aiBANK, ADCB-Egypt , Attijari Wafa and HDBank, are fastest growing banks in Corporate deposits

2/13/2023 4:59:00 PM

First Bank list of the fastest banks in corporates deposits at the end of last September, revealed that the Arab Investment Bank topped the list with a growth rate of 119.34%, corporates deposits recorded EGP 32.9 billion by the end of September 2022, compared to EGP 14.9 billion at the end of September 2022. December 2021.

The list revealed that 20 of the banks under analysis achieved positive growth rates in their corporates deposits, while one bank recorded a decline rate in its corporates deposit portfolio.

Abu Dhabi Commercial Bank-Egypt took second place with of 76.69%, after its total portfolio reached 54.2 billion pounds at the end of September 2022, compared to 30.7 billion at the end of December 2021, followed by Attijariwafa bank with 49.53% during the first 9 months of 2022.

The Housing and Development Bank ranked fourth, after its portfolio increased by 47.40%, to record 59.6 billion pounds at the end of September 2022, compared to 40.5 billion at the end of December 2021.

Banque du Caire ranked fifth with 45.68%, after its total corporates deposit portfolio recorded EGP 111.2 billion at the end of September 2022, compared to EGP 76.3 billion at the end of December 2021, followed by QNB Al Ahli in sixth place, with 42.32% during the same period.

CIB came in seventh place with 41.55% during the first 9 months of last year, after its corporates deposits increased to 254.6 billion pounds at the end of September 2022, compared to 179.9 billion at the end of December 2021,

followed by Alex Bank with 34.55% during the same period

Faisal Islamic Bank of Egypt ranked ninth with 33.71%, after its total portfolio recorded 3.93 billion pounds at the end of September 2022, compared to 2.94 billion at the end of December 2021, followed by Abu Dhabi Islamic Bank Egypt, with 33.40% during the first 9 months of 2022.

It should be noted that all values and growth rates mentioned in the above analysis are according to the separated financial statements announced for each bank at the end of September 2022

fastest growing banks in corporate deposits At 9M-2022

#	Bank Name	Value at September-end 2022	Value at December-end 2021	Growth rate
1	BANK NXT	32.871 Billion Pounds	14.986 Billion Pounds	119.34 %
2	Abu Dhabi Commercial Bank Egypt- ADCB	54.247 Billion Pounds	30.701 Billion Pounds	76.69 %
3	Attijariwafa Bank Egypt	25.604 Billion Pounds	17.123 Billion Pounds	49.53 %
4	Housing and Development Bank-HDB	59.641 Billion Pounds	40.462 Billion Pounds	47.4 %
5	Banque Du Caire-BDC	111.195 Billion Pounds	76.329 Billion Pounds	45.68 %
6	Qatar National Bank-QNB	243.531 Billion Pounds	171.114 Billion Pounds	42.32 %
7	Commercial International Bank-CIB	254.596 Billion Pounds	179.86 Billion Pounds	41.55 %
8	Bank of Alexandria-Alex Bank	21.85 Billion Pounds	16.239 Billion Pounds	34.55 %
9	Faisal Islamic Bank of Egypt	3.931 Billion Pounds	2.94 Billion Pounds	33.71 %
10	Abu Dhabi Islamic Bank-ADIB Egypt	37.993 Billion Pounds	28.48 Billion Pounds	33.4 %
11	Al Ahli united bank Egypt	52.98 Billion Pounds	40.466 Billion Pounds	30.92 %
12	arab african international bank	133.899 Billion Pounds	103.693 Billion Pounds	29.13 %
13	SAIB BANK	49.893 Billion Pounds	39.606 Billion Pounds	25.97 %
14	Al Ahli Bank of Kuwait Egypt -ABK Egypt	41.442 Billion Pounds	33.553 Billion Pounds	23.51 %
15	Credit Agricole Egypt	30.449 Billion Pounds	24.897 Billion Pounds	22.3 %
16	EGBANK	55.644 Billion Pounds	46.128 Billion Pounds	20.63 %
17	Emirates NBD Egypt	52.087 Billion Pounds	44.15 Billion Pounds	17.98 %
18	Suez Canal Bank	45.548 Billion Pounds	39.38 Billion Pounds	15.66 %
19	National Bank of Egypt-NBE	607.919 Billion Pounds	539.751 Billion Pounds	12.63 %
20	Export Development Bank of Egypt-EBank	56.98 Billion Pounds	51.582 Billion Pounds	10.46 %
21	alBaraka Bank Egypt	36.883 Billion Pounds	37.528 Billion Pounds	-1.72 %