Faisal Bank, CIB, and alBaraka Bank, Top listed banks in focusing on retail deposits by September-2023 end
First Bank
According To The List Provided By FirstBank Of The Most Focused Listed Banks On Retail deposits By The End Of The Previous September, Faisal Islamic Bank Egypt Topped The List. Bank's retail deposits Accounted For 96.28% Of The Total Customer deposits, Amounting To EGP 130.3 Bn By The End Of September 2023 The Bank's Portfolio Of retail Deposits Stood At EGP 125.4 Bn During The Same Period.
The List Reveals The Strategies Of The Banks Listed On The Egyptian Stock Exchange In Structuring Their Deposit Portfolios, Specifically In Terms Of Diversifying Certificate Offerings And Products To Attract More Customers. The List Is Based On The Criterion Of Retail Deposits Divided By Total Deposits, Providing An Indicator Of How Focused A Bank's Deposit Portfolio Is On Retail Deposits.
Commercial International Bank (CIB) Egypt Secured The Second Position, With 54.03% Of Its Deposit Portfolio, Valued At EGP 665.9 Bn By The End Of September 2023, Dedicated To retail Deposits, Which Amounted To EGP 359.8 Bn During The Same Period.
alBaraka Bank Egypt Claimed The Third Position, With 48.61% Of Its Deposit Portfolio, Totaling EGP 82.3 Bn, Dedicated To Retail Deposits Amounting To Approximately EGP 40 Bn By The End Of September 2023.
Abu Dhabi Islamic Bank - Egypt Ranked Fourth, With 48.50% Of Its Total Deposit Portfolio Of EGP 115.3 Bn By The End Of September 2023 Dedicated To Retail Deposits, Which Amounted To EGP 55.9 Bn During The Same Period.
The Fifth Position Went To Housing And Development Bank, With 47.22% Of Its Deposit Portfolio, Valued At EGP 95.5 Bn, Focused On Retail Deposits Amounting To EGP 45.1 Bn By The End Of September 2023.
It's Worth Noting That The Values And Concentration Ratios Mentioned In The Analysis Above Are Based On The Separate Financial Statements Announced By Each Bank As Of September 2023.
Top listed banks in focusing on retail deposits by September -2023 end
| # | Bank Name | Retail deposits By September-2023End | Total deposits By September -2023End | concentration Ratio% |
|---|---|---|---|---|
| 1 |
Faisal Islamic Bank of Egypt |
125.43 Billion pounds | 130.272 Billion pounds | 96.28 % |
| 2 |
Commercial International Bank-CIB |
359.757 Billion pounds | 665.898 Billion pounds | 54.03 % |
| 3 |
alBaraka Bank Egypt |
40.003 Billion pounds | 82.291 Billion pounds | 48.61 % |
| 4 |
Abu Dhabi Islamic Bank-ADIB Egypt |
55.931 Billion pounds | 115.31 Billion pounds | 48.5 % |
| 5 |
Housing and Development Bank-HDB |
45.104 Billion pounds | 95.509 Billion pounds | 47.22 % |
| 6 |
Qatar National Bank-QNB  |
170.468 Billion pounds | 498.34 Billion pounds | 34.21 % |
| 7 |
Credit Agricole Egypt |
24.868 Billion pounds | 80.757 Billion pounds | 30.79 % |
| 8 |
SAIB BANK |
24.463 Billion pounds | 85.652 Billion pounds | 28.56 % |
| 9 |
EGBANK |
19.832 Billion pounds | 81.225 Billion pounds | 24.42 % |
| 10 |
Suez Canal Bank |
14.377 Billion pounds | 75.116 Billion pounds | 19.14 % |
| 11 |
Export Development Bank of Egypt-EBank |
15.35 Billion pounds | 86.177 Billion pounds | 17.81 % |
