Largest banks in terms of total customer loans, QNB Al Ahli and CIB lead by end of Q1-2023

First Bank released a list ranking the listed banks based on the highest value of total customer loans by end of last March. The list revealed that Qatar National Bank Alahli topped with the value of its customer loan portfolio reaching EGP244.9 bn by the end of March 2023, with a growth rate of 7.43% during the analyzed period.

The list, which included 11 banks listed on the Egyptian stock exchange, showed that all the banks under analysis increased their financing to customers by EGP70.019 bn, with a growth rate of about 9% during the first quarter of the current year. The total value of customer loans in the listed banks reached EGP849.5 bn by the end of March 2023.

Commercial International Bank Egypt came second on the list, its customer loan portfolio reaching EGP243.4 bn, growing at a rate of 11.33% during the first quarter of 2023.

Abu Dhabi Islamic Bank Egypt ranked third after the size of its customer loan portfolio increased to EGP63.8 bn, with a growth rate of 6.92%. Followed by EBank and saib in the fourth and fifth place, respectively, with customer loan portfolios of EGP 52.7 bn and EGP45.8 bn by the end of March 2023.

As for sixth place, it was occupied by HD Bank, with its customer loan portfolio reaching EGP39.1 bn, growing at a rate of 2.51% during the first quarter of 2023.

Banque Misr - Egypt ranked seventh, with a customer loan portfolio of EGP 38 bn, after it increased at a growth rate of 7.31% during the first 3 months of the current year. Suez Canal Bank followed in the eight place, with a customer loan portfolio of EGP 36.6 bn, growing at a rate of 13.73% during the same period.

Crédit Agricole Egypt ranked ninth, with a customer loan portfolio of EGP 36 bn, followed by Egyptian Gulf Bank and Faisal Islamic Bank with customer loan portfolios of EGP31.1 bn and EGP15.3 bn, respectively, during the first quarter of 2023.

To access the list of First Bank ranking of listed banks according to the fastest growth in total customer loans during the first quarter of 2023, click here.

It should be noted that all values and growth rates mentioned above are based on separate financial statements announced for each bank by the end of March 2023.