Crédit Agricole bank, saib, and Faisal bank, Fastest-growing listed banks in terms of corporate deposits in H1-2023
First Bank
First Bank List Revealed The Fastest-Growing Banks In Terms Of Corporate Deposits In The First 6 Months Of The Current Year. Crédit Agricole - Egypt Topped The List With A Growth Rate Of 38.50%. Its Total Portfolio Increased To EGP 50.2 Bn By The End Of June 2023, Compared To EGP 36.2 Bn By The End Of December 2021.
The List Included 11 Banks Listed On The Egyptian Stock Exchange, 10 Banks Achieved Positive Growth Rates In Their Total Corporate Deposit Portfolios During The Period From January To June 2023.
The Listed Banks Managed To Increase Their Corporate Deposit Portfolios By EGP 116.5 Bn In The First Half Of The Current Year Alone, Bringing Their Total Value To EGP 1.046 Tn By The End Of June 2023, Compared To EGP 929.8 Bn By The End Of December 2022, Achieving A Growth Of 12.53% In The First 6 Months Of 2023.
Saib Occupied Second Place, With Its Total Corporate Deposit Portfolio Growing By 19.53% During The First Half Of The Current Year, Recording EGP 59.8 Bn By June 2023end, Compared To EGP 50.03 Bn By The End Of December 2022.
Faisal Islamic Bank Took Third Place With A Growth Rate Of 17.80% During The First 6 Months Of The Current Year, As Its Total Corporate Deposit Portfolio Increased From EGP 4.1 Bn By The End Of December 2022 To reach EGP 4.8 bn By June 2023end.
Commercial International Bank-Egypt Ranked Fourth With A Growth Rate Of 16.47% During The First Half Of The Current Year, As Its Corporate Deposits Jumped to EGP 305.4 Bn By The End Of June 2023, Compared To EGP 262.2 Bn By The End Of December 2022.
EBank Occupied Fifth Position With A Growth Rate Of 16.08% During The First 6 Months Of The Current Year. Its Total Corporate Deposit Portfolio Reached Approximately EGP 69.3 Bn By The End Of June 2023, Compared To EGP 59.7 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 terms of Corporate Deposits In H1-2023
| # | Bank Name | Value By June-2023End | Value By Dec-2022End | Growth Rate% |
|---|---|---|---|---|
| 1 |
Credit Agricole Egypt |
50.164 billion pounds | 36.22 billion pounds | 38.5 % |
| 2 |
SAIB BANK |
59.8 billion pounds | 50.031 billion pounds | 19.53 % |
| 3 |
Faisal Islamic Bank of Egypt |
4.792 billion pounds | 4.068 billion pounds | 17.8 % |
| 4 |
Commercial International Bank-CIB |
305.412 billion pounds | 262.224 billion pounds | 16.47 % |
| 5 |
Export Development Bank of Egypt-EBank |
69.264 billion pounds | 59.669 billion pounds | 16.08 % |
| 6 |
Qatar National Bank-QNB  |
295.78 billion pounds | 262.387 billion pounds | 12.73 % |
| 7 |
Suez Canal Bank |
58.424 billion pounds | 52.994 billion pounds | 10.25 % |
| 8 |
EGBANK |
59.103 billion pounds | 54.238 billion pounds | 8.97 % |
| 9 |
alBaraka Bank Egypt |
39.836 billion pounds | 37.351 billion pounds | 6.65 % |
| 10 |
Abu Dhabi Islamic Bank-ADIB Egypt |
50.806 billion pounds | 48.313 billion pounds | 5.16 % |
| 11 |
Housing and Development Bank-HDB |
52.854 billion pounds | 62.261 billion pounds | -15.11 % |
