ADCB Egypt, EBank, and SC Bank, Top banks in focusing on corporate deposits by September 2023 End
First Bank
Abu Dhabi Commercial Bank ADCB- Egypt, First Bank's List Reveals, Topped The Chart In Terms Of Corporate Deposits Concentration By The End Of September 2023, Its Corporate Deposits Portfolio Accounting For 82.74% Of The Bank's Total Deposits Valued At EGP75.73Bn By September 2023 End. Meanwhile, Corporate Deposits Portfolio Reached EGP 62.66 Bn By The Same Period.
The List Sheds Light On Banks' Strategies In Diversifying Their Deposit Portfolios Among 22 Banks In The Egyptian Banking Sector. The Data Analyzed Focuses On The Diversity In Offering Certificates And Products To Attract More Customers. The List Uses The Criterion Of (Corporate Deposits / Total Deposits) To Indicate The Extent To Which A Bank's Deposit Portfolio Is Concentrated In Corporate Deposits.
Egyptian Exports Development Bank (EBank) Ranked Second, With A Concentration Of 82.19%, As The Bank's Corporate Deposits Portfolio Increased To EGP 70.83 Bn By September 2023End, While The corporate Deposit Portfolio Amounted To EGP60.74Bn By The Same Period.
Suez Canal Bank Secured The Third Position, With A Concentration Of 80.86%, The Bank's Total Deposits recorded EGP 75.12Bn By September 2023 End. Meanwhile, Corporate Deposits Portfolio Reached EGP 60.74 Bn By The Same Period.
Ahli United Bank Of Egypt Claimed The Fourth Spot With A Concentration Of 80.10%, As Its Corporate Deposits Portfolio Increased To EGP66.72 Bn By September 2023, While The Total Deposits Portfolio Amounted To Approximately EGP84.10 Bn By The Same Period.
Egyptian Gulf Bank (EGBANK) ranked Fifth With A Concentration Of 75.59%, Bank's Total Deposits recorded EGP 81.23Bn By September 2023 End. Meanwhile, Corporate Deposits Portfolio Reached EGP 61.39 Bn By The Same Period.
Emirate NBD Came In Sixth Place, With 74.10% Of Its Deposit Portfolio, Totaling EGP 110.70 Bn, Concentrated In Corporate Deposits Valued At EGP 82.02 Bn By The End Of September 2023.
Al Ahli Bank Of Kuwait - Egypt Ranked Seventh On The List, With 73.39% As The Bank's Corporate Deposits Portfolio Increased To EGP 73.78 Bn By September 2023End, While The corporate Deposit Portfolio Amounted To EGP54.15Bn By The Same Period.
In The Eight Position, Saib Obtained A 71.44% Share Of Its Deposit Portfolio, Amounting To EGP 61.2 Bn, From The Bank's Total Deposit Portfolio Of EGP 85.7 Bn By The End Of September 2023. Followed By aiBank, With Concentration Ratio of 71.31% During The Same Period.
Finally, Credit Agricole Egypt Ranked Tenth, With 69.20% Concentration Of Its EGP 80.76 Bn Corporate Deposits, Totaling Around EGP 55.89 Bn By September 2023.
It Is Important To Note That The Values And Concentration Rates Mentioned In The Analysis Are Based On Separate Financial Statements Announced By Each Bank By The End Of September 2023.
Top banks in focusing on corporate deposits by September -2023 end
| # | Bank Name | corporate deposits | total customer deposits | Concentration ratio% |
|---|---|---|---|---|
| 1 |
Abu Dhabi Commercial Bank Egypt- ADCB | 62.66 Billion pounds | 75.728 Billion pounds | 82.74 % |
| 2 |
Export Development Bank of Egypt-EBank | 70.827 Billion pounds | 86.177 Billion pounds | 82.19 % |
| 3 |
Suez Canal Bank | 60.74 Billion pounds | 75.116 Billion pounds | 80.86 % |
| 4 |
Al Ahli united bank Egypt | 66.718 Billion pounds | 84.1 Billion pounds | 79.33 % |
| 5 |
EGBANK | 61.394 Billion pounds | 81.225 Billion pounds | 75.59 % |
| 6 |
Emirates NBD Egypt | 82.024 Billion pounds | 110.696 Billion pounds | 74.1 % |
| 7 |
Al Ahli Bank of Kuwait Egypt -ABK Egypt | 54.151 Billion pounds | 73.782 Billion pounds | 73.39 % |
| 8 |
SAIB BANK | 61.188 Billion pounds | 85.652 Billion pounds | 71.44 % |
| 9 |
BANK NXT | 37.551 Billion pounds | 52.795 Billion pounds | 71.13 % |
| 10 |
Credit Agricole Egypt | 55.888 Billion pounds | 80.757 Billion pounds | 69.21 % |
| 11 |
Qatar National Bank-QNB  | 327.873 Billion pounds | 498.34 Billion pounds | 65.79 % |
| 12 |
Attijariwafa Bank Egypt | 43.796 Billion pounds | 68.381 Billion pounds | 64.05 % |
| 13 |
arab african international bank | 184.251 Billion pounds | 326.426 Billion pounds | 56.44 % |
| 14 |
Housing and Development Bank-HDB | 50.406 Billion pounds | 95.509 Billion pounds | 52.78 % |
| 15 |
NBK Egypt | 49.027 Billion pounds | 94.724 Billion pounds | 51.76 % |
| 16 |
Abu Dhabi Islamic Bank-ADIB Egypt | 59.379 Billion pounds | 115.31 Billion pounds | 51.5 % |
| 17 |
alBaraka Bank Egypt | 42.287 Billion pounds | 82.291 Billion pounds | 51.39 % |
| 18 |
Commercial International Bank-CIB | 306.138 Billion pounds | 665.895 Billion pounds | 45.97 % |
| 19 |
Banque Du Caire-BDC | 115.784 Billion pounds | 274.531 Billion pounds | 42.18 % |
| 20 |
Banque Misr | 615.652 Billion pounds | 1.85 trillion pounds | 33.27 % |
| 21 |
Bank of Alexandria-Alex Bank | 35.54 Billion pounds | 123.421 Billion pounds | 28.8 % |
| 22 |
Faisal Islamic Bank of Egypt | 4.842 Billion pounds | 130.272 Billion pounds | 3.72 % |
