AAIB, EBank, and ADCB-Egypt Lead Banks in Financial Investments Growth Over the Past 3 Years
AAIB Tops the List of the Fastest-Growing Banks in Financial Investments Over the Past 3 Years, with EBank in Second Place
Private Sector Strengthens Its Dominance: 7 Private Banks Among the Top 10 Fastest-Growing Banks, Versus 3 Public Banks
National Bank of Egypt Remains in the Lead, Recording the Largest Absolute Increase in Portfolio Value Over the Past 3 Years
Foreign Banking Groups Secure 4 Positions Among the Top 10 Fastest-Growing Banks
The First Bank list of the fastest-growing banks in financial investments over the past three years revealed that the Arab African International Bank «AAIB» topped the ranking, posting a compound annual growth rate (CAGR) of 61.6%, with its financial investments portfolio reaching EGP 301.81 billion at the end of 2024, compared with EGP 71.48 billion at the end of 2021.
The Export Development Bank of Egypt «EBank» ranked second, achieving a growth rate of 32.1% over the past three years, followed by Abu Dhabi Commercial Bank-Egypt «ADCB» in third place with a growth rate of 31.7% over the same period.
The ranking covered 26 banks operating in the Egyptian banking sector for which financial data for the past three years were available. It is worth noting that FABMISR and ABC recorded growth rates of 93.9% and 87.8%, respectively, over the past three years due to acquisition-related transactions, and were therefore excluded from the ranking to ensure comparability.
The ranking confirmed the outperformance of private-sector banks, which accounted for 7 positions among the top 10 fastest-growing banks in financial investments over the past three years, compared with 3 positions for public-sector banks.
The private banks included in the top 10 fastest-growing list were: Arab African International Bank, Abu Dhabi Commercial Bank-Egypt, Arab International Banking Company «AIB», Attijariwafa Bank, HSBC, Al Baraka Bank, and saib.
The three public banks were EBank, Housing and Development Bank, and the National Bank of Egypt «NBE».
At the level of Islamic banks, Al Baraka Bank was the only bank in this category to feature among the top 10 fastest-growing banks, with its financial investments’ portfolio recording a CAGR of 26.6% over the past three years, reaching EGP 41.50 billion at the end of 2024, compared with EGP 20.46 billion at the end of 2021.
The data also showed solid performance by foreign banks operating in Egypt, which captured 40% of the positions among the fastest-growing banks in financial investments over the past three years, namely: Abu Dhabi Commercial Bank-Egypt, Attijariwafa Bank, HSBC, and Al Baraka Bank.
On the other hand, the National Bank of Egypt recorded the largest absolute increase in financial investments during the period under review, as its portfolio rose to EGP 2.73 trillion at the end of 2024, compared with EGP 1.35 trillion at the end of 2021, representing a growth rate of 26.4% and a total increase of EGP 1.38 trillion.
In contrast, three banks recorded a notable decline in their financial investments’ portfolios over the past three years: Banque du Caire, Emirates NBD-Egypt, and ABK-Egypt.
