SC Bank, Faisal Bank, and EBank Top Listed Banks in Asset Coverage Ratio for Deposits by end of 2023

First Bank List For Top Listed Banks In Asset Coverage Ratio For Deposits Revealed Suez Canal Bank As The Leader With A Coverage Ratio Of 139.77%. The Bank's Total Assets Amounted To EGP 103 Bn, While Deposits Reached EGP 73.6 Bn By The End Of December 2023.

The List, Which Included 11 Banks Listed On The Egyptian Stock Exchange By The End Of 2023, Revealed That All Banks Enjoyed Strong Ratios In Covering Their Customers' Deposits By December -2023End.

Asset Coverage Ratio For Deposits Reflects The Banks' Ability To Cover Their Customers' Deposits Using Their Asset Portfolios. It Is Classified Based On The Ratio (Assets/Deposits) × 100, And A Higher Ratio Indicates A High Level Of Security Provided By The Bank To Its Depositors Across Various Segments.

Faisal Islamic Bank Secured The Second Position After Registering An Asset Coverage Ratio For Deposits Of 135.65%. The Bank's Total Assets Reached EGP 177 Bn By The End Of December 2023, While Its Deposit Portfolio Recorded EGP 130.5 Bn During The Same Period.

EBank Ranked Third With An Asset Coverage Ratio For Deposits Of 134.30% By The End Of December 2023. The Value Of Its Asset Portfolio Rose To EGP 116.8 Bn, While Its Deposits Reached EGP 87 Bn During The Same Period.

Saib Claimed The Fourth Position With An Asset Coverage Ratio For Deposits Of 126.40% By The End Of 2023. Its Asset Size Reached EGP 107.8 Bn, And Its Deposit Portfolio Amounted To EGP 85.3 Bn By The End Of December 2023.

ADIB Egypt Ranked Fifth With An Asset Coverage Ratio For Deposits Of 126.37%. Total Asset Portfolio Reached EGP 160.6 Bn, While Deposit Portfolio Amounted To EGP 127.1 Bn By The End Of December 2023.

It Should Be Noted That All Values And Coverage Ratios Mentioned In The Above Analysis Are Based On Separate Financial Statements Announced By Each Bank By The End Of December 2023.