ADCB Egypt, First Abu Dhabi Bank and HD Bank are the fastest growing banks in terms of total assets

5/1/2023 12:06:00 PM

FirstBank list of the fastest growing banks in total assets during the past year revealed that Abu Dhabi Commercial Bank – Egypt topped the list with a growth rate of 78.20%, after it succeeded in increasing its total portfolio to EGP86.17 bn at the end of December 2022, compared to EGP48.36 bn at the end of December 2021.

First Bank list monitored the total financial position "Assets" of 20 banks operating in the Egyptian banking sector for whom financial statements were available for the analysis period, and revealed that all banks achieved positive growth rates in their total asset portfolios during the past year 2022.

First Abu Dhabi Bank took second place, by total asset portfolio of 55% over the past year, to record EGP 206.45 bn at the end of December 2022, compared to EGP 133.19 bn at the end of December 2021.

HD Bank ranked third on the list, with a growth rate of 35.86% over the past year, after moving its total portfolio of assets from EGP 76.28 bn at the end of December 2021, to jump to EGP103.63 bn at the end of December 2022, followed by National Bank of Kuwait - Egypt, with a growth rate of 35.67% during same period.

QNB Al Ahli came in fifth place, with a growth rate of 34.61% over the past year, after its total assets portfolio recorded about EGP476.80 bn at the end of December 2022, compared to EGP354.20 bn at the end of December 2021.

December 2021, followed by Ahli United Bank and Attijariwafa Bank. with growth rates of 33.04% and 32.58%, respectively, during the same period.

As for ninth place, Suez Canal Bank got it, with a growth rate of 30.01% over the past year, after the bank’s total asset portfolio increased to EGP74.67 bn at the end of December 2022, compared to EGP57.43 bn at the end of December 2021, followed by Abu Dhabi Islamic Bank - Egypt in tenth place with a growth rate. 29.14%% during the same period.

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.

top fastest growing banks in Total assets at 2022

#	Bank Name	Value at-Dec -end-2022	Value at-Dec -end-2021	Growth rate %
1	Abu Dhabi Commercial Bank Egypt- ADCB	86.17 Billion pounds	48.356 Billion pounds	78.2 %
2	First Abu Dhabi Bank Egypt-FAB	206.45 Billion pounds	133.19 Billion pounds	55 %
3	Housing and Development Bank-HDB	103.632 Billion pounds	76.278 Billion pounds	35.86 %
4	NBK Egypt	105.136 Billion pounds	77.493 Billion pounds	35.67 %
5	Qatar National Bank-QNB Al Ahli	476.792 Billion pounds	354.195 Billion pounds	34.61 %
6	Al Ahli Bank of Kuwait Egypt -ABK Egypt	75.603 Billion pounds	56.75 Billion pounds	33.22 %
7	Al Ahli united bank Egypt	85.492 Billion pounds	64.26 Billion pounds	33.04 %
8	Attijariwafa Bank Egypt	61.713 Billion pounds	46.546 Billion pounds	32.58 %
9	Suez Canal Bank	74.667 Billion pounds	57.431 Billion pounds	30.01 %
10	Abu Dhabi Islamic Bank-ADIB Egypt	115.517 Billion pounds	89.45 Billion pounds	29.14 %
11	Commercial International Bank-CIB	633.643 Billion pounds	496.651 Billion pounds	27.58 %
12	Export Development Bank of Egypt-EBank	96.724 Billion pounds	76.202 Billion pounds	26.93 %
13	Banque Du Caire-BDC	321.587 Billion pounds	255.136 Billion pounds	26.05 %
14	Credit Agricole Egypt	75.112 Billion pounds	60.178 Billion pounds	24.82 %
15	Emirates NBD Egypt	100.938 Billion pounds	82.577 Billion pounds	22.23 %
16	SAIB BANK	86.077 Billion pounds	71.356 Billion pounds	20.63 %
17	Bank of Alexandria-Alex Bank	133.058 Billion pounds	114.9 Billion pounds	15.8 %
18	Faisal Islamic Bank of Egypt	151.637 Billion pounds	130.982 Billion pounds	15.77 %
19	EGBANK	86.735 Billion pounds	80.212 Billion pounds	8.13 %
20	alBaraka Bank Egypt	87.225 Billion pounds	82.368 Billion pounds	5.9 %