EBank, ADIB-Egypt, and Crédit Agricole Bank, Fastest-growing banks in mortgage loans during H1-2023
First Bank
According to FirstBank list of fastest-growing banks in mortgage loans, Ebank topped the list with a growth rate of 48.25% in the first half of the current year.
The bank's total loan portfolio increased to EGP631.2 mn by the end of June 2023, compared to EGP425.8 mn by the end of December 2022.
Abu Dhabi Islamic Bank - Egypt secured the second position with a 46.25% growth rate, reaching EGP358.8 mn by June 2023, up from EGP245.4 mn by December 2022.
Crédit Agricole - Egypt came in third, recording a growth rate of 45.10%, with its total loan portfolio reaching EGP 705.2 mn by June 2023, compared to EGP486 mn by December 2022.
NBK - Egypt ranked fourth with a 45.10% growth rate, increasing its total loan portfolio to EGP928.6 mn by June 2023 from EGP643.9 mn by December 2022.
AAIB secured the fifth position with a 32.56% growth rate, reaching EGP2.457 bn by June 2023, compared to EGP 1.854 bn by December 2022.
Banque du caire followed with a growth rate of 24.86% during the same period.
aiBank claimed the seventh position with a 21.46% growth rate, totaling EGP766.1 mn in its loan portfolio by June 2023, up from EGP630.7 mn by December 2022.
CIB secured the eighth position with a 15% growth rate, reaching EGP3.898 bn in its total loan portfolio by June 2023, compared to EGP 3.39 bn by December 2022.
Qatar National Bank Al Ahli (QNB) followed with a growth rate of 13.42% during the same period.
Egyptian Gulf Bank (EGBANK) ranked ninth with a growth rate of 11.30%, reaching approximately EGP 376.7 mn in its mortgage loan portfolio by June 2023, up from EGP 338.5 mn by December 2022.
It is worth mentioning that all the mentioned values and growth rates in the analysis above are based on separate financial statements announced by each bank by the end of June 2023.
Fastest growing banks in Mortgage loans during H1- 2023
| # | Bank Name | Value By-June-2023End | Value By end of 2022 | Growth Rate% |
|---|---|---|---|---|
| 1 |
Export Development Bank of Egypt-EBank |
631.205 Million pounds | 425.765 Million pounds | 48.25 % |
| 2 |
Abu Dhabi Islamic Bank-ADIB Egypt |
358.824 Million pounds | 245.351 Million pounds | 46.25 % |
| 3 |
Credit Agricole Egypt |
705.229 Million pounds | 486.036 Million pounds | 45.1 % |
| 4 |
NBK Egypt |
928.592 Million pounds | 643.857 Million pounds | 44.22 % |
| 5 |
arab african international bank |
2.457 Billion pounds | 1.854 Billion pounds | 32.56 % |
| 6 |
Banque Du Caire-BDC |
4.104 Billion pounds | 3.287 Billion pounds | 24.86 % |
| 7 |
Arab Investment Bank- aiBANK |
766.093 Million pounds | 630.737 Million pounds | 21.46 % |
| 8 |
Commercial International Bank-CIB |
3.898 Billion pounds | 3.39 Billion pounds | 15 % |
| 9 |
Qatar National Bank-QNB Al Ahli |
5.412 Billion pounds | 4.771 Billion pounds | 13.42 % |
| 10 |
EGBANK |
376.697 Million pounds | 338.453 Million pounds | 11.3 % |
| 11 |
Faisal Islamic Bank of Egypt |
1.241 Billion pounds | 1.157 Billion pounds | 7.22 % |
| 12 |
Housing and Development Bank-HDB |
11.845 Billion pounds | 11.056 Billion pounds | 7.14 % |
| 13 |
Abu Dhabi Commercial Bank Egypt- ADCB |
176.428 Million pounds | 187.398 Million pounds | -5.85 % |
| 14 |
Bank of Alexandria-Alex Bank |
3.195 Million pounds | 3.662 Million pounds | -12.75 % |
| 15 |
alBaraka Bank Egypt |
357.252 Million pounds | 554.475 Million pounds | -35.57 % |
| 16 |
SAIB BANK |
965.849 Million pounds | 1.555 Billion pounds | -37.88 |
