alBaraka bank, saib, and Credit Agricole Bank Lead in Fastest Growth among Listed Banks in Financial Investments during H1-2023
First Bank
In The First Half Of 2023, alBaraka Bank - Egypt, Saib, and Credit Agricole bank Emerged As The Top-Performing Banks In Terms Of Financial Investments, According To First Bank List Of Fastest-Growing Listed Banks.
alBaraka Bank - Egypt Claimed The Top Spot On The List With An Impressive Growth Rate Of 34.71%. The Bank's Total Portfolio Jumped To EGP 42.6 bn by June 2023End, Compared To EGP 31.7 Bn At The End Of December 2022.
The List, Which Featured 11 Banks Listed On The Egyptian Stock Exchange, Revealed That 6 Banks Achieved Positive Growth Rates In Their Total Investment Portfolios. However, 5 Banks Experienced A Decline During The Period from January to June 2023.
Saib Secured The Second Place On The List, achieving A Growth Rate Of 29.35% During H1-2023. The Bank's Total Portfolio Of Financial Investments And T-Bills recorded EGP 29.1 Bn By The End Of June 2023, Compared To EGP 22.5 Bn At The End Of December 2022.
Credit Agricole Egypt Secured The Third Spot On The List With A Growth Rate Of 28.30%. Its Total Portfolio Of Financial Investments And T-Bills Reached EGP 16.8 Bn By The End Of June 2023, Compared To EGP 13.1 Bn At The End Of December 2022.
Qatar National Bank- (QNB) Ranked Fourth On The List With A Growth Rate Of 11.74% During H1-2023. The Bank's Total Portfolio Of Financial Investments And T-Bills Reached EGP 195.4 Bn By The End Of June 2023, Compared To EGP 174.9 Bn At The End Of December 2022.
EGBANK Secured The Fifth Place With A Growth Rate Of 6.52% During The First half Of 2023. The Bank's Total Portfolio Of Financial Investments Amounted To EGP 38.2 Bn By The End Of June 2023, Compared To EGP 35.9 Bn At The End Of December 2022.
It Is Worth Noting That All The Mentioned Values And Growth Rates In The Analysis Are Based On Separate Announced Financial Statements Of Each Bank By End Of June 2023.
Fastest growing listed banks in Financial Investments during H1-2023
| # | Bank Name | Value by June-2023End | Value by Dec-2022End | Growth Rate% |
|---|---|---|---|---|
| 1 |
alBaraka Bank Egypt |
42.641 Billion pounds | 31.655 Billion pounds | 34.71 % |
| 2 |
SAIB BANK |
29.082 Billion pounds | 22.482 Billion pounds | 29.35 % |
| 3 |
Credit Agricole Egypt |
16.815 Billion pounds | 13.106 Billion pounds | 28.3 % |
| 4 |
Qatar National Bank-QNB  |
195.391 Billion pounds | 174.86 Billion pounds | 11.74 % |
| 5 |
EGBANK |
38.221 Billion pounds | 35.881 Billion pounds | 6.52 % |
| 6 |
Faisal Islamic Bank of Egypt |
96.431 Billion pounds | 93.849 Billion pounds | 2.75 % |
| 7 |
Commercial International Bank-CIB |
233.749 Billion pounds | 237.095 Billion pounds | -1.41 % |
| 8 |
Suez Canal Bank |
22.948 Billion pounds | 24.617 Billion pounds | -6.78 % |
| 9 |
Export Development Bank of Egypt-EBank |
24.697 Billion pounds | 26.913 Billion pounds | -8.32 % |
| 10 |
Housing and Development Bank-HDB |
26.537 Billion pounds | 29.644 Billion pounds | -10.48 % |
| 11 |
Abu Dhabi Islamic Bank-ADIB Egypt |
27.642 Billion pounds | 30.892 Billion pounds | -10.52 % |
