Ahli United Bank, Suez Canal Bank, and EBank, top banks in focusing on investing in corporate loans

FirstBank's list of banks with the highest focus on corporate loans at the end of June revealed that Ahli United Bank topped the list, with its corporate loan portfolio accounting for 94.67% of the bank's total loans, amounting to EGP58 bn by June 2023. Total loan portfolio was EGP 61.267 bn during the same period.

The list reflects the investment trends of 22 banks in the Egyptian banking sector, based on their financial data for analysis, specifically in terms of corporate loans. It provides an indicator of how much the bank's customer loan portfolio is concentrated in corporate loans.

Suez Canal Bank secured the second position with 90.71% of its total customer loans, valued at EGP35.246 bn, concentrated in corporate loans amounting to EGP31.970 bn by June 2023.

Egyptian Export Development Bank (EBank) claimed the third position, with its corporate loan portfolio representing 88.68% of the bank's total customer loans, valued at EGP 52.733 bn. Corporate loan portfolio amounted to EGP46.765 bn by June 2023. Arab African International Bank followed closely with 87.83% by the end of the same period.

NBE secured the fifth position with 87.06% of its total customer loans, amounting to EGP1.722 tn by June 2023, concentrated in a corporate loan portfolio. Total customer loan portfolio of the bank was approximately EGP1.978 tn by the end of the same period.

alBaraka Bank claimed the sixth position with 84.10% of its total customer loans, valued at EGP38.765 bn, concentrated in corporate loans totaling EGP32.601 bn by June 2023. It was followed by National Bank of Kuwait – Egypt with 82.51% by the end of the same period.

Faisal Islamic Bank of Egypt secured the eighth position with 81.27% of its total customer loans, valued at EGP 15.914 bn, concentrated in corporate loans. Corporate loan portfolio amounted to EGP 12.933 bnbby June 2023.

Qatar National Bank Al Ahli claimed the ninth position with 80.97% of its total customer loans, valued at approximately EGP254 bn, concentrated in corporate loans. The corporate loan portfolio was EGP205.6 bn by the end of June 2023.

Commercial International Bank (CIB) Egypt secured the tenth position with 78.94% of its total customer loans concentrated in corporate loans by the end of the same period.

It is worth noting that values and concentration rates mentioned in the analysis are based on separate financial statements announced by each bank at the end of June 2023.