Top banks on First Bank credit competitiveness index during 9M-2023: NBE in the lead

First Bank Credit Competitiveness Index For Egyptian Banks In The First 9 months Of The last Year Revealed NBE Securing The First Position On The Index. The Bank's Total Loans And Facilities For Its Customers Increased To EGP 2.264Tn By The End Of September 2023, Compared To EGP 1.729 Tn By The End Of December 2022, Marking An Increase Of Approximately EGP 534.9 Bn.

First Bank Index Measures Banks' Ability To Offer Credit Or Loan Products To Attract Customers, Both Individuals And Companies. It Is Based On The Absolute Value Of Growth In The Loan Portfolio, Reflecting The Bank's Success In Increasing Its Loan Portfolio.

Banque Misr Secured The second Position, With Its Total Loans And Facilities For Customers Increasing By EGP 202 Bn During The First 9 Months of The last Year, Reaching EGP 912.7 Bn By The End Of September 2023, Compared To EGP 710.7 Bn By The End Of December 2022.

CIB Took The Third Position, With Its Total Loan And Facility Portfolio Reaching EGP 254.5 Bn By The End Of September 2023, Compared To EGP218.6 Bn By The End Of December 2022, A Increase Of EGP35.9Bn During The 9 months Of last Year.

Arab African International Bank Came Fourth, With An Increase Of EGP 29.5 Bn In Its Total Portfolio During The First 9M Of The last Year, Reaching EGP155.7Bn By The End Of September 2023, Compared To EGP126.1 Bn By The End Of December 2022.

QNB Al Ahli Secured The Fifth Position With An Increase Of EGP 29 Bn In Its Total Loan Portfolio During The First 9 months Of The last Year, Reaching Around EGP 259.8 Bn By The End Of September 2023, Compared To EGP230.8 Bn By The End Of December 2022, Followed By Bank Du Caire With An Increase Of About EGP 28.05 Bn During The Same Period.

National Bank Of Kuwait - Egypt Took The Seventh Position After Its Total Loan Portfolio Increased By Approximately EGP13.6Bn During The First 9 months of last Year, Recording EGP68.6 Bn By The End Of September 2023, Compared To EGP55 Bn By The End Of December 2022.

Agriculture Bank of Egypt Ranked Eighth Position With An Increase value EGP 12.2 Bn In Its Total Loan Portfolio During The First 9 months Of The last Year, Reaching Around EGP 76.2 Bn By The End Of September 2023, Compared To EGP64 Bn By The End Of December 2022,

Ahli United Bank - Egypt Ranked Ninth With A Growth Value Of EGP 10.1 Bn During The First 9 months of The last Year, Recording A Total Of EGP63.6 Bn In Loans And Facilities For Its Customers By The End Of September 2023, Compared To EGP 53.5 Bn By The End Of December 2021.

Egyptian Export Development Bank 'EBank' Ranked Tenth With A Growth Value Of EGP9.3Bn In Its Total Customer Loan Portfolio During The First 9 months of last Year, Rising To EGP54.1Bn By The End Of September 2023, Compared To EGP 44.8 Bn By The End Of December 2022.

It Is Worth Mentioning That All The Absolute Values And Growth Figures Mentioned Above Are Based On The Separate Financial Statements Announced By Each Bank At The End Of The Financial Period Ending In September 2023.