QNB-Egypt, FABMISR, and NBK-Egypt Lead Foreign Banks in Expanding Their Loan Portfolios Over the Last 3 Years

QNB-Egypt Tops the List of Foreign Banks with a Loan Portfolio Expansion of EGP 180.50 billion; FABMISR Secures Second Place with EGP 119.69 billion

NBK-Egypt ranked third with an increase of EGP 62.82 billion, while ADIB-Egypt and KFH-Egypt claimed the fourth and fifth spots, with increases of EGP 55.01 billion and EGP 46.24 billion, respectively.

First Bank’s index of foreign banks operating in the Egyptian banking sector revealed that Qatar National Bank – Egypt «QNB-Egypt» topped the ranking of the biggest expansion in financing over the past three years, with its total loans rising by EGP 180.50 billion. The bank’s loans portfolio grew to EGP 365.29 billion by the end of 2024, compared to EGP 184.79 billion at the end of 2021.

The index tracked increases in the total loans portfolios of 13 foreign banks operating in the Egyptian market, for which financial data was available over the past three years (from year-end 2021 to year-end 2024).

Results showed that all banks under review recorded notable increases in their total loans during this period. It is worth noting that both ABC and FABMISR underwent acquisitions, which affected the magnitude of their growth.

Returning to the ranking, First Abu Dhabi Bank – Egypt «FABMISR» secured second place, with its loans growing by EGP 119.69 billion over the past three years, reaching EGP 148.90 billion at the end of 2024, compared to EGP 29.21 billion at the end of 2021.

National Bank of Kuwait – Egypt «NBK-Egypt» came third, with a loans increase of EGP 62.82 billion, bringing its portfolio to EGP 104.21 billion at the end of 2024, up from EGP 41.40 billion at the end of 2021.

Abu Dhabi Islamic Bank – Egypt «ADIB-Egypt» ranked fourth, as its loans portfolio rose by EGP 55.01 billion to EGP 102.74 billion by year-end 2024, compared to EGP 47.73 billion in 2021.

Finally, Kuwait Finance House – Egypt «KFH-Egypt» claimed the fifth spot with an increase of EGP 46.24 billion, with total loans reaching EGP 84.99 billion by the end of 2024, compared to EGP 38.75 billion in 2021.

All figures and ratios cited in this analysis are based on the independently published financial statements of each bank.