saib, Alex Bank and Credit Agricole bank, fastest- growing banks in Total financial investments in Q1-2023

First Bank List Has revealed The Fastest Growing- Banks In Total Financial Investments During the first quarter of the current year, saib topped the list with a growth rate of 22.23%, after its total portfolio increased to EGP 27.48 Bn by the end of March 2023, Compared to EGP 22.48 Bn at the end of December 2022.

First Bank list monitored the total Financial Investments of 19 Banks operating in the Egyptian banking sector, For Which Data were available during the analysis period, and showed that 10 Banks achieved positive growth rates in their total financial Investments, While 9 banks recorded decline rates In their total financial investments from January to March 2023.

Alex Bank snatched second place with a growth rate of 17.53%, during the first quarter of the current year after its total financial Investments recorded about EGP 38 Bn The End Of March 2023, Compared To EGP 32.33 Bn At The End Of December 2022.

Credit Agricole- Egypt Ranked Third With A Growth Rate Of 14.02%, During the first quarter of the current year After increasing Its Total Financial Investment Portfolio From EGP 13.11 Bn At The End Of December 2022, To Reach EGP 14.94 Bn by March-2023end.

Attijariwafa bank Came In Fourth Place, After Its Total Financial Investments Increased By A Growth Rate Of 11.60% Over The Past Year, To Record EGP 21.48 Bn At The End Of March 2023, Compared To EGP 19.25 Bn At The End Of December 2021.

Came Fifth, Ahli United Bank, After Its Total Financial Investments Increased By A Growth Rate Of 8.11% Over The Past Year, After It Recorded EGP 18.34 Bn At The End Of March 2023, Compared To EGP 16.97 Bn At The End Of December 2022, Followed By EGBANK In Sixth Place With A Growth Rate Of 6.29%. During The Same Period.

As For Seventh Place, alBaraka Bank Came With A Growth Rate Of 5.58%, After It Succeeded In Increasing Its Total Financial Investments To EGP 33.42 Bn At The End Of March 2023, Compared To EGP 31.66 Bn At The End Of December 2022, Followed By Banque du Caire In Eighth Place With A Growth Rate Of 5.28%. During The Same Period.

Faisal Islamic Bank Came In ninth Place After Achieving A Growth In Its Total Financial Investments At A Rate Of 4.20% during the first quarter of 2023, To Reach EGP97.79 Bn At The End Of December 2022, Compared To EGP93.85 Bn At The End Of December 2022.

Housing And Development Bank Came In Tenth Place After Achieving A Growth In Its Total Financial Investments At A Rate Of 2.85% Over The Past Year, To Reach EGP30.49 Bn At The End Of March 2023, Compared To EGP 29.64 Bn At The End Of December 2021

It Should Be Noted That All The Values And Growth Rates Mentioned Above Are According To Separate Financial Statements Announced For Each Bank At The End Of March 2023.