alBaraka Bank, Faisal Bank, and EBank Fastest-growing banks in personal loans during 9M-2023

First Bank List Of The Fastest-Growing Banks In Personal Loans During The First 9M-2023 Revealed That alBaraka Bank Topped The List With A Growth Rate Of 78.22%. The Bank's Personal Loan Portfolio Reached Approximately EGP 6.66 bn By The End Of September 2023, Compared To EGP 3.74 bn By The End Of December 2022.

First Bank List Included 21 Banks Operating In The Egyptian Banking Sector, For Which Financial Data Were Available For Analysis. It Revealed That 19 Banks Achieved Positive Growth Rates In Their Personal Loan Portfolios, While 2 Banks Experienced A Decrease In Their Portfolios During the period from January to September 2023.

Returning To The List, Faisal Islamic Bank Secured The Second Position With A Growth Rate Of 70.11% During The First 9M Of The last Year. Its Total Personal Loan Portfolio Reached EGP 500.76 mn By The End Of September 2023, Compared To EGP 294.38 mn By The End Of December 2022.

EBank Claimed The Third Position With A Growth Rate Of 40.78% During The First 9M-2023. The Bank's Personal Loan Portfolio Reached About EGP5.32 Bn By The End Of September 2023, Compared To EGP3.781 Bn By The End Of December 2022, Followed by Ahli united Bank with a growth rate of 34.35% during the same period.

Suez Canal Bank Secured The Fifth Position After Achieving A Total Personal Loan Portfolio Growth Rate Of 33% During The First 9M-2023, Reaching EGP 3.45 Bn By The End Of September 2023, Compared To EGP2.595 Bn By The End Of December 2022.

aiBANK Came In Sixth Place With A Growth Rate Of 32.26% During The First 9M-2023, Recording A Total Personal Loan Of Approximately EGP 5.584 Bn By The End Of September 2023, Compared To EGP4.222 Bn By The End Of December 2022, Followed By Banque Du Caire With A Growth Rate Of 25.08% During The Same Period.

ABK – Egypt Ranked Eighth  place After Its Personal Loan Portfolio Grew By 21.60% During The First 9M-2023, Reaching EGP 14.44 Bn By The End Of September 2023, Compared To EGP11.87Bn By The End Of December 2022.

Saib Claimed The Ninth Position With A Growth Rate Of 20.95% During The First 9M-2023, As Its Personal Loan Portfolio Increased To EGP 9.47 Bn By The End Of September 2023, Compared To EGP 7.83 Bn By The End Of December 2022.

HD Bank Secured The Tenth Position With A Growth Rate Of 16.5% From January To September Of The last Year. Its Total Personal Loan Portfolio Rose To EGP10.58Bn By The End Of September 2023, Compared To EGP 9.08 Bn By The End Of December 2022, Followed By AAIB With A Growth Rate Of 14.26% During The Same Period.

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