saibBank, EBank and HD Bank, Are Fastest Growing Listed Banks In Net Interest Income At 2022
First Bank list of fastest growing listed banks in terms of net interest income during 2022 revealed that saibBank topped the list, after its net interest income jumped by 69.77%, to record EGP3.53 bn during the past year, compared to EGP 2.08 bn during 2021.
Total net interest income of listed banks jumped by 26.35%, to record EGP83.22 bn in 2022, compared to EGP65.86 bn in 2021.
EBank came in second place, after raising its net interest income by 65.63%, to record EGP3.05 bn in 2022, compared to EGP 1.84 bn in 2021.
Housing and Development Bank came third at a rate of 50.14%, as it recorded net interest income of EGP4.91 bn in 2022, compared to EGP 3.27 bn in 2021.
Abu Dhabi Islamic Bank came in fourth place, after its net interest income jumped by 37.64%, to reach EGP4.73 bn in 2022, compared to EGP3.44 bn in 2021
As for fifth place, QNB Al Ahli's net interest income increased to EGP 19.58 bn in 2022, compared to EGP 14.92 bn in 2021, achieving a growth rate of 31.20%.
It should be noted that all values and growth rates mentioned above, are according to separate financial statements announced for each bank at the end of December 2022.
listed banks in net interest income At 2022
| # | Bank Name | During2022 | During 2021 | Growth Rate% |
|---|---|---|---|---|
| 1 |
SAIB BANK |
3.532 billion pounds | 2.081 billion pounds | 69.77 % |
| 2 |
Export Development Bank of Egypt-EBank |
3.046 billion pounds | 1.839 billion pounds | 65.63 % |
| 3 |
Housing and Development Bank-HDB |
4.908 billion pounds | 3.269 billion pounds | 50.14 % |
| 4 |
Abu Dhabi Islamic Bank-ADIB Egypt |
4.732 billion pounds | 3.438 billion pounds | 37.64 % |
| 5 |
Qatar National Bank-QNB  |
19.578 billion pounds | 14.922 billion pounds | 31.2 % |
| 6 |
Credit Agricole Egypt |
3.799 billion pounds | 2.918 billion pounds | 30.21 % |
| 7 |
alBaraka Bank Egypt |
3.435 billion pounds | 2.75 billion pounds | 24.92 % |
| 8 |
Suez Canal Bank |
1.89 billion pounds | 1.524 billion pounds | 24.01 % |
| 9 |
Commercial International Bank-CIB |
30.836 billion pounds | 24.888 billion pounds | 23.09 % |
| 10 |
EGBANK |
3.04 billion pounds | 2.754 billion pounds | 10.38 % |
| 11 |
Faisal Islamic Bank of Egypt |
4.424 billion pounds | 5.483 billion pounds | -19.32 % |
