Credit Agricole Bank, QNB ALAHLI, and ADIB, Fastest-growing listed banks in deposits in 2023
First Bank
First Bank List Of Listed Banks With The Fastest Growth In Customer Deposits During last Year Revealed That Credit Agricole Bank – Egypt Topped The List With A Growth Rate Of 39.15%, After Its Total Customer Deposits Increased From EGP 60.49 Bn At The End Of December 2022, To EGP 84.18 Bn By The End Of December 2023.
First Bank List Reveals Total Customer Deposits For 11 Listed Banks On The Egyptian Stock Exchange, Showing Positive Growth Rates In Their Portfolios From January To December 2023.
Returning To The List, QNB ALAHLI Takes The Second Position With A 30.23% Growth during last year, Reaching EGP 530.12 Bn By The End Of December 2023, Compared To EGP 407.07 Bn At The End Of December 2022
ADIB Ranks Third With A 30.06% Growth during last Year, Recording A Total Customer Deposit Portfolio Of Around EGP 127.13 Bn By The End Of December 2023, Compared To EGP 97.74 Bn At The End Of December 2022.
Commercial International Bank (CIB) Secures The Fourth Position On The List With An 27.39% Growth During last Year. Its Total Deposit Portfolio Rose To EGP 675.31 Bn By The End Of December 2023, Compared To EGP 530.13 Bn At The End Of December 2022.
EBank Takes The Fifth Position With A 19.32% Growth During last Year. Its Customer Deposit Portfolio Increased From EGP 72.85 Bn At The End Of December 2022 To EGP 86.93 Bn By The End Of December 2023.
It’s Worth Noting That All Mentioned Values And Growth Rates Are Based On Separate Financial Statements Declared By Each Bank At The End Of 2023.
Fastest growing listed banks in total customer deposits During 2023
# | Bank Name | Value by end of 2023 | Value by end of 2022 | Growth Rate |
---|---|---|---|---|
1 | Credit Agricole Egypt | 84.175 Billion pounds | 60.493 Billion pounds | 39.15 % |
2 | Qatar National Bank-QNB | 530.118 Billion pounds | 407.067 Billion pounds | 30.23 % |
3 | Abu Dhabi Islamic Bank-ADIB Egypt | 127.128 Billion pounds | 97.743 Billion pounds | 30.06 % |
4 | Commercial International Bank-CIB | 675.31 Billion pounds | 530.125 Billion pounds | 27.39 % |
5 | Export Development Bank of Egypt-EBank | 86.933 Billion pounds | 72.854 Billion pounds | 19.32 % |
6 | SAIB BANK | 85.294 Billion pounds | 73.006 Billion pounds | 16.83 % |
7 | alBaraka Bank Egypt | 85.007 Billion pounds | 74.42 Billion pounds | 14.23 % |
8 | Housing and Development Bank-HDB | 101.274 Billion pounds | 89.485 Billion pounds | 13.17 % |
9 | EGBANK | 81.142 Billion pounds | 71.723 Billion pounds | 13.13 % |
10 | Suez Canal Bank | 73.647 Billion pounds | 65.803 Billion pounds | 11.92 % |
11 | Faisal Islamic Bank of Egypt | 130.459 Billion pounds | 123.626 Billion pounds | 5.53 % |