Ebank, Suez Canal Bank, and EGBANK, Top listed banks in focusing on corporate deposits by June-2023 end

First bank list of the banks with the highest focus on corporate deposits revealed that Ebank topped the list with its corporate deposits portfolio, which accounted for 82.33% of its total deposits, amounting to EGP69.264 bn, out of a total deposit value of EGP 84.134 bn by the end of June 2023.

The list sheds light on the strategies of listed banks in Egypt in diversifying their certificates and products to attract more customers. It uses the criterion of " corporate deposits/total deposits" to provide an indicator of the concentration of a bank's deposit portfolio in corporate deposits.

Following closely in the list, Suez Canal Bank secured the second position with 80.10% of its deposit portfolio, worth EGP72.936 bn, concentrated in corporate deposits valued at EGP 58.424 bn at the end of June 2023.

EGBANK ranked third, with 75.22% of its deposit portfolio, totaling EGP 78.573 bn, focused on corporate deposits valued at approximately EGP59.103 bn by the end of June 2023.

In the fourth position, saib obtained a 71.35% share of its deposit portfolio, amounting to EGP59.800 bn, from the bank's total deposit portfolio of EGP83.818 bn by the end of June 2023.

Credit Agricole Egypt came in fifth place, with 66.90% of its deposit portfolio, totaling EGP74.988 bn, concentrated in corporate deposits valued at EGP50.164 bn by the end of June 2023.

It's important to note that the values and concentration percentages mentioned in the analysis are based on the independent financial statements announced by each bank as of the end of June 2023.