Emirates NBD Egypt climbs 5 places into top 10 for asset-to-deposit coverage
Aya Elsayed
Emirates NBD Egypt climbs from 14th to 9th in three months as asset-to-deposit coverage rises to 128.94%
Assets rise by EGP 10.15bn in Q2 2026, while deposits grow by EGP 7.35bn
Emirates NBD Egypt ranks third among foreign banks covered by the ranking
Emirates NBD Egypt entered the top 10 banks by asset-to-deposit coverage ratio at end-June 2026, climbing five places during the second quarter, supported by asset growth that outpaced the expansion in customer deposits.
The bank advanced from 14th at end-March to ninth at end-June in First Bank’s rankings, marking a notable improvement in its competitive standing within Egypt’s banking sector.
The improvement coincided with an increase in the asset-to-deposit coverage ratio to 128.94 per cent at end-June 2026, from 128.58 per cent at end-March, a rise of 0.36 percentage points over three months.
The advance is particularly significant given the narrow differences in coverage ratios among several leading banks. Emirates NBD Egypt improved its relative standing despite only a modest increase in the ratio.
The asset-to-deposit coverage ratio is an indicator of financial soundness, measuring the extent to which a bank’s assets cover its customer deposits.
Asset growth outpaces deposit expansion
The improvement in Emirates NBD Egypt’s asset-to-deposit coverage ratio came alongside continued balance-sheet expansion in Q2 2026.
Total assets rose approximately 4.3 per cent to EGP 247.63bn at end-June, from EGP 237.47bn at end-March.
The bank consequently added around EGP 10.15bn to its asset base over the three-month period.
Customer deposits, meanwhile, increased approximately 4 per cent to EGP 192.04bn at end-June 2026, from EGP 184.69bn at end-March, an increase of around EGP 7.35bn.
With assets growing faster than deposits, the gap between the two widened to approximately EGP 55.58bn at end-June, from EGP 52.78bn at end-March, an increase of around EGP 2.80bn.
The development indicates a higher proportion of assets relative to the customer deposit base, reflecting a modest shift in the bank’s balance-sheet structure during the second quarter.
Narrow gaps reshape competitive rankings
Despite an increase of just 0.36 percentage points in its asset-to-deposit coverage ratio during Q2 2026, Emirates NBD Egypt advanced five places between the two rankings.
The bank secured ninth place at end-June with a coverage ratio of 128.94 per cent, ahead of 10th-ranked Suez Canal Bank, which recorded 128.48 per cent, a difference of 0.46 percentage points.
It also moved closer to Commercial International Bank – Egypt (CIB), which ranked eighth with a coverage ratio of 129.02 per cent, leaving a gap of just 0.08 percentage points between the two institutions.
The narrow differences highlight how sensitive ranking positions are to relatively small movements in coverage ratios, with gaps of less than one percentage point potentially influencing banks’ competitive standing.
Emirates NBD Egypt’s advance also coincided with declining coverage ratios at several banks that had ranked ahead of it in March, contributing to the reshuffle in positions at end-June.
Third among foreign banks
Among banks affiliated with foreign banking groups operating in Egypt, Emirates NBD Egypt ranked third in First Bank’s June 2026 asset-to-deposit coverage ranking.
It followed First Abu Dhabi Bank Misr (FABMISR), which ranked third overall with a coverage ratio of 140.70 per cent, and National Bank of Kuwait – Egypt (NBK-Egypt), which placed sixth overall at 131.36 per cent.
Emirates NBD Egypt consequently became one of three banks affiliated with foreign banking groups to feature among the top 10 by asset-to-deposit coverage ratio at end-June 2026.
The bank’s rise from 14th to ninth represents a notable improvement in its relative competitive position, although the increase in the coverage ratio itself remained limited.
The significance of this performance lies in the bank’s entry into the top 10 alongside continued growth in both assets and deposits, against a backdrop of exceptionally narrow coverage gaps among several competing institutions.
These small differences also indicate that maintaining its newly secured position will depend on the pace of asset and deposit growth relative to other banks, making changes in its balance-sheet structure an important measure of its competitive performance in the coming periods.
