EBank, EGBANK, and Suez Canal Bank, Fastest growing listed banks in net fees and commissions income in 2023

First Bank List Of Fastest-Growing Banks In Net Fees And Commissions Income in 2023 Revealed That Egyptian Export Development Bank Topped The List With A Growth Rate Of 177.78%, Reaching Approximately EGP 1.441 Bn In 2023, Compared To EGP 518.806 Mn In 2022.

The List, Comprising 10 Banks Listed On The Egyptian Stock Exchange, Disclosed That All Banks Achieved Positive Growth Rates In Net Fees And Commissions Income From January To December 2023. Faisal Islamic Bank Was Absent From The List For Not Disclosing Net Fees And Commissions Income.

Egyptian Gulf Bank Secured The Second Position With A Growth Rate Of 132.24% during last year, Achieving A Net Income Of About EGP 662.209 Mn In 2023, Compared To EGP 285.142 Mn In 2022.

Suez Canal Bank Came In Third Place, With A Growth Rate Of 123.01%during last year, Recording Approximately EGP 660.680 Mn In Net Fees And Commissions Income In 2023, Compared To EGP 296.251 Mn In 2022.

Commercial International Bank Ranked Fourth, Achieving A Growth Rate Of 77.26% during last year, Recording EGP 5.434 Bn In Net Fees And Commissions Income In 2023, Compared To EGP 3.066 bn In 2022.

Credit Agricole Egypt Secured The Fifth Position, With A Growth Rate Of 74.44% In Net Fees And Commissions Income in 2023, Reaching Approximately EGP 1.444 Bn In 2023, Compared To EGP 827.849 mn In 2022.

It’s Worth Noting That All The Mentioned Values And Growth Rates In The Analysis Above Are Based On Separate Financial Statements Announced By Each Bank in 2023.