» ranked sixth with a retail deposit growth rate of 87.2% over the past three years, reaching EGP 234.29 billion in 2024, up from EGP 125.13 billion in 2021.
Adu Dhabi Islamic Bank-Egypt «ADIB-Egypt» followed in seventh place, with a growth rate of 83.4%, as retail deposit rose to EGP 86.80 billion in 2024, compared to EGP 47.32 billion in 2021.
AL Baraka came in eighth, recording a 78.9% growth rate, with retail deposit reaching EGP 62.69 billion in 2024, versus EGP 35.04 billion in 2021.
In ninth place National Bank of Kuwait-Egypt «NBK-Egypt» reported 78.5% growth rate, which retail deposit increasing to EGP 57.25 billion in 2024, up from EGP 36.87 billion in 2021.
Attijariwafa secured the tenth spot, with a growth rate of 64.8%, rising to EGP 33.87 billion in 2024, compared to EGP 20.55 billion in 2021.
evolution of Retail deposit of foreigh Banks in last 3 years
| # | Bank Name | Total deposit 2024-End | Total deposit 2021-End | Growth Rate |
|---|---|---|---|---|
| 1 |
Al Ahli Bank of Kuwait Egypt -ABK Egypt |
33.93 bn | 14.33 bn | 136.78 % |
| 2 |
Abu Dhabi Commercial Bank Egypt- ADCB |
23.04 bn | 10.41 bn | 121.31 % |
| 3 |
HSBC |
114.73 bn | 57.01 bn | 101.24 % |
| 4 |
Emirates NBD Egypt |
46.1 bn | 23.43 bn | 96.73 % |
| 5 |
Al Ahli united bank Egypt |
25.61 bn | 13.07 bn | 95.92 % |
| 6 |
Qatar National Bank-QNB  |
234.29 bn | 125.13 bn | 87.24 % |
| 7 |
Abu Dhabi Islamic Bank-ADIB Egypt |
86.8 bn | 47.32 bn | 83.43 % |
| 8 |
alBaraka Bank Egypt |
62.69 bn | 35.04 bn | 78.89 % |
| 9 |
NBK Egypt |
65.8 bn | 36.87 bn | 78.49 % |
| 10 |
Attijariwafa Bank Egypt |
33.87 bn | 20.55 bn | 64.81 % |
| 11 |
Credit Agricole Egypt |
31.43 bn | 23.32 bn | 34.78 % |
