HD Bank, Credit Agricole Bank, and ADIB Egypt, Fastest growing listed banks in net interest income in 2023
First Bank List Of Fastest-Growing Listed Banks In Net Interest Income Revealed That Housing And Development Bank Topped The List, With A 112.98% Growth Rate In Net Income, Reaching EGP 10.452 Bn In 2023 Compared To EGP 4.907 Bn In 2022.
The Analysis Included 11 Banks Listed On The Egyptian Stock Exchange, All Achieving Positive Growth Rates In Net Interest Income From January To December 2023.
Credit Agricole Egypt Came Second With A Growth Rate Of 95.52% during last year, Recording EGP 7.428 Bn In Net Interest Income During 2023, Compared To EGP 3.799 Bn In 2022.
Abu Dhabi Islamic Bank – Egypt (ADIB) Secured The Third Position With An 85.65% Growth Rate, Registering A Net Interest Income Of EGP 8.786 Bn In 2023, Compared To EGP 4.732 Bn In 2022.
Egyptian Export Development Bank (Ebank) Claimed The Fourth Position With An 77.92% Growth Rate, Reporting A Net Interest Income Of EGP 5.419 Bn In 2023, Compared To EGP 3.045 Bn In 2022.
Suez Canal Bank Ranked Fifth, Achieving A Growth Rate Of 71.56% With A Net Interest Income Of EGP 3.242 Bn In 2023, Compared To EGP 1.89 Bn In 2022.
It’s Worth Noting That All Values And Growth Rates Mentioned Are Based On Separate Declared Financial Statements Of Each Bank at the end of 2023.
Fastest growing listed banks in net interest income 2023
| # | Bank Name | Value At 2023 | Value At 2022 | Growth Rate % |
|---|---|---|---|---|
| 1 |
Housing and Development Bank-HDB |
10.452 Billion pounds | 4.907 Billion pounds | 112.98 % |
| 2 |
Credit Agricole Egypt |
7.428 Billion pounds | 3.799 Billion pounds | 95.52 % |
| 3 |
Abu Dhabi Islamic Bank-ADIB Egypt |
8.786 Billion pounds | 4.732 Billion pounds | 85.65 % |
| 4 |
Export Development Bank of Egypt-EBank |
5.419 Billion pounds | 3.045 Billion pounds | 77.92 % |
| 5 |
Suez Canal Bank |
3.242 Billion pounds | 1.89 Billion pounds | 71.56 % |
| 6 |
Commercial International Bank-CIB |
52.747 Billion pounds | 30.836 Billion pounds | 71.06 % |
| 7 |
Qatar National Bank-QNB  |
30.382 Billion pounds | 19.578 Billion pounds | 55.19 % |
| 8 |
Faisal Islamic Bank of Egypt |
5.951 Billion pounds | 4.424 Billion pounds | 34.52 % |
| 9 |
alBaraka Bank Egypt |
4.371 Billion pounds | 3.435 Billion pounds | 27.24 % |
| 10 |
SAIB BANK |
4.439 Billion pounds | 3.546 Billion pounds | 25.2 % |
| 11 |
EGBANK |
3.649 Billion pounds | 3.04 Billion pounds | 20.02 % |
