CIB, QNB ALAHLI and EBank: Top listed banks on First Bank credit competitiveness index during 2023

First Bank Credit Competitiveness Index For Listed Banks during the last Year Revealed Commercial International Bank – “CIB” Securing The First Position On The Index. The Bank's Total Loans And Facilities For Its Customers Increased To 265.10 Bn Tn By The End Of December 2023, Compared To EGP 218.63 Bn By The End Of December 2022, Marking An Increase Of Approximately EGP 46.47 Bn.

The Index Noted A Overall Increase In The Total Loans And Facilities Portfolios Of 11 Listed Banks On The Egyptian Stock Exchange, With All Banks Collectively Increasing By EGP 141.81 Bn From January To December 2023.

First Bank Credit Competitiveness Index Measures The Ability Of Listed Banks On The Egyptian Stock Exchange To Offer Credit Or Loan Products To Attract Customers, Both Individuals And Companies. It Relies On The Absolute Value Of Growth In The Total Customer Loans, Reflecting The Bank’s Success In Building Its Portfolio.

Qatar National Bank – QNB Al Ahli Secured The Second Position, Its Total Loans And Facilities For Customers Increasing By EGP 37.81Bn During The Last Year, Reaching EGP 268.58 Bn By The End Of December 2023, Compared To EGP 230.77 Bn By The End Of December 2022.

Egyptian Export Development Bank-EBank Took The Third Position, With Its Total Loan And Facility Portfolio Reaching EGP 54.62 Bn By The End Of December 2023, Compared To EGP 44.82 Bn By The End Of December 2022, an Increase Of EGP 9.80 Bn During 2023.

alBaraka Bank Claimed The Fourth Position, With A Total Loans And Facilities Portfolio Of EGP 43.65 Bn by The End Of December 2023. Compared To EGP 35.35 Bn By The End Of December 2022, A Increase Of EGP 8.29 Bn.

ADIB Egypt Claimed The Fifth Position With A Total Loans And Facilities Portfolio Of EGP 67.96 Bn By The End Of December 2023 Compared To EGP 59.68 Bn By The End Of December 2022, with an Increase Of EGP 8.28 Bn.

It’s Important To Note That All Absolute Values And Growth Figures Mentioned Above Are Based On Separate Financial Statements Announced By Each Bank At The End Of December 2023.