Banque Misr, Alex, Banque Du Caire, Faisal Bank and alBaraka, Top banks in focusing on savings certificates by Sep-2023 End
First Bank
According To FirstBank List Of Banks Concentrating On Savings And Deposit Certificates At The End Of September Last Year, Banque Misr Topped The List, With Its Savings Certificate Portfolio Accounting For 50.44% Of Its Total Deposits Valued At EGP 1.85 tn By The End Of September 2023. Meanwhile, The Savings And Deposit Certificate Portfolio Amounted To EGP 933.46 Bn At The Same Period.
The List Reveals The Banking Corporates' Strategies In Shaping Their Deposit Portfolios Among 22 Banks In The Egyptian Banking Sector. The Data Analyzed Focused Specifically On The Issuance Of Savings And Deposit Certificates To Attract More Customers. The List Is Based On The Ratio Of Savings And Deposit Certificates To Total Deposits, Providing An Indicator Of How Much A Bank's Deposit Portfolio Is Concentrated In Savings And Deposit Certificates.
Alex Bank Bank Secured The Second Position With 42.63% Concentration, Amounting To EGP52.61 Bn In Savings And Deposit Certificates Within A Total Deposit Portfolio Valued At EGP 123.42 Bn. Followed By Banque Du Caire, With Concentration Ratio Of 37.8% During The Same Period.
Faisal Islamic Bank In Egypt Ranked Fourth With A Concentration Of 34.76%, Having A Savings Certificate Portfolio Of About EGP45.28 Bn And Total Deposits Of EGP130.27 Bn By The End Of September 2023.
alBaraka Bank Secured The Fifth Position With 34.46% Of Its Deposit Portfolio, Valued At EGP 82.29 Bn, Concentrated In Savings And Deposit Certificates Worth EGP 28.36 Bn By The End Of September 2023.
As For The Sixth Position, It Was Taken By Commercial International Bank (CIB) After 29.10% Of Its Deposit Portfolio, Valued At EGP 665.90 Bn By The End Of September 2023, Was Focused On Savings And Deposit Certificates, Which Recorded EGP 193.79 Bn By The End Of The Same Period.
Abu Dhabi Islamic Bank - Egypt Ranked Seventh, With Its Savings And Deposit Certificates Portfolio Capturing 27.84% Of Its Total Deposits, Valued At EGP 115.31 Bn, While The Value Of The Savings And Deposit Certificates Portfolio Amounted To EGP 32.10 Bn By The End Of September 2023, NBK Egypt Followed With A Concentration Ratio Of 27.83% During The Same Period.
Qatar National Bank -QNB Al Ahli Came In Ninth Place, With Its Savings And Deposit Certificates Portfolio Representing 19.54% Of Its Total Deposits, Valued At EGP 498.34 Bn. The Value Of Its Savings And Deposit Certificates Reached EGP 97.36 Bn By The End Of September 2023.
ABK- Egypt Secured The Tenth Place, With 17.49% Of Its Deposit Portfolio Focused On Savings Certificates And Deposits. The Total Value Of Its Deposit Portfolio Amounted To Around EGP 73.78 Bn, While The Savings Certificates And Deposits Reached EGP 12.91 Bn By September 2023 End, Followed By aiBank With 16.36% By The End Of The Same Period.
It's Worth Mentioning That The Values And Concentration Percentages Mentioned In The Analysis Are Based On Separate Financial Statements Declared By Each Bank At The End Of September 2023.
Top banks in focusing on savings certificates by September -2023 end
| # | Bank Name | savings certificates | Total Customer deposits | Concentration ratio% |
|---|---|---|---|---|
| 1 |
Banque Misr |
933.462 Billion pounds | 1850.494 Billion pounds | 50.44 % |
| 2 |
Bank of Alexandria-Alex Bank |
52.614 Billion pounds | 123.421 Billion pounds | 42.63 % |
| 3 |
Banque Du Caire-BDC |
103.871 Billion pounds | 274.531 Billion pounds | 37.84 % |
| 4 |
Faisal Islamic Bank of Egypt |
45.282 Billion pounds | 130.272 Billion pounds | 34.76 % |
| 5 |
alBaraka Bank Egypt |
28.356 Billion pounds | 82.291 Billion pounds | 34.46 % |
| 6 |
Commercial International Bank-CIB |
193.786 Billion pounds | 665.895 Billion pounds | 29.1 % |
| 7 |
Abu Dhabi Islamic Bank-ADIB Egypt |
32.104 Billion pounds | 115.31 Billion pounds | 27.84 % |
| 8 |
NBK Egypt |
26.365 Billion pounds | 94.724 Billion pounds | 27.83 % |
| 9 |
Qatar National Bank-QNB  |
97.36 Billion pounds | 498.34 Billion pounds | 19.54 % |
| 10 |
Al Ahli Bank of Kuwait Egypt -ABK Egypt |
12.908 Billion pounds | 73.782 Billion pounds | 17.49 % |
| 11 |
BANK NXT |
8.635 Billion pounds | 52.795 Billion pounds | 16.36 % |
| 12 |
Attijariwafa Bank Egypt |
10.924 Billion pounds | 68.381 Billion pounds | 15.98 % |
| 13 |
Export Development Bank of Egypt-EBank |
11.798 Billion pounds | 86.177 Billion pounds | 13.69 % |
| 14 |
SAIB BANK |
11.623 Billion pounds | 85.652 Billion pounds | 13.57 % |
| 15 |
Emirates NBD Egypt |
13.689 Billion pounds | 110.696 Billion pounds | 12.37 % |
| 16 |
Housing and Development Bank-HDB |
11.601 Billion pounds | 95.509 Billion pounds | 12.15 % |
| 17 |
Credit Agricole Egypt |
9.451 Billion pounds | 80.757 Billion pounds | 11.7 % |
| 18 |
EGBANK |
9.489 Billion pounds | 81.22 Billion pounds | 11.68 % |
| 19 |
Abu Dhabi Commercial Bank Egypt- ADCB |
8.769 Billion pounds | 75.728 Billion pounds | 11.58 % |
| 20 |
Suez Canal Bank |
8.69 Billion pounds | 75.116 Billion pounds | 11.57 % |
| 21 |
Al Ahli united bank Egypt |
7.402 Billion pounds | 84.1 Billion pounds | 8.8 % |
| 22 |
arab african international bank |
27.446 Billion pounds | 326.426 Billion pounds | 8.41 % |
