alBaraka Bank, Faisal Bank, and EBank, Fastest growing listed banks in personal loans in 2023
The List Of First Bank For The Fastest Growing Banks In Personal Loans During last Year Revealed That AlBaraka Bank Topped The List With A Growth Rate Of 96.36%, After Its Total Portfolio Jumped To EGP 7.338 Bn At The End Of December 2023, Compared To EGP 3.737 Bn In December 2022.
The List, Which Included 11 Banks Listed On The Egyptian Stock Exchange, Disclosed That 10 The Banks Under Analysis Achieved Positive Growth Rates In The Total Portfolio Of Their Personal Loans During The Period From January To December 2023 while 1 Bank achieved a decline rate In The Total Portfolio Of its Personal Loans.
The Banks Listed On The Egyptian Stock Exchange Increased The Granting Of Personal Loans To Their Customers By A Growth Rate Of 10.66% And An Increase Of EGP10.357 Bn During The First 9 Months Of The Current Year, To Move The Total Value Of Their Portfolios From EGP97.140 Bn At The End Of December 2022, And Reach EGP107.498 Bn At The End Of September 2023.
Returning To The List, Faisal Islamic Bank Of Egypt Came In Second Place With A Growth Rate Of 96.13% During last Year, After Its Total Portfolio Rose To EGP 577.359 Mn At The End Of December 2023, Compared To EGP 294.381 Mn At The End Of December 2022.
Egyptian Export Development Bank Ranked Third With A Growth Rate Of 67.47% During last Year, After Its Total Personal Loan Portfolio Jumped To EGP 6.332 Bn At The End Of December 2023, Compared To EGP 3.781 Bn At The End Of December 2022.
Suez Canal Bank Ranked Fourth With A Growth Rate Of 38.42% During last Year, After Its Total Personal Loan Portfolio Rose To EGP 3.592 Bn At The End Of December 2023, Compared To EGP 2.595 Bn At The End Of December 2022.
As For The Fifth Place, It Was Obtained By Saib With A Growth Rate Of 31.17% During last Year, After Its Total Personal Loan Portfolio Rose To EGP 10.268 Bn At The End Of December 2023, Compared To EGP 7.828 Bn At The End Of December 2022.
It Is Worth Noting That All The Values And Growth Rates Mentioned In The Analysis Above Are According To Separate Financial Statements Announced For Each Bank, At The End Of December Of The Year 2023.
Fastest growing listed banks in Personal loans during 2023
| # | Bank Name | Value by end of 2023 | Value by end of 2022 | Growth Rate % |
|---|---|---|---|---|
| 1 |
alBaraka Bank Egypt |
7.338 Billion pounds | 3.737 Billion pounds | 96.36 % |
| 2 |
Faisal Islamic Bank of Egypt |
577.359 Million pounds | 294.381 Million pounds | 96.13 % |
| 3 |
Export Development Bank of Egypt-EBank |
6.332 Billion pounds | 3.781 Billion pounds | 67.47 % |
| 4 |
Suez Canal Bank |
3.592 Billion pounds | 2.595 Billion pounds | 38.42 % |
| 5 |
SAIB BANK |
10.268 Billion pounds | 7.828 Billion pounds | 31.17 % |
| 6 |
Abu Dhabi Islamic Bank-ADIB Egypt |
16.971 Billion pounds | 13.561 Billion pounds | 25.15 % |
| 7 |
Qatar National Bank-QNB  |
41.053 Billion pounds | 34.677 Billion pounds | 18.39 % |
| 8 |
Housing and Development Bank-HDB |
12.518 Billion pounds | 11.055 Billion pounds | 13.23 % |
| 9 |
Commercial International Bank-CIB |
42.508 Billion pounds | 40.138 Billion pounds | 5.9 % |
| 10 |
Credit Agricole Egypt |
8.474 Billion pounds | 8.117 Billion pounds | 4.4 % |
| 11 |
EGBANK |
7.698 Billion pounds | 8.012 Billion pounds | -3.92 % |
