Faisal Bank, ADIB Egypt, and CIB, Top listed banks in focusing on retail deposits by June-2023 end
First Bank
Faisal Islamic Bank, the Egyptian-based bank, topped the list with a percentage of 96.36%, as its deposits reached EGP132.586 bn by the end of June 2023. The bank's portfolio of individual deposits stood at EGP127.795 bn during the same period.
The list reveals the strategies of the banks listed on the Egyptian stock exchange in structuring their deposit portfolios, specifically in terms of diversifying certificate offerings and products to attract more customers. The list is based on the criterion of retail deposits divided by total deposits, providing an indicator of how focused a bank's deposit portfolio is on retail deposits.
Abu Dhabi Islamic Bank Egypt secured the second position, with 54.08% of its deposit portfolio, valued at EGP110.630 bn by the end of June 2023, dedicated to individual deposits, which amounted to EGP59.824 bn during the same period.
Commercial International Bank (CIB) Egypt claimed the third position, with 53.47% of its deposit portfolio, totaling EGP656.423 bn, dedicated to retail deposits amounting to approximately EGP351.011 bn by the end of June 2023.
alBaraka bank ranked fourth, with 49.32% of its total deposit portfolio of EGP78.607 bn by the end of June 2023 dedicated to retail deposits, which amounted to EGP38.771 bn during the same period.
The fifth position went to Housing and Development Bank, with 41.85% of its deposit portfolio, valued at EGP90.890 bn, focused on retail deposits amounting to EGP38.035 bn by the end of June 2023.
It's worth noting that the values and concentration ratios mentioned in the analysis above are based on the separate financial statements announced by each bank as of June 2023.
Top listed banks in focusing on Retail Deposits by June-2023end
| # | Bank Name | Retail Deposits By-June-2023End | Total Deposits By-June-2023End | Concentration rate% |
|---|---|---|---|---|
| 1 |
Faisal Islamic Bank of Egypt |
127.795 Billion pounds | 132.586 Billion pounds | 96.39 % |
| 2 |
Abu Dhabi Islamic Bank-ADIB Egypt |
59.824 Billion pounds | 110.63 Billion pounds | 54.08 % |
| 3 |
Commercial International Bank-CIB |
351.011 Billion pounds | 656.423 Billion pounds | 53.47 % |
| 4 |
alBaraka Bank Egypt |
38.771 Billion pounds | 78.607 Billion pounds | 49.32 % |
| 5 |
Housing and Development Bank-HDB |
38.035 Billion pounds | 90.89 Billion pounds | 41.85 % |
| 6 |
Qatar National Bank-QNB Al Ahli |
165.269 Billion pounds | 461.049 Billion pounds | 35.85 % |
| 7 |
Credit Agricole Egypt |
24.824 Billion pounds | 74.988 Billion pounds | 33.1 % |
| 8 |
SAIB BANK |
24.018 Billion pounds | 83.818 Billion pounds | 28.65 % |
| 9 |
EGBANK |
19.47 Billion pounds | 78.573 Billion pounds | 24.78 % |
| 10 |
Suez Canal Bank |
14.512 Billion pounds | 72.936 Billion pounds | 19.9 % |
| 11 |
Export Development Bank of Egypt-EBank |
14.87 Billion pounds | 84.134 Billion pounds | 17.67 % |
