alBaraka Bank, SC Bank, Faisal Bank, and NBE, Top the fastest growing banks in retail loans

4/27/2023 12:43:00 PM

First Bank list of the fastest growing banks in retail loans during the year 2022 revealed that alBaraka Bank – Egypt topped the list with a growth rate of 74.44%, after the total portfolio recorded EGP 4.3 bn at the end of December 2022, compared to EGP2.5 bn at the end of December 2021.

Suez Canal Bank occupied second place with a growth rate of 54.11% over the past year, bringing its total portfolio of individual loans to EGP 2.8 bn at the end of December 2022, compared to EGP 1.8 bn at the end of December 2021.

Faisal Islamic Bank of Egypt came in third place, after total retail loans increased by a growth rate of 50.6% over the past year, to record EGP 2.5 bn at the end of December 2022, compared to EGP1.7 bn at the end of December 2021.

National Bank of Egypt came in fourth place after the bank’s total portfolio increased by a growth rate of 44.65% over the past year, after recording EGP230 bn at the end of December 2022, compared to EGP159 bn at the end of December 2021, followed by E Bank in Fifth place with a growth rate of 41.85% during the same period.

Al Ahli Bank of Kuwait – Egypt ranked sixth, with a growth rate of 33.03% over the past year, after its total portfolio recorded EGP 12.2 bn at the end of December 2022, compared to EGP 9.2 bn at the end of December 2021.

Housing and Development Bank ranked seventh after its total portfolio increased by a growth rate of 31.97% over the past year, to record EGP 21.2 bn at the end of December 2022, compared to EGP 16.1 bn at the end of December 2021.

CIB came in eighth place, with a growth rate of 29.77% over the past year, bringing the bank’s total portfolio to EGP 53.3 bn at the end of December 2022, compared to EGP 41.1 bn at the end of December 2021, followed by Attijariwafa bank in ninth place with a growth rate of 28.12%. during the same period.

QNB Al Ahli came in tenth place with a growth rate of 24.58% over the past year, after its total portfolio recorded EGP 45.2 bn at the end of December 2022, compared to EGP36.3 bn at the end of December 2021.

It should be noted that all the values and growth rates mentioned above are according to separate financial statements announced for the banks at the end of December 2022.

the fastest growing banks in terms of individual loans

#	Bank Name	Value at -end-2022	value at-end-2021	Growth Rate %
1	alBaraka Bank Egypt	4.326 Billion pounds	2.48 Billion pounds	74.44 %
2	Suez Canal Bank	2.757 Billion pounds	1.789 Billion pounds	54.11 %
3	Faisal Islamic Bank of Egypt	2.509 Billion pounds	1.666 Billion pounds	50.6 %
4	National Bank of Egypt-NBE	2.3 trillion pounds	1.59 trillion pounds	44.65 %
5	Export Development Bank of Egypt-EBank	4.535 Billion pounds	3.197 Billion pounds	41.85 %
6	Al Ahli Bank of Kuwait Egypt -ABK Egypt	12.228 Billion pounds	9.192 Billion pounds	33.03 %
7	Housing and Development Bank-HDB	21.194 Billion pounds	16.06 Billion pounds	31.97 %
8	Commercial International Bank-CIB	53.287 Billion pounds	41.063 Billion pounds	29.77 %
9	Attijariwafa Bank Egypt	7.212 Billion pounds	5.629 Billion pounds	28.12 %
10	Qatar National Bank-QNB	45.227 Billion pounds	36.304 Billion pounds	24.58 %
11	Al Ahli united bank Egypt	3.105 Billion pounds	2.517 Billion pounds	23.36 %
12	Banque Du Caire-BDC	54.238 Billion pounds	44.086 Billion pounds	23.03 %
13	NBK Egypt	10.812 Billion pounds	8.828 Billion pounds	22.47 %
14	SAIB BANK	10.918 Billion pounds	9.271 Billion pounds	17.77 %
15	Abu Dhabi Islamic Bank-ADIB Egypt	14.391 Billion pounds	13.047 Billion pounds	10.3 %
16	Bank of Alexandria-Alex Bank	28.41 Billion pounds	25.941 Billion pounds	9.52 %
17	Abu Dhabi Commercial Bank Egypt- ADCB	7.942 Billion pounds	7.385 Billion pounds	7.54 %
18	EGBANK	8.541 Billion pounds	8.205 Billion pounds	4.1 %
19	Credit Agricole Egypt	9.899 Billion pounds	9.594 Billion pounds	3.18 %