ADCB Egypt, EBank, and SC Bank, Top banks in focusing on corporate deposits by September 2023 End

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.