CIB, EGBANK, and EBank fastest-growing listed banks in terms of corporate loans in H1-2023
First Bank
First Bank List Of The Fastest-Growing Listed Banks In Terms Of Corporate Loans In The First Half Of The Current Year Revealed That Commercial International Bank-CIB Topped The List With A Growth Rate Of 20.06%. Its Total Portfolio Increased To EGP 198.5 Bn By The End Of June 2023, Compared To EGP 165.3 Bn By The End Of December 2022.
The List, Which Included 11 Banks Listed On The Egyptian Stock Exchange, Revealed That All The Banks Achieved Positive Growth Rates In Their Total Corporate Loan Portfolios During The Period From January To June 2023.
EGBank Came Second After Its Total Corporate Loans Jumped By A Growth Rate Of 17% During The First Half Of The Current Year, Reaching EGP 23.3 Bn By The End Of June 2023, Compared To EGP 19.9 Bn By The End Of December 2022.
As For The Third Place, It Went To EBank After Its Total Corporate Loan Portfolio Increased By A Growth Rate Of 16.09% During The First Half Of The Current Year, Recording EGP 46.8 Bn By The End Of June 2023, Compared To EGP 40.3 Bn By The End Of December 2022.
Saib Ranked Fourth With A Growth Rate Of 14.80% During The First 6 Months Of The Current Year, With Its Total Portfolio Reaching EGP 35.5 Bn By The End Of June 2023, Compared To EGP 30.9 Bn By The End Of December 2022.
Qatar National Bank of Egypt- QNB Al Ahli Ranked Fifth With A Growth Rate Of 10.83% During The First Half Of The Current Year, As Its Total Corporate Loan Portfolio Increased From EGP 185.5 Bn By The End Of December 2022 To reach EGP 205.6 Bn By The End Of June 2023.
It Is Worth Noting That All The Values And Growth Rates Mentioned Above, Are Based On Separate Financial Statements Announced For Each Bank By The End Of June 2023.
Fastest growing listed banks in corporate loans during H1-2023
# | Bank Name | Valu by June 2023end | Value At-Dec-End-22 | Growth rate % |
---|---|---|---|---|
1 | Commercial International Bank-CIB | 198.518 BIllion pounds | 165.345 BIllion pounds | 20.06 % |
2 | EGBANK | 23.289 BIllion pounds | 19.905 BIllion pounds | 17 % |
3 | Export Development Bank of Egypt-EBank | 46.765 BIllion pounds | 40.282 BIllion pounds | 16.09 % |
4 | SAIB BANK | 35.473 BIllion pounds | 30.9 BIllion pounds | 14.8 % |
5 | Qatar National Bank-QNB | 205.635 BIllion pounds | 185.541 BIllion pounds | 10.83 % |
6 | Abu Dhabi Islamic Bank-ADIB Egypt | 49.827 BIllion pounds | 45.286 BIllion pounds | 10.03 % |
7 | Suez Canal Bank | 31.97 BIllion pounds | 29.381 BIllion pounds | 8.81 % |
8 | Faisal Islamic Bank of Egypt | 12.933 BIllion pounds | 12.037 BIllion pounds | 7.44 % |
9 | Credit Agricole Egypt | 26.6 BIllion pounds | 25.103 BIllion pounds | 5.96 % |
10 | alBaraka Bank Egypt | 32.601 BIllion pounds | 31.054 BIllion pounds | 4.98 % |
11 | Housing and Development Bank-HDB | 17.639 BIllion pounds | 16.969 BIllion pounds | 3.953 % |