Faisal Bank, alBaraka Bank, and CIB, Top listed banks in focusing on savings certificates by September -2023 end
First Bank
FirstBank List Of Listed Banks With The Highest Focus On Savings And Deposit Certificates At The End Of September of current Year, Revealed That Faisal Islamic Bank Topped The List. It Held 34.76% Of The Bank's Deposits, Valued At EGP 130.27 Bn, In Its Savings And Deposit Certificates Portfolio By The End Of September 2023. Meanwhile, The Savings And Deposit Certificates Portfolio Amounted To EGP 45.28 Bn By The End Of The Same Period.
The List Sheds Light On The Strategies Of The Listed Banks In Structuring Their Deposit Portfolios, Specifically In Terms Of Offering Savings And Deposit Certificates To Attract More Customers.
The List Is Based On The Ratio Of (Savings And Deposit Certificates/Total Deposits) To Provide An Indicator Of The Extent To Which A Bank's Deposit Portfolio Is Concentrated In Savings And Deposit Certificates At The End Of The Analysis Period.
alBaraka Bank Secured The Second Position With 34.46% Of Its Deposit Portfolio, Valued At EGP 82.29 Bn, Concentrated In Savings And Deposit Certificates Worth EGP 28.36 Bn By The End Of September 2023.
As For The Third Position, It Was Taken By Commercial International Bank (CIB) After 29.10% Of Its Deposit Portfolio, Valued At EGP 665.90 Bn By The End Of September 2023, Was Focused On Savings And Deposit Certificates, Which Recorded EGP 193.79 Bn By The End Of The Same Period.
Abu Dhabi Islamic Bank - Egypt Ranked Fourth, With Its Savings And Deposit Certificates Portfolio Capturing 27.84% Of Its Total Deposits, Valued At EGP 115.31 Bn, While The Value Of The Savings And Deposit Certificates Portfolio Amounted To EGP 32.10 Bn By The End Of September 2023
Qatar National Bank -QNB Al Ahli Came In Fifth Place, With Its Savings And Deposit Certificates Portfolio Representing 19.54% Of Its Total Deposits, Valued At EGP 498.34 Bn. The Value Of Its Savings And Deposit Certificates Reached EGP 97.36 Bn By The End Of September 2023, Followed By EBank With 13.69% By The End Of The Same Period.
It Should Be Noted That The Values And Concentration Percentages Mentioned In The Analysis Above Are Based On Separate Financial Statements Announced By Each Bank At The End Of September 2023.
Top listed banks in focusing on savings certificates by September 2023 end
| # | Bank Name | savings certificates by September 2023 end | Total deposits by September 2023 end | Concentration ratios % |
|---|---|---|---|---|
| 1 |
Faisal Islamic Bank of Egypt |
45.282 Billion pounds | 130.272 Billion pounds | 34.76 % |
| 2 |
alBaraka Bank Egypt |
28.356 Billion pounds | 82.291 Billion pounds | 34.46 % |
| 3 |
Commercial International Bank-CIB |
193.786 Billion pounds | 665.895 Billion pounds | 29.1 % |
| 4 |
Abu Dhabi Islamic Bank-ADIB Egypt |
32.104 Billion pounds | 115.31 Billion pounds | 27.84 % |
| 5 |
Qatar National Bank-QNB Al Ahli |
97.36 Billion pounds | 498.34 Billion pounds | 19.54 % |
| 6 |
Export Development Bank of Egypt-EBank |
11.798 Billion pounds | 86.177 Billion pounds | 13.69 % |
| 7 |
SAIB BANK |
11.623 Billion pounds | 85.652 Billion pounds | 13.57 % |
| 8 |
Housing and Development Bank-HDB |
11.601 Billion pounds | 95.509 Billion pounds | 12.15 % |
| 9 |
Credit Agricole Egypt |
9.451 Billion pounds | 80.757 Billion pounds | 11.7 % |
| 10 |
EGBANK |
9.489 Billion pounds | 81.225 Billion pounds | 11.68 % |
| 11 |
Suez Canal Bank |
8.69 Billion pounds | 75.116 Billion pounds | 11.57 % |
