First bank list of the best banks in Assets coverage ratio for deposits revealed that Arab African Internation

total assets,Total Deposits,Deposit portfolio,separate financial statements,Assets coverage ratio,FAB- Egypt

AAIB, FAB- Egypt, and EBank, top banks in Assets coverage ratio for Deposits by end of 2022

FirstBank

First bank list of the best banks in Assets coverage ratio for deposits revealed that Arab African International Bank topped the list with a coverage ratio of 149.5% at the end of last year, after total assets recorded EGP 324.9 bn, ($13.169 bn), while total deposits recorded EGP 217.3 bn, ($8.809 bn) by the end of December 2022.

Asset Coverage ratio for deposits expresses the ability of banks to cover their customers’ deposits using their asset portfolios, according to (assets / deposits)×100, The higher the value, the higher the level of safety provided by the bank to its depositors of all segments.

First Abu Dhabi Bank - Egypt ranked second, after Asset coverage ratio for deposits recorded 148.12% at the end of last year, after the bank’s total assets recorded EGP 206.5 bn, while total deposit portfolio of its customers recorded EGP 139.4 bn by the end of December 2022.

E Bank came third with 132.76% at the end of the previous year, as its total asset portfolio reached EGP96.7 bn, and its total deposit portfolio recorded EGP72.9 bn by the end of December 2022, followed by Banque du Caire with 128.54% by the end. same period.

National Bank of Kuwait - Egypt came fifth with 124.48%, as its total portfolio of assets recorded EGP 105.1 bn, while its deposit portfolio reached EGP84.5 bn at the end of December 2022, followed by Credit Agricole Bank in sixth place with 121.17%.

Faisal Islamic Bank of Egypt came in seventh place with 122.66%, after its total asset portfolio recorded EGP151.6 bn pounds, and its total deposit portfolio reached EGP 123.6 bn by the end of December2022, followed by EGBANK with coverage rates of 122.48% and 120.93% respectively by the end of last year.

Alex Bank ranked tenth with 120.20% by the end of December 2022, followed by CIB and saib banks, with 119.53% and 118.45%, respectively, by the end of last year.

It should be noted that all values ​​and coverage rates mentioned above, are according to separate financial statements announced for each bank at the end of December 2022.

Top banks in Asset coverage ratio for deposits by end of 2022

# Bank name assets at Dec-end 2022 deposits at Dec end -2022 Coverage rate%
1 arab african international bank
arab african international bank
324.88 Billion pounds 217.313 Billion pounds 149.5 %
2 First Abu Dhabi Bank Egypt-FAB
First Abu Dhabi Bank Egypt-FAB
206.45 Billion pounds 139.38 Billion pounds 148.12 %
3 Export Development Bank of Egypt-EBank
Export Development Bank of Egypt-EBank
96.724 Billion pounds 72.854 Billion pounds 132.76 %
4 Banque Du Caire-BDC
Banque Du Caire-BDC
321.587 Billion pounds 250.184 Billion pounds 128.54 %
5 NBK Egypt
NBK Egypt
105.136 Billion pounds 84.458 Billion pounds 124.48 %
6 Credit Agricole Egypt
Credit Agricole Egypt
75.112 Billion pounds 60.493 Billion pounds 124.17 %
7 Faisal Islamic Bank of Egypt
Faisal Islamic Bank of Egypt
151.637 Billion pounds 123.626 Billion pounds 122.66 %
8 Al Ahli united bank Egypt
Al Ahli united bank Egypt
85.492 Billion pounds 69.799 Billion pounds 122.48 %
9 EGBANK
EGBANK
86.735 Billion pounds 71.723 Billion pounds 120.93 %
10 Bank of Alexandria-Alex Bank
Bank of Alexandria-Alex Bank
133.058 Billion pounds 110.7 Billion pounds 120.2 %
11 Commercial International Bank-CIB
Commercial International Bank-CIB
633.643 Billion pounds 530.125 Billion pounds 119.53 %
12 SAIB BANK
SAIB BANK
86.735 Billion pounds 72.667 Billion pounds 118.45 %
13 Emirates NBD Egypt
Emirates NBD Egypt
100.938 Billion pounds 85.22 Billion pounds 118.44 %
14 Abu Dhabi Islamic Bank-ADIB Egypt
Abu Dhabi Islamic Bank-ADIB Egypt
115.517 Billion pounds 97.743 Billion pounds 118.18 %
15 Attijariwafa Bank Egypt
Attijariwafa Bank Egypt
61.713 Billion pounds 52.511 Billion pounds 117.52 %
16 alBaraka Bank Egypt
alBaraka Bank Egypt
87.225 Billion pounds 74.42 Billion pounds 117.21 %
17 Qatar National Bank-QNB
Qatar National Bank-QNB
476.792 Billion pounds 407.067 Billion pounds 117.13 %
18 Housing and Development Bank-HDB
Housing and Development Bank-HDB
103.632 Billion pounds 89.485 Billion pounds 115.81 %
19 Arab Investment Bank- aiBANK
Arab Investment Bank- aiBANK
55.389 Billion pounds 48.202 Billion pounds 114.91 %
20 Al Ahli Bank of Kuwait Egypt -ABK Egypt
Al Ahli Bank of Kuwait Egypt -ABK Egypt
75.603 Billion pounds 66.153 Billion pounds 114.29 %
21 Abu Dhabi Commercial Bank Egypt- ADCB
Abu Dhabi Commercial Bank Egypt- ADCB
86.17 Billion pounds 75.492 Billion pounds 114.14 %
22 Suez Canal Bank
Suez Canal Bank
74.667 Billion pounds 65.803 Billion pounds 113.47 %