Faisal Bank, CIB, and HD Bank, Top listed banks in focusing on retail deposits by end of 2023
First Bank
According To The List Provided By FirstBank Of The Most Focused Listed Banks On Retail Deposits By The End Of The Previous December, Faisal Islamic Bank Egypt Topped The List. Bank's Retail Deposits Accounted For 96.25% Of The Total Customer Deposits, Amounting To EGP 130.5 Bn By The End Of December 2023 The Bank's Portfolio Of Retail Deposits Stood At EGP 125.6 Bn During The Same Period.
The List Reveals The Strategies Of The Banks Listed On The Egyptian Stock Exchange In Structuring Their Deposit Portfolios, Specifically In Terms Of Diversifying Certificate Offerings And Products To Attract More Customers. The List Is Based on The Criterion Of Retail Deposits Divided By Total Deposits, Providing An Indicator Of How Focused A Bank's Deposit Portfolio Is On Retail Deposits.
Commercial International Bank (CIB) Egypt Secured the Second Position, With 54.70% Of Its Deposit Portfolio Valued At EGP 675.3 Bn By The End Of December 2023, Dedicated To Retail Deposits, Which Amounted To EGP 369.4 Bn During The Same Period.
Housing And Development Bank Ranked Third, With 50.49% Of Its Total Deposit Portfolio Of EGP 101.3 Bn By The End Of December 2023 Dedicated To Retail Deposits, Which Amounted To EGP 51.1 Bn During The Same Period.
alBaraka Bank Egypt Claimed The Fourth Position, With 49.02% Of Its Deposit Portfolio, Totaling EGP 85 Bn, Dedicated To Retail Deposits Amounting To Approximately EGP 41.7 Bn By The End Of December 2023.
The Fifth Position Went To Abu Dhabi Islamic Bank – Egypt With 45.40% Of Its Deposit Portfolio, Valued At EGP 127.1 Bn, Focused On Retail Deposits Amounting To EGP 45.40 Bn By The End Of December 2023.
It's Worth Noting That The Values And Concentration Ratios Mentioned In The Analysis Above Are Based On The Separate Financial Statements Announced By Each Bank As Of December 2023.
Top listed banks in focusing on retail deposits by end of 2023
| # | Bank Name | retail deposits by end of 2023 | Total deposits by end of 2023 | Concentration ratio% |
|---|---|---|---|---|
| 1 |
Faisal Islamic Bank of Egypt |
125.565 Billion pounds | 130.459 Billion pounds | 96.25 % |
| 2 |
Commercial International Bank-CIB |
369.374 Billion pounds | 675.31 Billion pounds | 54.7 % |
| 3 |
Housing and Development Bank-HDB |
51.129 Billion pounds | 101.274 Billion pounds | 50.49 % |
| 4 |
alBaraka Bank Egypt |
41.671 Billion pounds | 85.007 Billion pounds | 49.02 % |
| 5 |
Abu Dhabi Islamic Bank-ADIB Egypt |
57.719 Billion pounds | 127.128 Billion pounds | 45.4 % |
| 6 |
Qatar National Bank-QNB Al Ahli |
173.378 Billion pounds | 530.118 Billion pounds | 32.71 % |
| 7 |
Credit Agricole Egypt |
24.59 Billion pounds | 84.175 Billion pounds | 29.2 % |
| 8 |
SAIB BANK |
24.358 Billion pounds | 85.294 Billion pounds | 28.56 % |
| 9 |
EGBANK |
19.706 Billion pounds | 81.142 Billion pounds | 24.29 % |
| 10 |
Suez Canal Bank |
14.377 Billion pounds | 73.647 Billion pounds | 19.52 % |
| 11 |
Export Development Bank of Egypt-EBank |
15.441 Billion pounds | 86.933 Billion pounds | 17.76 % |
