FirstBank list of the fastest growing banks in total assets during the past year revealed that Abu Dhabi Comme

Abu Dhabi Commercial Bank,HD Bank,fastest growing banks,total assets,growth rate,separate financial statements

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

FirstBank

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