NBE maintains its position as most performing bank on depositors’ confidence index at 9M-22

The National Bank of Egypt came first on the First Bank index of depositor confidence:

National Bank of Egypt has taken the lead among banks working in the Egyptian market after increasing its deposits portfolio by EGP 45.3 billion recording EGP 2.84 trillion by the end of September up from EGP 2.30 trillion by December 2021, according to First Bank depositor confidence index.

First Bank index, first Egyptian index provider, has measured the value of deposits portfolios for 22 banks working in the Egyptian market in accordance with their financial statements. The index showed that all the banks have succeeded in increasing their deposits.

Banque Misr ranked second on First Bank depositor confidence index:

Banque Misr was ranked in second place on the index as it has succeeded in increasing its deposits portfolio by EGP 336.4 billion pounds by the end of September to record EGP 1.57 trillion pounds up from EGP 1.23 trillion by the end of December 2021.

Commercial International Bank (CIB) ranked third with an increase in its deposits amounting to EGP 91.5 billion at the end of September to record EGP 497.6 billion compared to EGP 406 billion at the end of 2022, while QNB Al Ahli ranked fourth with a growth in its deposit portfolio by EGP 80.7 billion at the end of the same period.

The Arab African Bank came fifth on the First Bank index of depositor confidence after it managed to increase its deposits by EGP 39.4 billion, followed by Banque Du Caire in sixth place, with an increase of EGP37.6 billion by the end of the end of September 2022.

Abu Dhabi Commercial Bank – Egypt (ADCB) ranked seventh on the index after it succeeded in increasing its deposits portfolio by EGP 24.5 billion at the end of September 2022 to record EGP 65.6 billion at 9M-22 in comparison to EGP 41.1 billion at the end of December 2021.

However, Housing and Development Bank ranked eighth after it managed to double its deposits by 24.4 billion pounds in 9 months to record EGP 87.2 billion at September-22 in comparison to EGP 62.1 billion at the end of December 2021.

It was followed by the Ahli United Bank in the ninth place and ADIB Egypt in the tenth with an increase of EGP 6.6 billion and EGP 10 billion respectively by the end of the same period 2022.

The figures and values mentioned in the above analysis are in accordance with the independent financial statements announced by each bank at the end of the first half of 2022.