ABK - Egypt, aiBANK, and EBank Top fastest-growing banks in net fees and commissions income during 2023

FirstBank List Of The Fastest-Growing Banks In  Net Fees And Commissions Income During the last year, Revealed That ABK-Egypt Topped The List With A Growth Rate Of 204.17%, After Registering EGP 1.224 bn During 2023, Compared to EGP 402.5Mn During 2022.

The "First Bank" List Monitored Net Fees And Commissions Income Of 19 Banks Operating In The Egyptian Banking Sector For Which The Financial Data Were Available For The Analysis Period. It Revealed That All The Banks Analyzed Achieved Positive Growth Rates In Their Net Fees And Commissions Income During The Period From January To December 2023.

In Second Place On The List Was aiBANK With A Growth Rate Of 187.18%, After Its Net Fees And Commissions Income Rose To EGP 907.6Mn During 2023, Compared To 316.1Mn During 2022.

As For The Third Place, EBank Gained After Its Net Fees And Commissions Income Jumped At A Growth Rate Of 177.78%, Registering About EGP 1.441Bn During 2023, Compared To 518.8Mn During 2022. EGBank Came In Fourth Place At A Growth Rate Of 132.24%, After Net Fees And Commissions Income Rose To EGP 662.2 mn In 2023, Compared To EGP285.1Mn In 2022.

Suez Canal Bank Ranked Fifth With A Growth Rate Of 123.01%, After Net Fees And Commissions Income Reached EGP 660.7 mn During 2023, Compared To EGP296.3 Mn During 2022.

Emirates NBD-Egypt Ranked Sixth With A Growth Rate Of 109.50%, Recording Net Fees And Commissions Income Of EGP 1.119 bn During 2023, Compared To EGP534.1Mn During 2022, Followed By NBK-Egypt  with A Growth Rate Of 107.07% During The Same Period..

Ahli United Bank-Egypt Came In Seventh Place At A Growth Rate Of 93.60%, After The Value Of Net Fees And Commissions Income Reached EGP 888.2Mn During 2023, Compared To 458.8Mn During 2022.

As For The  Ninth Position, It Was Secured By CIB  After Net Fees And Commissions Income Increased At A Growth Rate Of 77.26%, Recording EGP 5.434 Mn during  2023, Compared To EGP3.066 Mn During  2022, Followed By credit Agricole With a Growth Rate of  74.44% During The Same Period. It's Worth Noting That All The Figures And Growth Rates Mentioned In The Analysis Above Are Based On Separate Financial Statements Announced By Each Bank By The End Of December 2023.