First Bank list of the fastest growing banks in terms of net interest income for the past year, revealed that

net interest income,growth rates,seoarate financial statements

saib, E Bank, ADCB Egypt, aiBANK, and HD Bank, are fastest growing banks in terms of net interest income

FirstBank

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
SAIB BANK
3.532 Billion pounds 2.081 Billion pounds 69.73 %
2 Export Development Bank of Egypt-EBank
Export Development Bank of Egypt-EBank
3.046 Billion pounds 1.839 Billion pounds 65.63 %
3 Abu Dhabi Commercial Bank Egypt- ADCB
Abu Dhabi Commercial Bank Egypt- ADCB
2.887 Billion pounds 1.753 Billion pounds 64.68 %
4 BANK NXT
BANK NXT
1.791 Billion pounds 1.113 Billion pounds 60.92 %
5 Housing and Development Bank-HDB
Housing and Development Bank-HDB
4.908 Billion pounds 3.269 Billion pounds 50.14 %
6 Al Ahli united bank Egypt
Al Ahli united bank Egypt
3.031 Billion pounds 2.064 Billion pounds 46.89 %
7 NBK Egypt
NBK Egypt
3.83 Billion pounds 2.771 Billion pounds 38.23 %
8 Abu Dhabi Islamic Bank-ADIB Egypt
Abu Dhabi Islamic Bank-ADIB Egypt
4.732 Billion pounds 3.438 Billion pounds 37.64 %
9 Attijariwafa Bank Egypt
Attijariwafa Bank Egypt
2.621 Billion pounds 1.94 Billion pounds 35.08 %
10 Qatar National Bank-QNB
Qatar National Bank-QNB
19.578 Billion pounds 14.922 Billion pounds 31.2 %
11 Emirates NBD Egypt
Emirates NBD Egypt
4.291 Billion pounds 3.285 Billion pounds 30.62 %
12 Credit Agricole Egypt
Credit Agricole Egypt
3.799 Billion pounds 2.918 Billion pounds 30.21 %
13 Al Ahli Bank of Kuwait Egypt -ABK Egypt
Al Ahli Bank of Kuwait Egypt -ABK Egypt
2.749 Billion pounds 2.129 Billion pounds 29.13 %
14 alBaraka Bank Egypt
alBaraka Bank Egypt
3.435 Billion pounds 2.75 Billion pounds 24.92 %
15 Suez Canal Bank
Suez Canal Bank
1.89 Billion pounds 1.524 Billion pounds 24.01 %
16 Commercial International Bank-CIB
Commercial International Bank-CIB
30.836 Billion pounds 24.888 Billion pounds 23.9 %
17 Banque Du Caire-BDC
Banque Du Caire-BDC
12.793 Billion pounds 10.362 Billion pounds 23.46 %
18 Bank of Alexandria-Alex Bank
Bank of Alexandria-Alex Bank
7.252 Billion pounds 6.198 Billion pounds 17 %
19 EGBANK
EGBANK
3.04 Billion pounds 2.754 Billion pounds 10.38 %
20 Faisal Islamic Bank of Egypt
Faisal Islamic Bank of Egypt
4.424 Billion pounds 5.483 Billion pounds -19.32 %