alBaraka Bank, saib, and Crédit Agricole bank, Fastest-growing banks in total financial investments during H1-2023

First Bank

10/3/2023 12:54:26 PM

According to First Bank list of the fastest-growing banks. alBaraka bank topped the list with a growth rate of 34.71%, increasing its total portfolio to EGP42.64 bn by the end of June 2023, compared to 31.66 billion by the end of December 2022.

saib secured the second position with a growth rate of 29.36%, reaching a total financial investment of EGP29.08 bn by June 2023, up from EGP22.48 bn by December 2022.

Crédit Agricole - Egypt came in third place with a growth rate of 28.30%, recording EGP16.82 bn by June 2023, compared to EGP13.11 bn by December 2022.

Ahli United Bank - Egypt ranked fourth with a growth rate of 20.62%, increasing its total financial investments to EGP20.46 bn by June 2023, compared to EGP 16.97 bn by December 2022.

Alex Bank secured the fifth position with a growth rate of 19.78%, reaching EGP38.72 bn by June 2023, compared to EGP32.33 bn by December 2022. Attijariwafa bank followed in sixth place with a growth rate of 18.61%, recording a total financial investment of EGP22.82 bn by June 2023, up from EGP 19.24 bn by December 2022.

Arab African International Bank ranked seventh with a growth rate of 18.55% during the same period. QNB Al Ahli Egypt took the eighth position with a growth rate of 11.74% during the first half of this year, reaching a total financial investment of about EGP 195.4 bn by June 2023, compared to EGP 174.9 bn by December 2022.

Emirates NBD - Egypt came in ninth place with a growth rate of 10.97%, increasing its total financial investments to EGP31.29 bn by June 2023, compared to EGP28.20 bn by December 2022. Egyptian Gulf Bank (EGBANK) secured the tenth position with a growth rate of 6.52% during the first half of this year, recording a total investment portfolio of EGP38.22 bn by June 2023, compared to 35.88 bn by December 2022.

It is worth mentioning that all the mentioned values and growth rates are based on separate financial statements announced by each bank at the end of June 2023.

Fastest growing banks in total financial investments during H1-2023

#	Bank Name	Value By-June-2023End	Value By end of 2022	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	29.36 %
3	Credit Agricole Egypt	16.815 Billion pounds	13.106 Billion pounds	28.3 %
4	Al Ahli united bank Egypt	20.463 Billion pounds	16.965 Billion pounds	20.62 %
5	Bank of Alexandria-Alex Bank	38.721 Billion pounds	32.326 Billion pounds	19.78 %
6	Attijariwafa Bank Egypt	22.817 Billion pounds	19.237 Billion pounds	18.61 %
7	arab african international bank	116.415 Billion pounds	98.201 Billion pounds	18.55 %
8	Qatar National Bank-QNB	195.391 Billion pounds	174.86 Billion pounds	11.74 %
9	Emirates NBD Egypt	31.289 Billion pounds	28.197 Billion pounds	10.97 %
10	EGBANK	38.221 Billion pounds	35.881 Billion pounds	6.52 %
11	Banque Du Caire-BDC	107.428 Billion pounds	102.462 Billion pounds	4.85 %
12	Faisal Islamic Bank of Egypt	96.431 Billion pounds	93.849 Billion pounds	2.75 %
13	Commercial International Bank-CIB	233.749 Billion pounds	237.095 Billion pounds	-1.41 %
14	NBK Egypt	32.952 Billion pounds	33.462 Billion pounds	-1.52 %
15	Al Ahli Bank of Kuwait Egypt -ABK Egypt	18.385 Billion pounds	19.516 Billion pounds	-5.8 %
16	Suez Canal Bank	22.948 Billion pounds	24.618 Billion pounds	-6.78 %
17	Export Development Bank of Egypt-EBank	24.697 Billion pounds	26.913 Billion pounds	-8.23 %
18	BANK NXT	20.83 Billion pounds	22.714 Billion pounds	-8.29 %
19	Housing and Development Bank-HDB	26.537 Billion pounds	29.644 Billion pounds	-10.48 %
20	Abu Dhabi Islamic Bank-ADIB Egypt	27.642 Billion pounds	30.892 Billion pounds	-10.52 %
21	Abu Dhabi Commercial Bank Egypt- ADCB	25.724 Billion pounds	30.815 Billion pounds	-16.52 %