alBaraka Bank, EBank, and Suez Canal Bank, Fastest-growing listed banks in retail loans At 9M- 2023
First Bank
According to First Bank list of the fastest-growing listed banks in retail loans, alBaraka Bank topped the list with a growth rate of 60.12%, reaching a total portfolio of EGP6.919 bn by the end of September 2023, compared to EGP4.321 bn by the end of December 2022.
The list, including 11 banks listed on the Egyptian Stock Exchange, reveals positive growth rates in retail loan portfolios for all banks analyzed during the period from January to September 2023.
EBank secured the second position with a growth rate of 51.09%, reaching a total retail loan portfolio of EGP6.852 bn by the end of September 2023, compared to EGP4.535 bn by the end of December 2022.
Suez Canal Bank claimed the third position with a growth rate of 29.67%, registering EGP3.575 bn in retail loans by the end of September 2023, compared to EGP2.757 bn by the end of December 2022.
Faisal Islamic Egyptian Bank ranked fourth with a growth rate of 23.68%, reaching a total retail loan portfolio of EGP3.102 bn by the end of September 2023, compared to EGP2.508 bn by the end of December 2022.
The fifth position was secured by the Housing and Development Bank, with a growth rate of 13.44%, recording EGP24.043 bn in individual loans by the end of September 2023, compared to EGP21.194 bn by the end of December 2022.
It’s worth noting that all values and growth rates mentioned in the analysis are based on separate financial statements announced by each bank as of September 2023.
Fastest growing listed banks in retail loans during 9M-2023
| # | Bank Name | Value By Sep-2023End | Value By Dec-2022End | Growth Rate% |
|---|---|---|---|---|
| 1 |
alBaraka Bank Egypt |
6.919 Billion pounds | 4.321 Billion pounds | 60.12 % |
| 2 |
Export Development Bank of Egypt-EBank |
6.852 Billion pounds | 4.535 Billion pounds | 51.09 % |
| 3 |
Suez Canal Bank |
3.575 Billion pounds | 2.757 Billion pounds | 29.67 % |
| 4 |
Faisal Islamic Bank of Egypt |
3.102 Billion pounds | 2.508 Billion pounds | 23.68 % |
| 5 |
Housing and Development Bank-HDB |
24.043 Billion pounds | 21.194 Billion pounds | 13.44 % |
| 6 |
Qatar National Bank-QNB Al Ahli |
51.171 Billion pounds | 45.227 Billion pounds | 13.14 % |
| 7 |
Abu Dhabi Islamic Bank-ADIB Egypt |
16.021 Billion pounds | 14.391 Billion pounds | 11.33 % |
| 8 |
SAIB BANK |
11.985 Billion pounds | 10.969 Billion pounds | 9.26 % |
| 9 |
Commercial International Bank-CIB |
56.522 Billion pounds | 53.287 Billion pounds | 6.07 % |
| 10 |
Credit Agricole Egypt |
10.409 Billion pounds | 9.899 Billion pounds | 5.15 % |
| 11 |
EGBANK |
8.588 Billion pounds | 8.541 Billion pounds | 0.55 % |
