EBank, Crédit Agricole, and ADIB-Egypt, Fastest-growing banks in mortgage loans during 9M-2023
First Bank
According To FirstBank List Of Fastest-Growing Banks In Mortgage Loans, EBank Topped The List With A Growth Rate Of 72% during 9M-2023. The Bank's Mortgage Loan Portfolio Increased To EGP 731.85 Mn By The End Of September 2023, Compared To EGP 425.76 Mn By The End Of December 2022.
Crédit Agricole - Egypt Secured The Second Position With a Growth Rate of 69.8%, Reaching EGP 825.6 Mn By September 2023, Up From EGP 486 Mn at the end of December 2022.
Abu Dhabi Islamic Bank - Egypt Came In Third, Recording A Growth Rate Of 68.95%, With Its Total Portfolio Reaching EGP 414.5 Mn By September 2023 End, Compared To EGP245.4 Mn By December 2022.
NBK - Egypt Ranked Fourth With A 61.37% Growth Rate, Increasing Its Total Mortgage Loan Portfolio To EGP 1.039 bn By September 2023 From EGP643.9 Mn By December 2022 Banque Du Caire Followed With A Growth Rate Of 50.36% During The Same Period.
aiBank Claimed The sixth Position With A Growth Rate of 40.06%, Totaling EGP 883.4 Mn In Its Mortgage Loan Portfolio By September 2023, Up From EGP 630.7 Mn By December 2022.
AAIB Secured The Seventh Position With A Growth Rate 38.6%, Reaching EGP 2.570 Bn By September 2023 End, Compared To EGP 1.854 Bn By December 2022. Banque Misr Followed With A Growth Rate Of 22.37% During The Same Period.
Commercial International Bank – Egypt “CIB” Managed To Secure The Ninth Position With A Growth Rate Of 20.06% During The First 9 Months Of last Year, With Its Total Mortgage Loan Portfolio Reaching EGP 4.070 Bn By The End Of September 2023, Compared To EGP 3.390 Bn At The End Of December 2022.
Qatar National Bank Al Ahli (QNB) Ranked Ninth With A Growth Rate Of 17.51%, Reaching Approximately EGP 5.607 bn In Its Mortgage Loan Portfolio By September 2023, Up From EGP 4.771 bn By December 2022.
It Is Worth Mentioning That All The Mentioned Values And Growth Rates In The Analysis Above Are Based On Separate Financial Statements Announced By Each Bank By The End Of September 2023.
Fastest growing banks in Mortgage loans during 9M- 2023
| # | Bank Name | Value At 9M-2023 | Value at the end of 2022 | growth rate % |
|---|---|---|---|---|
| 1 |
Export Development Bank of Egypt-EBank |
731.855 Million pounds | 425.765 Million pounds | 71.9 % |
| 2 |
Credit Agricole Egypt |
825.557 Million pounds | 486.036 Million pounds | 69.86 % |
| 3 |
Abu Dhabi Islamic Bank-ADIB Egypt |
414.513 Million pounds | 245.351 Million pounds | 68.95 % |
| 4 |
NBK Egypt |
1.039 Billion pounds | 643.857 Million pounds | 61.37 % |
| 5 |
Banque Du Caire-BDC |
4.942 Billion pounds | 3.287 billion pounds | 50.36 % |
| 6 |
Arab Investment Bank- aiBANK |
883.431 Million pounds | 630.737 Million pounds | 40.06 % |
| 7 |
arab african international bank |
2.57 Billion pounds | 1.854 Billion pounds | 38.61 % |
| 8 |
Banque Misr |
17.068 Billion pounds | 13.835 Billion pounds | 23.37 % |
| 9 |
Commercial International Bank-CIB |
4.07 Billion pounds | 3.39 Billion pounds | 20.06 % |
| 10 |
Qatar National Bank-QNB Al Ahli |
5.607 Billion pounds | 4.771 Billion pounds | 17.51 % |
| 11 |
EGBANK |
388.25 Million pounds | 338.453 Million pounds | 14.71 % |
| 12 |
Housing and Development Bank-HDB |
12.212 Billion pounds | 11.056 Billion pounds | 10.46 % |
| 13 |
Faisal Islamic Bank of Egypt |
1.24 billion pounds | 1.157 Billion pounds | 7.4 % |
| 14 |
Abu Dhabi Commercial Bank Egypt- ADCB |
174.211 Million pounds | 187.398 Million pounds | -7.04 % |
| 15 |
Bank of Alexandria-Alex Bank |
2.798 Million pounds | 3.662 Million pounds | -23.59 % |
| 16 |
SAIB BANK |
1.054 billion pounds | 1.555 Billion pounds | -32.22 % |
| 17 |
alBaraka Bank Egypt |
217.969 Million pounds | 554.475 Million pounds | -60.7 % |
