FABMISR, HD Bank, and AAIB, Top fastest-growing banks in net interest income At 9M-2023

First Bank

12/21/2023 11:34:00 AM

FirstBank List Of The Fastest-Growing Banks In Net Interest Income During The First 9 Months Of The Current Year Revealed That FAB Egypt Topped The List, as its Net Interest Income Jumping By 120%, Recording EGP 11 Bn during The First 9 months Of 2023, Compared To EGP 5.004 Bn during the same period Of 2022.

The List Included 21 Banks Operating In The Egyptian Banking Sector, All Of Which Achieved Positive Growth Rates In Net interest Income From January To September 2023.

Returning To The List, HD Bank Took The Second Position With A Growth Rate Of 114.2%, Recording A Net interest Income Of EGP 7.3 Bn In The First 9M Of 2023, Compared To EGP 3.4 Bn In The First Half Of 2022.

AAIB Claimed The Third Position With A Growth Rate Of 106%, As Its Net Income From Returns Increased To EGP 11.1 Bn During the First 9 months of 2023, Compared To EGP 5.4 Bn In The same period Of 2022. Credit Agricole Egypt Followed With A Growth Rate Of 101.3% During The Same Period.

NBK- Egypt Ranked Fifth With A Growth Rate Of 89.5%, Recording A Net Interest Income Of Approximately EGP 5 Bn At The First 9M-2023, Compared To EGP 2.6 Bn During The Same Period. Followed by Abu Dhabi Islamic Bank - Egypt with A Growth Rate Of 87.4% During The Same Period.

Ebank, Secured The Seventh Position With A Net Interest Income 82.4%, Recording EGP EGP3.8Bn In The First 9M Of 2023, Compared To EGP 2.1 Bn In The Same Period In 2022.

Suez Canal Bank Secured The Eighth Position With A Net Income Growth Rate Of 74.4%, Recording EGP 2.3 Bn In The First 9M- 2023, Compared To EGP 1.3 bn. During The Same Period of 2022.

CIB - Egypt Ranked Ninth With A Growth Rate Of 73.1%, As Its Net Interest Income From Returns Increased To EGP 37.6 Bn During The First 9M Of 2023, Compared To EGP 21.7 Bn In The Same Period In 2022.

ADCB Egypt Claimed The Tenth Position With A Growth Rate Of 71.02%, Recording Net Income Of EGP 3.2 Bn In The First Half Of 2023, Compared To EGP 1.9 Bn During The Same Period of 2022.

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

Fastest growing banks in net interest income At 9M-2023

#	Bank Name	net interest income At 9M-2023	net interest income At 9M-2022	Growth rate%
1	First Abu Dhabi Bank Egypt-FAB	11.009 Billion pounds	5.004 Billion pounds	120 %
2	Housing and Development Bank-HDB	7.299 Billion pounds	3.408 Billion pounds	114.18 %
3	arab african international bank	11.054 Billion pounds	5.36 Billion pounds	106 %
4	Credit Agricole Egypt	5.221 Billion pounds	2.594 Billion pounds	101.28 %
5	NBK Egypt	4.98 Billion pounds	2.628 Billion pounds	89.47 %
6	Abu Dhabi Islamic Bank-ADIB Egypt	6.146 Billion pounds	3.28 Billion pounds	87.36 %
7	Export Development Bank of Egypt-EBank	3.793 Billion pounds	2.08 Billion pounds	82.41 %
8	Suez Canal Bank	2.323 Billion pounds	1.332 Billion pounds	74.4 %
9	Commercial International Bank-CIB	37.587 Billion pounds	21.711 Billion pounds	73.13 %
10	Abu Dhabi Commercial Bank Egypt- ADCB	3.209 Billion pounds	1.877 Billion pounds	71.02 %
11	Al Ahli united bank Egypt	3.556 Billion pounds	2.103 Billion pounds	69.13 %
12	Emirates NBD Egypt	5.126 Billion pounds	3.06 Billion pounds	67.55 %
13	Attijariwafa Bank Egypt	3.052 Billion pounds	1.827 Billion pounds	67.04 %
14	Bank of Alexandria-Alex Bank	8.508 Billion pounds	5.098 Billion pounds	66.87 %
15	Qatar National Bank-QNB	21.63 Billion pounds	13.8 Billion pounds	56.74 %
16	SAIB BANK	3.185 Billion pounds	2.074 Billion pounds	53.61 %
17	Al Ahli Bank of Kuwait Egypt -ABK Egypt	2.859 Billion pounds	1.964 Billion pounds	45.9 %
18	BANK NXT	1.802 Billion pounds	1.282 Billion pounds	40.58 %
19	Faisal Islamic Bank of Egypt	4.319 Billion pounds	3.251 Billion pounds	32.86 %
20	alBaraka Bank Egypt	3.233 Billion pounds	2.491 Billion pounds	29.8 %
21	EGBANK	2.647 Billion pounds	2.163 Billion pounds	22.34 %