aiBANK, ADCB Egypt, FAB, EBank and ABK-Egypt, are fastest growing banks on First Bank Composite Index
First Bank composite growth index during the past year revealed that Arab Investment Bank topped the list with a composite growth rate of 72.79%, driven by net profits that jumped by 160.34%, while total portfolios of loans, assets and deposits increased by a growth rate of 84.50%, and 21.86% and 24.46%, respectively, over the past year.
ADCB Egypt ranked second among the fastest growing, with a composite growth rate of 63.18%, mainly driven by the growth of its deposit portfolio, which grew by 83.64% during 2022. Its net profits by 50%, and total assets and loan portfolio increased by 78.20% and 40.88%, respectively.
First Abu Dhabi Bank came third with 57.5% over the past year, due to the bank’s net profit growing at a rate of 129% over the past year, while total portfolios of assets, deposits and loans achieved growth rates of 55%, 35% and 11%. respectively.
E Bank came in fourth place with 52.12% during 2022, and the bank’s net profit grew by 145.1%, in addition to total portfolios of assets, loans and deposits, with growth rates of 26.93%, 23.29% and 13.16%, respectively, over the past year.
ABK – Egypt came fifth, with 50.56%, mainly driven by the growth of net profits at a rate of 101.77% during the past year, in addition total portfolios of deposits, assets and loans at rates of 38.15%, 33.22% and 29.10%. % respectively, followed by Attijariwafa bank with 49.24% during 2022.
saib ranked seventh with 49.14% during 2022, and this contributed to the growth of net profits at a rate of 137.15%, in addition to total portfolios of assets, loans and deposits at rates of 20.63%, 22.21% and 16.58%, respectively. followed by African International Bank, with 45.90% during the same period.
Emirates NBD – Egypt came in ninth place with 44.19%, followed by Ahli United Bank, Suez Canal bank and HD Bank, with 43.89%, 39.31% and 35.78%, respectively. during the previous year.
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.
banks on First bank’s Composite Growth Index At 2022
| # | Bank Name | Deposits | Loans | assets | profits | Composite Growth Index |
|---|---|---|---|---|---|---|
| 1 |
BANK NXT |
24.46 % | 84.5 % | 21.86 % | 160.34 % | 72.79 % |
| 2 |
Abu Dhabi Commercial Bank Egypt- ADCB |
83.64 % | 40.88 % | 78.2 % | 49.98 % | 63.18 % |
| 3 |
First Abu Dhabi Bank Egypt-FAB |
35 % | 11 % | 55 % | 129 % | 57.5 % |
| 4 |
Export Development Bank of Egypt-EBank |
13.16 % | 23.29 % | 26.93 % | 145.1 % | 52.12 % |
| 5 |
Al Ahli Bank of Kuwait Egypt -ABK Egypt |
38.15 % | 29.1 % | 33.22 % | 101.77 % | 50.56 % |
| 6 |
Attijariwafa Bank Egypt |
39.38 % | 34.31 % | 32.58 % | 90.69 % | 49.24 % |
| 7 |
SAIB BANK |
16.58 % | 22.21 % | 20.63 % | 137.15 % | 49.14 % |
| 8 |
arab african international bank |
35.83 % | 45.8 % | 34.53 % | 64.18 % | 45.9 % |
| 9 |
Emirates NBD Egypt |
26.1 % | 11.66 % | 22.23 % | 116.76 % | 44.19 % |
| 10 |
Al Ahli united bank Egypt |
30.37 % | 38.06 % | 33.04 % | 74.09 % | 43.89 % |
| 11 |
Suez Canal Bank |
30.08 % | 25.13 % | 30.01 % | 72 % | 39.31 % |
| 12 |
Housing and Development Bank-HDB |
42.28 % | 41.68 % | 35.86 % | 23.31 % | 35.78 % |
| 13 |
Abu Dhabi Islamic Bank-ADIB Egypt |
28.94 % | 25.04 % | 29.14 % | 45.05 % | 34.29 % |
| 14 |
Qatar National Bank-QNB  |
37.41 % | 24.88 % | 34.61 % | 35.86 % | 33.19 % |
| 15 |
NBK Egypt |
36.17 % | 32.74 % | 35.67 % | 26.88 % | 32.87 % |
| 16 |
Credit Agricole Egypt |
25.46 % | 12.79 % | 24.82 % | 51.91 % | 28.75 % |
| 17 |
Commercial International Bank-CIB |
30.54 % | 34.06 % | 27.58 % | 20.19 % | 28.09 % |
| 18 |
alBaraka Bank Egypt |
2.55 % | 46.15 % | 5.9 % | 55 % | 27.4 % |
| 19 |
Faisal Islamic Bank of Egypt |
12.84 % | 5.2 % | 15.77 % | 66.8 % | 25.15 % |
| 20 |
Banque Du Caire-BDC |
26.18 % | 25.4 % | 26.05 % | -11.33 % | 16.58 % |
| 21 |
EGBANK |
11.33 % | 14.38 % | 8.13 % | 22.98 % | 14.21 % |
| 22 |
Bank of Alexandria-Alex Bank |
15.65 % | 9.98 % | 15.8 % | 3.61 % | 11.26 % |
