CIB Tops listed banks on First Bank's Credit Competitiveness Index During H1-2023
First Bank
First Bank's credit competitiveness index for listed banks in the first Half of the current year revealed that Commercial International Bank - Egypt taking the first place. Total portfolio of loans and facilities for CIB increased by EGP 32.846 bn, reaching EGP 251.5 bn by the end of June 2023, compared to EGP 218.633 bn by the end of December 2022.
The index monitored the increase achieved in total customer loan portfolios of 11 banks listed on the Egyptian stock exchange. The results of the index revealed that all the analyzed banks were able to increase their credit portfolios with value of EGP89.784bn during the period from January to June 2023.
First Bank index measures the ability of listed banks in the Egyptian stock exchange to offer credit products or loan products to attract customers, whether individuals or corporates. It relies on the absolute value of the growth in total customer loans, which reflects the bank's success in increasing its portfolio balance
Qatar National Bank-QNB came in second place, with its total portfolio of loans and facilities increasing by EGP 23.186 bn during the first 6 months of the current year, reaching EGP 254 bn by the end of June 2023, compared to EGP 230.8 bn by the end of December 2022.
Export Development Bank - Egypt ranked third, with its total portfolio of loans and facilities to customers increasing by EGP 7.916 bn during the first Half of the current year, reaching EGP 52.732 bn by the end of June 2023, compared to EGP 44.817 bn by the end of December 2022.
Abu Dhabi Islamic Bank - Egypt ranked fifth, with its total customer loan portfolio increasing by EGP 5.333 bn during the first Half of the current year, reaching EGP 65.010 bn by the end of June 2023, compared to EGP 59.667 bn by the end of December 2022.
As for the fourth place, it was obtained by saib, with its total customer loan portfolio jumping to EGP 46.777 bn by June 2023End, compared to EGP 41.869 bn by the end of December 2022, achieving an increase of EGP 4.908 bn during the first Half of the current year.
It is worth noting that all the absolute values and growth values mentioned in the above analysis are based on separate financial statements announced for each bank at the end of June 2023.
Rankin listed banks on First Bank Credit Competitiveness Index during H1-2023
| # | Bank Name | Total loans By June 2023End | Total loans By end of 2022 | Increase Value |
|---|---|---|---|---|
| 1 |
Commercial International Bank-CIB |
251.479 Billion pounds | 218.633 Billion pounds | 32.846 Billion pounds |
| 2 |
Qatar National Bank-QNB  |
253.954 Billion pounds | 230.768 Billion pounds | 23.186 Billion pounds |
| 3 |
Export Development Bank of Egypt-EBank |
52.733 Billion pounds | 44.817 Billion pounds | 7.916 Billion pounds |
| 4 |
Abu Dhabi Islamic Bank-ADIB Egypt |
65.01 Billion pounds | 59.677 Billion pounds | 5.333 Billion pounds |
| 5 |
SAIB BANK |
46.777 Billion pounds | 41.869 Billion pounds | 4.908 Billion pounds |
| 6 |
EGBANK |
32.145 Billion pounds | 28.446 Billion pounds | 3.699 Billion pounds |
| 7 |
alBaraka Bank Egypt |
38.765 Billion pounds | 35.38 Billion pounds | 3.385 Billion pounds |
| 8 |
Suez Canal Bank |
35.246 Billion pounds | 32.137 Billion pounds | 3.109 Billion pounds |
| 9 |
Housing and Development Bank-HDB |
40.573 Billion pounds | 38.163 Billion pounds | 2.41 Billion pounds |
| 10 |
Credit Agricole Egypt |
36.626 Billion pounds | 35.002 Billion pounds | 1.624 Billion pounds |
| 11 |
Faisal Islamic Bank of Egypt |
15.914 Billion pounds | 14.546 Billion pounds | 1.368 Billion pounds |
