EGBANK, CIB, and EBank, Fastest growing listed banks in corporate loans during the first 9 months of 2023

First Bank list of the fastest-growing banks in corporate loans during the first 9 months of the current year revealed that the Egyptian Gulf Bank topped the list with a growth rate of 24.12%, reaching a total portfolio of EGP24.71 bn by the end of September 2023, compared to EGP19.91 bn at the end of December 2022.

The list, including 11 banks listed on the Egyptian stock exchange, disclosed that all banks achieved positive growth rates in their total corporate loan portfolios during the period from January to September 2023.

 Commercial International Bank – Egypt  secured the second position with a growth rate of 19.75% in its corporate loans during the first 9 months of the current year, reaching EGP198 bn by the end of September 2023, compared to EGP 165.35 bn at the end of December 2022.

Egyptian Export Development Bank  claimed the third position with a growth rate of 17.25% during the first 9 months of the current year, as its total corporate loan portfolio reached EGP 47.23 bn by the end of September 2023, compared to EGP40.28 bn at the end of December 2022.

Qatar National Bank Al Ahli took the fourth position with a growth rate of 12.42% during the first 9 months of the current year, as its total portfolio reached EGP 208.59 bn by the end of September 2023, compared to EGP185.54 bn at the end of December 2022.

Credit Agricole – Egypt ranked fifth with a growth rate of 12.01% during the first 9 months of the current year, reaching a corporate loan portfolio of EGP28.12 bn by the end of September 2023, compared to EGP25.10 bn at the end of December 2022. Following closely is Suez Canal Bank with a growth rate of 11.96% during the same period.

It’s worth noting that all the values and growth rates mentioned in the above analysis are based on separate financial statements announced by each bank at the end of September 2023.