ADCB Egypt, EBank, SC Bank, Top banks in focusing on corporate deposits

First Bank Has Revealed A List Of Banks With The Highest Focus On Corporate Deposits During First Quarter Of 2023, Topping The List, Abu Dhabi Commercial Bank- Egypt, After The Corporate deposits Acquired 84.87% Of The Bank's Total deposits, As Its Corporate deposit Portfolio Recorded EGP 65 Bn By The End Of March 2023, While Total deposit Portfolio Reached EGP 76.6 Bn During The Same Period.

The List Measures The Investment Trends Of 20 Banks, Specifically In Terms Of Corporate deposits, It Relies On The Ratio Of (Corporate deposits /Total Customer deposits) As A Indicator Of The Bank's Portfolio Concentration In The Category Of Corporate deposits.

EBank Secured The Second Position With 82.94% Of Its Total Customer deposits, Valued At EGP 80.3 Bn, Concentrated In The Corporate deposit Portfolio Worth EGP 66.6 Bn By The End Of March 2023.

 Suez Canal Bank Took The Third Place With 81.93% Of Its Total Customer deposits, Valued At EGP 75.6 Bn, Were Concentrated In Corporate deposit Portfolio, Which Reached EGP 61.9 Bn By The End Of March 2023.

Ahli United Bank-Egypt came in fourth place after its corporate deposit portfolio acquired 80.82% of the bank's deposit portfolio valued at EGP 79.7 bn by the end of March 2023, while the bank's corporate deposit portfolio reached EGP64.4 Bn during the same period.

EGBANK Ranked Fifth On The List, As 76.48% Of Its Total Customer deposits, Amounting To EGP 79.7 Bn, Were Concentrated In The Corporate deposit Portfolio By The End Of March 2023, The Bank's Total Customer deposit Portfolio Reached EGP 60.9 Bn During The Same Period.

Al-Ahli Bank of Kuwait – Egypt Secured The Sixth Position, as Corporate deposits Accounting For 74.85% Of Its Total Customer deposits Valued At EGP 68.3 Bn, The Bank's corporate deposit Portfolio Amounted To EGP 51.2 Bn By March 2023End , Followed By aiBANK With 72.25% During The Same Period.

saib Ranked Eighth After 70.97% Of Its Total Customer deposits, Valued At EGP 83.4 Bn, Were Concentrated In Corporate deposit Portfolio, Which Reached EGP 59.2 Bn By The End Of March 2023, Followed By Emirates NBD Egypt With 68.91% During Same Period.

HD Bank took the tenth place on the list after its corporate deposit portfolio accounted for 67.67% of the bank's deposit portfolio, it recorded EGP 96.4 bn by the end of March 2023, while Corporate deposit Portfolio, Recorded EGP 65.2 Bn By The End Of March 2023.

It Is Worth Noting That The Concentration Ratios And Values Mentioned In The Above Analysis Are Based On Separate Financial Statements Declared By Each Bank At The End Of March 2023.