alBaraka bank, Ebank, and Faisal bank, Fastest-growing listed banks in Retail loans during H1-2023
First Bank
First Bank's List Of The Fastest-Growing Banks In Retail Loans During The First Half Of This Year Revealed That alBaraka Bank - Egypt Topped The List With A Growth Rate Of 42.49%. Its Total Portfolio Jumped To EGP 6.164 Bn By The End Of June 2023, Compared To EGP4.326 Bn By The End Of December 2022.
The List, Which Included 11 Banks Listed On The Egyptian Stock Exchange, Showed That 10 Banks Achieved Positive Growth Rates In Their Retail Loan Portfolios During The First Half Of current Year, While only one Bank Recorded Declines During The Same Period.
EBank Occupied The Second Place With A Growth Rate Of 31.58% During The First Half Of The Current Year. Its Total Retail Loans Reached EGP 5.967 Bn By The End Of June 2023, Compared To EGP 4.535 Bn By The End Of December 2022.
Faisal Islamic Bank Of Egypt Ranked Third After Its Total Retail Loan Portfolio Increased By 18.85% During The First Half Of This Year, Reaching EGP 2.981 Bn By The End Of March 2023, Compared To EGP 2.509 Bn By The End Of December 2022.
Suez Canal Bank Came In Fourth Place With A Growth Rate Of 18.82% During The First 6 Months Of This Year. Its Total retail Loan Portfolio Rose To EGP 3.276 Bn By End Of June 2023, Compared To EGP 2.757 Bn By The End Of December 2022.
Housing development Bank- HD Bank Ranked Fifth After Its Total Retail Loan Portfolio Increased By 8.21% During The First Half Of This Year, Reaching EGP 22.934 Bn By The End Of June 2023, Compared To EGP 21.194 Bn By The End Of December 2022.
It Is Worth Noting That All Mentioned Values And Growth Rates Above Are Based On Separate Financial Statements Announced For Each Bank By End Of June 2023.
Fastest growing listed banks in Retail loans during H1-2023
| # | Bank Name | Value by June 2023end | Value by Dec- 2022end | Growth rate % |
|---|---|---|---|---|
| 1 |
alBaraka Bank Egypt |
6.164 Billion pounds | 4.326 Billion pounds | 42.49 % |
| 2 |
Export Development Bank of Egypt-EBank |
5.967 Billion pounds | 4.535 Billion pounds | 31.58 % |
| 3 |
Faisal Islamic Bank of Egypt |
2.981 Billion pounds | 2.509 Billion pounds | 18.85 % |
| 4 |
Suez Canal Bank |
3.276 Billion pounds | 2.757 Billion pounds | 18.82 % |
| 5 |
Housing and Development Bank-HDB |
22.934 Billion pounds | 21.194 Billion pounds | 8.21 % |
| 6 |
Qatar National Bank-QNB  |
48.319 Billion pounds | 45.227 Billion pounds | 6.84 |
| 7 |
Abu Dhabi Islamic Bank-ADIB Egypt |
15.182 Billion pounds | 14.391 Billion pounds | 5.5 % |
| 8 |
EGBANK |
8.855 Billion pounds | 8.541 Billion pounds | 3.68 % |
| 9 |
SAIB BANK |
11.304 Billion pounds | 10.969 Billion pounds | 3.05 % |
| 10 |
Credit Agricole Egypt |
10.026 Billion pounds | 9.899 Billion pounds | 1.28 % |
| 11 |
Commercial International Bank-CIB |
52.691 Billion pounds | 53.287 Billion pounds | -0.61 % |
