«QNB-Egypt», «FABMISR» and «KFH-Egypt» Lead Foreign Banks in Expanding Syndicated Loan Portfolios Over the Last 3 Years

QNB-Egypt topped the list of foreign banks with the largest expansion in syndicated loan portfolios, recording an increase of EGP 18.81 billion.

FABMISR ranked second with EGP 9.57 billion, while Kuwait Finance House – Egypt «KFH-Egypt» secured third place with an increase of EGP 5.74 billion.

Meanwhile, ADIB-Egypt and Al Baraka claimed the fourth and fifth spots, with increases of EGP 4.63 billion and EGP 4.31 billion, respectively.

First Bank’s index of foreign banks operating in the Egyptian banking sector revealed that Qatar National Bank – Egypt «QNB-Egypt» led the ranking, with its syndicated loan portfolio rising to EGP 34.78 billion by year-end 2024, compared to EGP 15.97 billion at the end of 2021—an increase of EGP 18.81 billion.

The index tracked increases in syndicated loan portfolios across 11 foreign banks in Egypt, based on financial data available for the past three years (2021–2024). Results showed that all banks under review achieved notable expansions in their syndicated loan portfolios during this period. It is worth noting that both ABC and FABMISR underwent acquisitions during this time, which impacted the magnitude of their increases.

Returning to the ranking, First Abu Dhabi Bank – Egypt «FABMISR» secured second place with an increase of EGP 9.57 billion, bringing its syndicated loans to EGP 12.68 billion by the end of 2024, up from EGP 3.11 billion in 2021.

Kuwait Finance House – Egypt «KFH-Egypt» ranked third, with an increase of EGP 5.74 billion, as its syndicated loan portfolio reached EGP 10.85 billion by year-end 2024, compared to EGP 5.10 billion in 2021.

Abu Dhabi Commercial Bank – Egypt «ADCB» came fourth, adding EGP 4.63 billion over the past three years, with its syndicated loans rising to EGP 6.40 billion in 2024, up from EGP 1.77 billion in 2021.

Finally, Al Baraka Bank secured fifth place, as its syndicated loan portfolio expanded by EGP 4.31 billion, reaching EGP 7.38 billion by the end of 2024, compared to EGP 3.07 billion in 2021.

It is worth noting that all values and growth rates mentioned in the above analysis are in accordance with the independent financial statements announced for each bank.