EBank, alBaraka Bank, and HD Bank Fastest Growing listed banks in terms of Credit Cards in H1-2023
First Bank
According To The Latest List By First Bank, Which Ranks The Fastest-Growing Listed Banks In Credit Cards For The First Half Of The Current Year, Export Development Bank Of Egypt Has Claimed The Top Spot With An Impressive Growth Rate Of 47.29%. The Bank's Credit Card Portfolio Reached EGP 96.139 Mn By The End Of June 2023, Compared To EGP 65.3 Mn At The End Of December 2022.
The List, Includes 10 Banks Listed On The Egyptian Stock Exchange, Highlights The Positive Growth Trends Across All Banks In Their Total Credit Card Portfolios From January To June 2023. Notably Absent From The Ranking Was Faisal Islamic Bank Of Egypt.
Securing The Second Place On The List Was alBaraka Bank-Egypt, Which Experienced A Growth Rate Of 18.20% During H1 2023. The Bank's Credit Card Portfolio Amounted To EGP 35.112 Mn By The End Of June 2023, compared to EGP 29.706 Mn At The End Of December 2022.
HD Bank Secured The Third Place, Reporting A Credit Card Portfolio Growth Rate Of 14.55% In The First Half Of The Year. Its Portfolio Stood At EGP 109.697 Mn By The End Of June 2023, Compared To EGP 95.767 Mn At The End Of December 2022.
Abu Dhabi Islamic Bank - Egypt Secured The Fourth Place With A Growth Rate Of 12.04% During The First 6 Months Of 2023. The Bank's Credit Card Portfolio Increased From EGP 578.688 Mn In December 2022 To reach EGP 648.340 Mn By The End Of June 2023.
In Fifth Place Came EGBANK, With A Growth Rate Of 9.62% In H1 2023. CIB's Credit Card Portfolio reached EGP 109.155 mn By The End Of June 2023, Compared To EGP 99.575 mn At The End Of December 2022, Followed by Commercial International Bank-CIB With a growth rate of 9.39% during the same period.
The Provided Analysis Is Based On Separate Announced Financial Statements Of Each Bank By End Of Of June 2023.
listed banks in terms of credit cards during H1 -2023
| # | Bank Name | Value by June-2023end | Value by Dec 2022end | Growth rate % |
|---|---|---|---|---|
| 1 |
Export Development Bank of Egypt-EBank |
96.139 million pounds | 65.272 million pounds | 47.29 % |
| 2 |
alBaraka Bank Egypt |
35.112 million pounds | 29.706 million pounds | 18.2 % |
| 3 |
Housing and Development Bank-HDB |
109.697 million pounds | 95.767 million pounds | 14.55 % |
| 4 |
Abu Dhabi Islamic Bank-ADIB Egypt |
648.34 million pounds | 578.688 million pounds | 12.04 % |
| 5 |
EGBANK |
109.155 million pounds | 99.575 million pounds | 9.62 % |
| 6 |
Commercial International Bank-CIB |
8.353 Billion pounds | 7.636 billion pounds | 9.39 % |
| 7 |
Qatar National Bank-QNB Al Ahli |
1.727 Billion pounds | 1.647 billion pounds | 4.89 % |
| 8 |
Suez Canal Bank |
37.897 million pounds | 36.463 million pounds | 3.93 % |
| 9 |
SAIB BANK |
317.703 Million pounds | 308.281 million pounds | 3.06 % |
| 10 |
Credit Agricole Egypt |
1.184 Billion pounds | 1.173 Billion pounds | 0.94 % |
