First Bank list of the fastest growing banks in direct loans during the past year revealed that Arab Investmen

Suez Canal Bank,HD Bank,growth rate,Direct Loans,total direct loans

aiBank, Suez Canal Bank, ADCB Egypt, CIB and HD Bank, are fastest growing banks in direct loans

FirstBank

First Bank list of the fastest growing banks in direct loans during the past year revealed that Arab Investment Bank topped the list, with a growth rate of 124.73% over the past year, after it recorded EGP 11.8 bn at the end of December 2022, compared to EGP 5.2 bn at the end of December 2021.

The list, which included 18 banks operating in the Egyptian banking sector, revealed that all the banks under analysis achieved positive growth rates in their total direct loan portfolios during the past year.

Suez Canal Bank came second, with a growth rate of 70.28%, after its total portfolio jumped to record EGP 6.7 bn at the end of December 2022, compared to EGP3.9 bn at the end of December 2021.

Abu Dhabi Commercial Bank – Egypt occupied third place with a growth rate of 69.80% over the past year, to record its total portfolio EGP 13.9 bn at the end of December 2022, compared to EGP 8.2 bn at the end of December 2021.

Commercial International Bank – Egypt came forth, with a growth rate of 56.82% over the past year, bringing the bank’s total direct loans to more than EGP 78 bn at the end of December 2022, compared to EGP49.8 bn at the end of December 2021.

Housing and Development Bank ranked fifth after its total direct loans jumped at a growth rate of 44.10% over the past year, to record EGP 6.1 bn at the end of December 2022, compared to EGP 4.2 bn at the end of December 2021, followed by Ahli United Bank with a growth rate of 42.15% during the same period.

alBaraka Bank - Egypt came in seventh place, with a growth rate of 39.12% over the past year, after its direct loan portfolio increased to EGP25.9 bn at the end of December 2022, compared to EGP 18.6 bn at the end of December 2021.

National Bank of Kuwait – Egypt ranked eighth, with a growth rate of 35.40% over the past year, after its direct loan portfolio recorded EGP39.5 bn at the end of December 2022, compared to EGP 29.1 bn at the end of December 2021, followed by ADIB Egypt and Credit Agricole bank, with growth rates of 32.73%. and 30.28%, respectively, during the same period.

Al Ahli Bank of Kuwait – Egypt ranked eleventh, with a growth rate of 27.3% over the past year, after its direct loan portfolio increased to EGP 14.2 bn at the end of December 2022, compared to EGP 11.2 bn at the end of December 2021.

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.

fastest growing banks in Direct loans At 2022

# Bank Name Value At2022 Value At2021 Growth rate %
1 BANK NXT
BANK NXT
11.751 Billion pounds 5.229 Billion pounds 124.73 %
2 Suez Canal Bank
Suez Canal Bank
6.692 Billion pounds 3.93 Billion pounds 70.28 %
3 Abu Dhabi Commercial Bank Egypt- ADCB
Abu Dhabi Commercial Bank Egypt- ADCB
13.934 Billion pounds 8.206 Billion pounds 69.8 %
4 Commercial International Bank-CIB
Commercial International Bank-CIB
78.03 Billion pounds 49.757 Billion pounds 56.82 %
5 Housing and Development Bank-HDB
Housing and Development Bank-HDB
6.123 Billion pounds 4.249 Billion pounds 44.1 %
6 Al Ahli united bank Egypt
Al Ahli united bank Egypt
39.277 Billion pounds 27.631 Billion pounds 42.15 %
7 alBaraka Bank Egypt
alBaraka Bank Egypt
25.937 Billion pounds 18.643 Billion pounds 39.12 %
8 NBK Egypt
NBK Egypt
39.461 Billion pounds 29.143 Billion pounds 35.4 %
9 Abu Dhabi Islamic Bank-ADIB Egypt
Abu Dhabi Islamic Bank-ADIB Egypt
36.804 Billion pounds 27.729 Billion pounds 32.73 %
10 Credit Agricole Egypt
Credit Agricole Egypt
15.54 Billion pounds 11.928 Billion pounds 30.28 %
11 Al Ahli Bank of Kuwait Egypt -ABK Egypt
Al Ahli Bank of Kuwait Egypt -ABK Egypt
14.241 Billion pounds 11.187 Billion pounds 27.3 %
12 Attijariwafa Bank Egypt
Attijariwafa Bank Egypt
3.655 Billion pounds 2.898 Billion pounds 26.12 %
13 Qatar National Bank-QNB
Qatar National Bank-QNB
69.866 Billion pounds 57.324 Billion pounds 21.88 %
14 SAIB BANK
SAIB BANK
6.991 Billion pounds 6.061 Billion pounds 15.34 %
15 Export Development Bank of Egypt-EBank
Export Development Bank of Egypt-EBank
9.034 Billion pounds 8.026 Billion pounds 12.56 %
16 Banque Du Caire-BDC
Banque Du Caire-BDC
17.15 Billion pounds 15.868 Billion pounds 8.08 %
17 EGBANK
EGBANK
8.495 Billion pounds 8.066 Billion pounds 5.32 %
18 Bank of Alexandria-Alex Bank
Bank of Alexandria-Alex Bank
18.688 Billion pounds 17.819 Billion pounds 4.88 %