aiBANK, E-Bank, AAIB, ADCB-Egypt, HDB are fastest growing banks in net interest income at 9M-22

2/11/2023 3:00:00 PM

The “First Bank” list of the fastest growing banks in terms of net interest income during the first 9 months of last year revealed that the Arab Investment Bank-aiBank topped the list, after its net interest income increased by 62.90%, to record 1.282 billion pounds at 9M-22, compared to 787 million pounds during the same period from 2021.

The list revealed that 20 of the banks under analysis achieved positive growth rates in their net interest income portfolio, while one bank recorded a decline during the first 9 months of last year.

Furthermore, The Export Development Bank of Egypt occupied the second place with a growth rate of 53.96%, to record 2.080 billion pounds during the first 9 months of last year, compared to 1.351 billion during the first 9 months of 2021.

The Arab African International Bank-AAIB came in third place, after its net interest income increased by 49.25%, to record 5.843 billion pounds during the first 9 months of 2022, compared to 3.915 billion during the same period in 2021.

Abu Dhabi Commercial Bank -ADCB Egypt ranked fourth. Thus, it jumped by 47.56%, to record 1.877 billion pounds during the first 9 months of 2022, compared to 1.272 billion during the first 9 months of the previous year.

As for the fifth place, the Housing and Development Bank (HDB) achieved a growth rate of 39.05%, to record 3.408 billion pounds during the first 9 months of 2022, compared to 2.451 billion during the same period of 2021.

Ahli United Bank came sixth, with a growth rate of 38.90%, to record 2.103 billion pounds during the first 9 months of 2022, compared to 1.514 billion during the same period of 2021, followed by Banque Misr with a growth rate of 34.26% during the same period.

Abu Dhabi Islamic Bank Egypt-ADIB Egypt came in eighth place, with a growth rate of 33.58%, to record 3.377 billion pounds during the first 9 months of 2022, compared to 2.528 billion during the first 9 months of 2021, followed by «saib» and «Emirates NBD-Egypt», with growth rates of 31.35% and 27.66% during the same period.

The growth of net interest income at Egyptian banks in 9M

#	Bank Name	Value at 9M-22	Value at 9M-21	Growth rate %
1	BANK NXT	1.282 billion pounds	0.787 billion pounds	62.9 %
2	Export Development Bank of Egypt-EBank	2.08 billion pounds	1.351 billion pounds	53.96 %
3	arab african international bank	5.843 billion pounds	3.915 billion pounds	49.25 %
4	Abu Dhabi Commercial Bank Egypt- ADCB	1.877 billion pounds	1.272 billion pounds	47.56 %
5	Housing and Development Bank-HDB	3.408 billion pounds	2.451 billion pounds	39.05 %
6	Al Ahli united bank Egypt	2.103 billion pounds	1.514 billion pounds	38.9 %
7	Banque Misr	35.392 billion pounds	26.361 billion pounds	34.26 %
8	Abu Dhabi Islamic Bank-ADIB Egypt	3.377 billion pounds	2.528 billion pounds	33.58 %
9	SAIB BANK	2.07 billion pounds	1.576 billion pounds	31.35 %
10	Emirates NBD Egypt	3.06 billion pounds	2.397 billion pounds	27.66 %
11	Al Ahli Bank of Kuwait Egypt -ABK Egypt	1.964 billion pounds	1.552 billion pounds	26.55 %
12	Qatar National Bank-QNB	13.8 billion pounds	10.916 billion pounds	26.42 %
13	Attijariwafa Bank Egypt	1.827 billion pounds	1.447 billion pounds	26.26 %
14	Commercial International Bank-CIB	21.711 billion pounds	18.106 billion pounds	19.91 %
15	Credit Agricole Egypt	2.594 billion pounds	2.165 billion pounds	19.82 %
16	Banque Du Caire-BDC	9.173 billion pounds	7.732 billion pounds	18.64 %
17	alBaraka Bank Egypt	2.491 billion pounds	2.131 billion pounds	16.89 %
18	Suez Canal Bank	1.332 billion pounds	1.14 billion pounds	16.84 %
19	Bank of Alexandria-Alex Bank	5.098 billion pounds	4.638 billion pounds	9.92 %
20	EGBANK	2.163 billion pounds	2.055 billion pounds	5.26 %
21	Faisal Islamic Bank of Egypt	3.251 billion pounds	3.84 billion pounds	-15.34 %