saib, E Bank, ADCB Egypt, aiBANK, and HD Bank, are fastest growing banks in terms of net interest income
First Bank list of the fastest growing banks in terms of net interest income for the past year, revealed that saib topped with 69.73%, to record EGP3.5 bn in 2022, compared to EGP2.1 bn during 2021.
The list, which included 20 banks operating in the Egyptian commercial sector, revealed that 19 of the analyzed banks achieved growth rates in net interest income, while a bank recorded a decline rate in 2022.
Export Development Bank ranked second with a growth rate of 65.63%, recording a net interest income of EGP 3.05 bn in 2022, compared to EGP 1.8 bn in 2021.
Abu Dhabi Commercial Bank - Egypt ranked third, after its net income increased by a growth rate of 64.68%, to record EGP 2.9 bn in 2022, compared to EGP 1.8 bn in 2021.
Arab Investment Bank came in fourth place, after its net interest income jumped at a growth rate of 60.92%, to record EGP1.8 bn in 2022, compared to EGP 1.1 bn in 2021.
As for fifth place, Housing and Development Bank came after it achieved a big jump in its net interest income at a rate of 50.14%, to record EGP4.9 bn in 2022, compared to EGP3.3 bn in 2021, followed by Ahli United Bank with a growth rate of 46.89% during the same period.
National Bank of Kuwait - Egypt came in seventh place, with a growth rate of 38.23%, recording a net interest income of EGP 3.8 bn during 2022, compared to EGP 2.8 bn during the previous year.
Abu Dhabi Islamic Bank - Egypt ranked eighth, with a growth rate of 37.64%, after its net income increased to record EGP 4.7 bn in 2022, compared to EGP 3.4 bn in 2021, followed by Attijariwafa Bank in ninth place, with a growth rate of 35.08% during the same period.
Qatar National Bank Al Ahli came in tenth place with a growth rate of 31.20%, as its net interest income increased to record EGP19.6 bn in 2022, compared to EGP14.9 bn in 2021.
It should be noted that all values and growth rates mentioned above, are according to seoarate financial statements announced for each bank at the end of December 2022.
fastest growing banks in terms of net interest income
| # | Bank Name | Value at 2022 | Value At 2021 | Growth rate % |
|---|---|---|---|---|
| 1 |
SAIB BANK |
3.532 Billion pounds | 2.081 Billion pounds | 69.73 % |
| 2 |
Export Development Bank of Egypt-EBank |
3.046 Billion pounds | 1.839 Billion pounds | 65.63 % |
| 3 |
Abu Dhabi Commercial Bank Egypt- ADCB |
2.887 Billion pounds | 1.753 Billion pounds | 64.68 % |
| 4 |
Arab Investment Bank- aiBANK |
1.791 Billion pounds | 1.113 Billion pounds | 60.92 % |
| 5 |
Housing and Development Bank-HDB |
4.908 Billion pounds | 3.269 Billion pounds | 50.14 % |
| 6 |
Al Ahli united bank Egypt |
3.031 Billion pounds | 2.064 Billion pounds | 46.89 % |
| 7 |
NBK Egypt |
3.83 Billion pounds | 2.771 Billion pounds | 38.23 % |
| 8 |
Abu Dhabi Islamic Bank-ADIB Egypt |
4.732 Billion pounds | 3.438 Billion pounds | 37.64 % |
| 9 |
Attijariwafa Bank Egypt |
2.621 Billion pounds | 1.94 Billion pounds | 35.08 % |
| 10 |
Qatar National Bank-QNB Al Ahli |
19.578 Billion pounds | 14.922 Billion pounds | 31.2 % |
| 11 |
Emirates NBD Egypt |
4.291 Billion pounds | 3.285 Billion pounds | 30.62 % |
| 12 |
Credit Agricole Egypt |
3.799 Billion pounds | 2.918 Billion pounds | 30.21 % |
| 13 |
Al Ahli Bank of Kuwait Egypt -ABK Egypt |
2.749 Billion pounds | 2.129 Billion pounds | 29.13 % |
| 14 |
alBaraka Bank Egypt |
3.435 Billion pounds | 2.75 Billion pounds | 24.92 % |
| 15 |
Suez Canal Bank |
1.89 Billion pounds | 1.524 Billion pounds | 24.01 % |
| 16 |
Commercial International Bank-CIB |
30.836 Billion pounds | 24.888 Billion pounds | 23.9 % |
| 17 |
Banque Du Caire-BDC |
12.793 Billion pounds | 10.362 Billion pounds | 23.46 % |
| 18 |
Bank of Alexandria-Alex Bank |
7.252 Billion pounds | 6.198 Billion pounds | 17 % |
| 19 |
EGBANK |
3.04 Billion pounds | 2.754 Billion pounds | 10.38 % |
| 20 |
Faisal Islamic Bank of Egypt |
4.424 Billion pounds | 5.483 Billion pounds | -19.32 % |
