FAB Egypt, ABK-Egypt, and NBK Egypt, Fastest-growing banks in total customer loans during 9M-2023

First Bank

12/18/2023 12:41:00 PM

First Bank List Of Egyptian Banks With The Fastest Growth In Total Customer Loans During The First 9 months Of The Current Year Revealed That First Abu Dhabi Bank Egypt Topped The List With A Growth Rate Of 69.26%, With A Total Portfolio Of Around EGP82.94 Bn By The End Of September 2023, Compared To EGP49Bn At The End Of December 2022.

The List, Which Included 23 Banks Operating In The Egyptian Banking Sector With Available Financial Data During The Analysis Period, Showed That All Banks Achieved Positive Growth Rates In Their Total Loan Portfolios From January To September 2023.

Al Ahli Bank of Kuwait – Egypt "ABK-Egypt" Came In Second Place With A Growth Rate Of 24.93% During The First 9M Of The Current Year, With A Total Customer Loans Of EGP43.29bn By The End Of September 2023, Compared To EGP 34.65 Bn At The End Of December 2022.

Third Place Was Taken By NBK Egypt With A Growth Rate Of 24.78% During The First 9 months of The Current Year, With A Total Loan Portfolio Of EGP 68.57 Bn By The End Of September 2023, Compared To EGP 54.95 Bn At The End Of December 2022.

As For The Fourth Place, It Was Secured By Arab African International Bank After Achieving A Growth Rate Of 23.42% In Its Total Customer Loan Portfolio During The First 9M Of The Current Year, Reaching EGP 155.68 Bn (Equivalent To $5.029 Bn) By The End Of September 2023, Compared To EGP126.14Bn (Equivalent To $5.089 Bn) At The End Of December 2022, Followed By Attijariwafa Bank With A Growth Rate Of 22.80% During The Same Period.

EBank Ranked Sixth With A Growth Rate Of 20.67% During The First 9M Of The Current Year, As Its Total Customer Loan Portfolio Jumped From EGP 44.82 Bn At The End Of December 2022 To EGP 54.08 Bn By The End Of September 2023,

As For The Seventh Place, It Was Taken By Agricultural Bank Of Egypt After Its Total Customer Loan Portfolio Increased By 19.43% During The First 9M-2023, Reaching EGP72bn By The End Of September 2023, Compared To EGP60.29bn At The End Of December 2022, Followed By Ahli United Bank- Egypt With A Growth Rate Of 18.96% During The Same Period.

Emirates NBD-Egypt Ranked Ninth With A Growth Rate Of 17.79% With A Total Customer Loans Of EGP54.66bn By The End Of September 2023, Compared To EGP 46.40 Bn At The End Of December 2022. Followed By EGBANK With Growth Rate Of 17.04% During The First 9 months Of The Current Year.

It's Worth Noting That All The Mentioned Values And Growth Rates In The Above Analysis Are Based On Separate Financial Statements Issued By Each Bank By The End Of September 2023.

Fastest growing banks in total customer loans At 9M- 2023

#	Bank Name	Total customer loans At 9M-2023	Total customer loans At the end of 2022	Growth Rate%
1	First Abu Dhabi Bank Egypt-FAB	82.935 Billion pounds	49 Billion pounds	69.26 %
2	Al Ahli Bank of Kuwait Egypt -ABK Egypt	43.289 Billion pounds	34.65 Billion pounds	24.93 %
3	NBK Egypt	68.568 Billion pounds	54.95 Billion pounds	24.78 %
4	arab african international bank	155.678 Billion pounds	126.135 Billion pounds	23.42 %
5	Attijariwafa Bank Egypt	39.518 Billion pounds	32.18 Billion pounds	22.8 %
6	Export Development Bank of Egypt-EBank	54.082 Billion pounds	44.817 Billion pounds	20.67 %
7	Agricultural Bank of Egypt	72 Billion pounds	60.288 Billion pounds	19.43 %
8	Al Ahli united bank Egypt	63.637 Billion pounds	53.496 Billion pounds	18.96 %
9	Emirates NBD Egypt	54.659 Billion pounds	46.404 Billion pounds	17.79 %
10	EGBANK	33.294 Billion pounds	28.446 Billion pounds	17.04 %
11	Commercial International Bank-CIB	254.517 Billion pounds	218.633 Billion pounds	16.41 %
12	alBaraka Bank Egypt	40.942 Billion pounds	35.354 Billion pounds	15.81 %
13	BANK NXT	24.14 Billion pounds	20.857 Billion pounds	15.74 %
14	Suez Canal Bank	36.471 Billion pounds	32.137 Billion pounds	13.49 %
15	Qatar National Bank-QNB	259.764 Billion pounds	230.768 Billion pounds	12.57 %
16	Housing and Development Bank-HDB	42.858 Billion pounds	38.163 Billion pounds	12.3 %
17	Arab Banking Corporation- ABC	22.5 Billion pounds	20.3 Billion pounds	10.84 %
18	SAIB BANK	46.467 Billion pounds	41.869 Billion pounds	10.98 %
19	Credit Agricole Egypt	38.527 Billion pounds	35.002 Billion pounds	10.07 %
20	Abu Dhabi Islamic Bank-ADIB Egypt	65.549 Billion pounds	59.677 Billion pounds	9.84 %
21	Abu Dhabi Commercial Bank Egypt- ADCB	34.477 Billion pounds	31.404 Billion pounds	9.79 %
22	Faisal Islamic Bank of Egypt	15.737 Billion pounds	14.546 Billion pounds	8.19 %
23	Bank of Alexandria-Alex Bank	61.527 Billion pounds	59.609 Billion pounds	3.22 %