FABMISR, HD Bank, and credit Agricole, Top fastest-growing banks in net interest income during 2023
First Bank
FirstBank List of The Fastest-Growing Banks In Net Interest Income During The last Year Revealed That FAB Egypt Topped The List, As Its Net Interest Income Jumping By 125%, Recording EGP 16 Bn During 2023, Compared To EGP 7.11 Bn During 2022.
The List Included 20 Banks Operating In The Egyptian Banking Sector, All Of Which Achieved Positive Growth Rates In Net Interest Income From January To December 2023.
Returning To The List, HD Bank Took The Second Position With A Growth Rate Of 113%, Recording A Net Interest Income Of EGP 10.45 Bn In 2023, Compared To EGP 3.80 Bn during 2022.
Credit Agricole Egypt Claimed The Third Position With A Growth Rate Of 95.52%, As Its Net Income From Returns Increased To EGP 7.43 Bn During 2023, Compared To EGP 4.73 Bn during 2022.
Abu Dhabi Islamic Bank - Egypt come in Fourth Position With A Growth Rate Of 85.65%, Recording Net Income Of EGP 8.79 Bn during 2023, Compared To EGP 4.73 Bn During 2022.
NBK- Egypt Ranked Fifth With A Growth Rate Of 82.45%, Recording A Net Interest Income Of Approximately EGP 6.99 Bn At 2023, Compared To EGP 3.83 Bn During 2022.
Ebank, Secured The Sixth Position With A Net Interest Income 77.92%, Recording EGP EGP5.42 Bn during 2023, Compared To EGP 3.05 Bn In 2022.
Suez Canal Bank Secured The Seventh Position With A Net Income Growth Rate Of 71.56%, Recording EGP 3.24 Bn during 2023, Compared To EGP 1.89 Bn During 2022.
CIB - Egypt Ranked Eighth With A Growth Rate Of 71.06%, As Its Net Interest Income From Returns Increased To EGP 52.75 Bn During The First 9M Of 2023, Compared To EGP 30.84 Bn during 2022.
Emirates NBD Egypt , Secured The Ninth Position With A Net Interest Income 69.28%, Recording EGP EGP7.26 Bn during 2023, Compared To EGP 4.29 Bn In 2022, Followed By Ahli United Bank With A Growth Rate Of 63.47% During The Same Period.
It's Worth Noting That All The Values And Growth Rates Mentioned In The Analysis Above Are Based On Separate Financial Statements Announced By Each Bank As Of during 2023.
Fastest growing banks in net interest income during 2023
| # | Bank Name | Value during 2023 | Value during 2022 | growth rate % |
|---|---|---|---|---|
| 1 |
First Abu Dhabi Bank Egypt-FAB |
16 Billion pounds | 7.11 Billion pounds | 125 % |
| 2 |
Housing and Development Bank-HDB |
10.452 Billion pounds | 4.908 Billion pounds | 112.98 % |
| 3 |
Credit Agricole Egypt |
7.428 Billion pounds | 3.799 Billion pounds | 95.52 % |
| 4 |
Abu Dhabi Islamic Bank-ADIB Egypt |
8.786 Billion pounds | 4.732 Billion pounds | 85.65 % |
| 5 |
NBK Egypt |
6.988 Billion pounds | 3.83 Billion pounds | 82.45 % |
| 6 |
Export Development Bank of Egypt-EBank |
5.419 Billion pounds | 3.046 Billion pounds | 77.92 % |
| 7 |
Suez Canal Bank |
3.243 Billion pounds | 1.89 Billion pounds | 71.56 % |
| 8 |
Commercial International Bank-CIB |
52.747 Billion pounds | 30.836 Billion pounds | 71.06 % |
| 9 |
Emirates NBD Egypt |
7.264 Billion pounds | 4.291 Billion pounds | 69.28 % |
| 10 |
Al Ahli united bank Egypt |
4.955 Billion pounds | 3.031 Billion pounds | 63.47 % |
| 11 |
Attijariwafa Bank Egypt |
4.245 Billion pounds | 2.621 Billion pounds | 61.98 % |
| 12 |
Abu Dhabi Commercial Bank Egypt- ADCB |
4.576 Billion pounds | 2.887 Billion pounds | 58.48 % |
| 13 |
Qatar National Bank-QNB  |
30.382 Billion pounds | 19.578 Billion pounds | 55.19 % |
| 14 |
Al Ahli Bank of Kuwait Egypt -ABK Egypt |
4.088 Billion pounds | 2.749 Billion pounds | 48.7 % |
| 15 |
BANK NXT |
2.539 Billion pounds | 1.791 Billion pounds | 41.79 % |
| 16 |
Banque Du Caire-BDC |
17.788 Billion pounds | 12.793 Billion pounds | 39.04 % |
| 17 |
Faisal Islamic Bank of Egypt |
5.951 Billion pounds | 4.424 Billion pounds | 34.52 % |
| 18 |
alBaraka Bank Egypt |
4.371 Billion pounds | 3.435 Billion pounds | 27.24 % |
| 19 |
SAIB BANK |
4.439 Billion pounds | 3.546 Billion pounds | 25.2 % |
| 20 |
EGBANK |
3.649 Billion pounds | 3.04 Billion pounds | 20.02 % |
