alBaraka Bank, EBank, and aiBANK Top fastest growing banks in retail loans during 2023

First Bank List Of The Fastest Growing Banks In Retail Loans During The First 9M Of This Year Revealed That alBaraka Bank Was Leading The List, After Its Portfolio Size Jumped By 75.33%, To Register EGP 7.57 Bn By The End Of December 2023, Compared To EGP4.32 Bn By The End Of December 2022.

The List That Includes 22 Banks Operating In The Egyptian Banking Sector, For Which Financial Statements Were Made Available During The Period Under Analysis, Revealed 21 Banks Under Analysis Achieved Positive Growth Rates In Their Retail Loan Portfolios, While one Bank Recorded Declines From January To December 2023.

Returning To The List, EBank Ranked Second With A Growth Rate Of 70.10% During the last Year, Registering The Size Of Its Retail Loan Portfolio EGP 7.71 By The End Of December 2023, Compared To EGP4.54 Bn By The End Of December 2022.

aiBank Won Third Place On The List After Its Retail Loan Portfolio Jumped By 40.45% During The last Year, Registering About EGP 7.507 Bn By The End Of December 2023, Compared To EGP5.34Bn By The End Of December 2022, Followed By Banque Du Caire At A Growth Rate Of 37.14% During The Same Period.

ABK Egypt Was Able To Gain Fifth Place With A Growth Rate Of 36.47% During The last Year, After The Size Of Its Retail Loan Portfolio Reached EGP 16.688 Bn By The End Of December 2023, Compared ToEGP12.228Bn By The End Of December 2022

Suez Canal Bank come in Sixth Position with A Growth Rate Of 34.68% During The last Year, After Its Retail Loan Portfolio Increased From EGP 2.75 Bn By The End Of December 2022, To EGP3.71Bn By The End Of December 2023, Followed By Faisal Bank At A Growth Rate Of 30.93% During The Same Period.

ADIB Egypt Ranked Eighth After Its Retail Loan Portfolio Increased At A Growth Rate Of 27.18% During The last Year, Registering EGP 18.303 Bn By The End Of December 2023, Compared To EGP14.391Bn By The End Of December 2022.

NBE Came In Ninth Place With A Growth Rate of 26.37% during The last Year, After Its Retail Loan Portfolio Increased From EGP 227.10 Bn By The End Of December 2022, To EGP287Bn By The End Of December 2023, Followed By NBK Egypt At A 24.41% Growth Rate During The Same Period.

It Should Be Noted That All The Values And Growth Rates Mentioned In The Above Analysis According To The Separate Financial Statements Announced To Each Bank By The End Of December 2023.