EBank, SC Bank, and EGBANK, Top listed banks in focusing on corporate deposits by end of 2023
First Bank
First Bank Has Revealed A List Of Listed Banks With The Highest Focus On Corporate deposits During 2023, Egyptian Export Development Bank "EBank" Topped The List After 82.24% Of Its Total Customer deposits, Amounting To EGP 86.93 Bn By The End Of December 2023, Were Concentrated In The Corporate deposits Portfolio Valued At EGP 71.49 Bn By The End Of The Same Period.
The List Sheds Light On The Strategies Of Listed Banks In Egypt In Diversifying Their Certificates And Products To Attract More Customers. It Uses The Criterion Of " Corporate Deposits/Total Deposits" To Provide An Indicator Of The Concentration Of A Bank's Deposit Portfolio In Corporate Deposits.
Following Closely In The List, Suez Canal Bank Secured The Second Position With 80.48% Of Its Deposit Portfolio, Worth EGP73.65 Bn, Concentrated In Corporate Deposits Valued At EGP 59.27 Bn At The End Of December 2023.
EGBANK Ranked Third, With 75.71% Of Its Deposit Portfolio, Totaling EGP 81.14 Bn, Focused On Corporate Deposits Valued At Approximately EGP 61.44 Bn By The End Of December 2023.
In The Fourth Position, Saib Obtained A 71.44% Share Of Its Deposit Portfolio, Amounting To EGP 60.94 Bn, From The Bank's Total Deposit Portfolio Of EGP 85.29 Bn By The End Of December 2023.
Credit Agricole Egypt Came In Fifth Place, With 70.79% Of Its Deposit Portfolio, Totaling EGP 84.18 Bn, Concentrated In Corporate Deposits Valued At EGP 59.59 Bn By The End Of December 2023.
It's Important To Note That The Values And Concentration Ratios Mentioned In The Analysis Are Based On The Independent Financial Statements Announced By Each Bank As Of The End Of December 2023.
Top listed banks in focusing on corporate deposits by end of 2023
| # | Bank Name | corporate deposits by end of 2023 | Total deposits by end of 2023 | concentration ratio% |
|---|---|---|---|---|
| 1 |
Export Development Bank of Egypt-EBank |
71.492 Billion pounds | 86.933 Billion pounds | 82.24 % |
| 2 |
Suez Canal Bank |
59.27 Billion pounds | 73.647 Billion pounds | 80.48 % |
| 3 |
EGBANK |
61.436 Billion pounds | 81.142 Billion pounds | 75.71 % |
| 4 |
SAIB BANK |
60.936 Billion pounds | 85.294 Billion pounds | 71.44 % |
| 5 |
Credit Agricole Egypt |
59.585 Billion pounds | 84.175 Billion pounds | 70.79 % |
| 6 |
Qatar National Bank-QNB Al Ahli |
356.741 Billion pounds | 530.118 Billion pounds | 67.29 % |
| 7 |
Abu Dhabi Islamic Bank-ADIB Egypt |
69.409 Billion pounds | 127.128 Billion pounds | 54.6 % |
| 8 |
alBaraka Bank Egypt |
43.336 Billion pounds | 85.007 Billion pounds | 50.98 % |
| 9 |
Housing and Development Bank-HDB |
50.145 Billion pounds | 101.274 Billion pounds | 49.51 % |
| 10 |
Commercial International Bank-CIB |
305.936 Billion pounds | 675.31 Billion pounds | 45.3 % |
| 11 |
Faisal Islamic Bank of Egypt |
4.894 Billion pounds | 130.459 Billion pounds | 3.75 % |
