EBank, Suez Canal Bank, and EGBANK, Top listed banks in focusing on corporate deposits by September -2023 End

First Bank List Of The Banks With The Highest Focus On Corporate Deposits Revealed That Egyptian Export Development Bank "EBank" Topped The List With Its Corporate Deposits Portfolio, Which Accounted For 82.19% Of Its Total Deposits, Amounting To EGP 70.8 Bn, Of Total Deposits Value Of EGP 86.2 Bn By The End Of September 2023.

The List Sheds Light On The Strategies Of Listed Banks In Egypt In Diversifying Their Certificates And Products To Attract More Customers. It Uses The Criterion Of " Corporate Deposits/Total Deposits" To Provide An Indicator Of The Concentration Of A Bank's Deposit Portfolio In Corporate Deposits.

Following Closely In The List, Suez Canal Bank Secured The Second Position With 80.86% Of Its Deposit Portfolio, Worth EGP75.1 Bn, Concentrated In Corporate Deposits Valued At EGP 60.7 Bn At The End Of September 2023.

EGBANK Ranked Third, With 75.58% Of Its Deposit Portfolio, Totaling EGP 81.2 Bn, Focused On Corporate Deposits Valued At Approximately EGP 61.4 Bn By The End Of September 2023.

In The Fourth Position, Saib Obtained A 71.44% Share Of Its Deposit Portfolio, Amounting To EGP 61.2 Bn, From The Bank's Total Deposit Portfolio Of EGP 85.7 Bn By The End Of September 2023.

Credit Agricole Egypt Came In Fifth Place, With 69.21% Of Its Deposit Portfolio, Totaling EGP 80.8 Bn, Concentrated In Corporate Deposits Valued At EGP 55.9 Bn By The End Of September 2023, followed by QNB Al Ahli, HD Bank, with concentration ratios 65.79%, 52.78% respectively During the same period.

It's Important To Note That The Values And Concentration ratios Mentioned In The Analysis Are Based On The Independent Financial Statements Announced By Each Bank As Of The End Of September 2023.