The List Of First Bank For The Fastest Growing Banks In Corporate Deposits During The last Year Revealed That

Egyptian banking sector,corporate deposits,separate financial statements

Alex Bank, Credit Agricole, and Attijariwafa Bank, fastest growing banks in corporate deposits during 2023

FirstBank

The List Of First Bank For The Fastest Growing Banks In Corporate Deposits During The last Year Revealed That Topped The List With A Growth Rate Of 78.20%, After Its Total Corporate Deposits Rose To EGP 45.5 Bn At The End Of December 2023, Compared To EGP 25.5 Bn At The End Of December 2022.

First Bank List Tracked The Size Of Corporate Deposits In 21 Banks Operating In The Egyptian Banking Sector That Provided Data During The Analysis Period. 20 Banks Achieved Positive Growth Rates In Their Total Institutional Deposits Portfolios, While one Bank Recorded Decreases From January To December 2023. 

Returning To The List, Credit Agricole - Egypt Won The Second Place With A Growth Rate Of 64.51% During The last Year, To Record EGP 59.6 Bn At The End Of December 2023, Compared To EGP 36.2 Bn At The End Of December 2022.

Attijariwafa Bank Came In Third Place With A Growth Rate Of 61.91% During The last Year, After The Total Portfolio Of Corporate Deposits Rose To EGP 49.4 Bn At The End Of December 2023, Compared To EGP 30.5 Bn At The End Of December 2022,

Arab African International Bank- AAIB Ranked Fourth With A Growth Rate Of 57.06% During The last Year, After The Total Portfolio Of Corporate Deposits Reached EGP 228.4 Bn At The End Of December 2023, Compared To EGP 145.4 Bn At The End Of December 2022.

Abu Dhabi Islamic Bank Of Egypt -ADIB Egypt Come In Fifth Place After Its Corporate Deposits Increased By 43.67% During The last Year, Registering EGP 69.4 Bn By The End Of December 2023, Compared To 48.3 Bn By The End Of December 2022, Followed By QNB AL Ahli With Growth Rate Of 35.96% During The Same Period.

NBK Egypt Ranked Seventh With A Growth Rate Of 33.41% During The last Year, Recording The Size Of Its Corporate Deposit Portfolio Of EGP 59.1 Bn By The End Of December 2023, Compared To 44.3 Bn By The End Of December 2022.

As For The Eighth Position, Ahli United Bank With A Growth Rate Of 28.48% During The last Year, After Registering Total Corporate Deposits About EGP 71.6 Bn By The End Of December 2023, Compared To 55.08 Bn By The End Of December 2022.

APK- Egypt Ranked Ninth With A Growth Rate Of 24.31% During The last Year, Recording The Size Of Its Corporate Deposit Portfolio Of EGP 61.6 Bn By The End Of December 2023, Compared To 49.6 Bn By The End Of December 2022.

Emirates NBD Egypt come In Tenth Place After Its Corporate Deposits rose By 24.10% During The last Year, Registering EGP 72.3 Bn By The End Of December 2023, Compared To 58.3 Bn By The End Of December 2022, Followed By saib With Growth Rate Of 21.97% During The Same Period.

It Is Worth Noting That All Values And Growth Rates Mentioned In The Analysis Above Are According To Separate Financial Statements Announced For Each Bank At The End Of December 2023.

Fastest growing banks in corporate deposits during 2023

# Bank Name Value by end of 2023 Value by end of 2022 growth rate %
1 Bank of Alexandria-Alex Bank
Bank of Alexandria-Alex Bank
45.459 Billion pounds 25.51 Billion pounds 78.2 %
2 Credit Agricole Egypt
Credit Agricole Egypt
59.585 Billion pounds 36.22 Billion pounds 64.51 %
3 Attijariwafa Bank Egypt
Attijariwafa Bank Egypt
49.441 Billion pounds 30.536 Billion pounds 61.91 %
4 arab african international bank
arab african international bank
228.407 Billion pounds 145.423 Billion pounds 57.06 %
5 Abu Dhabi Islamic Bank-ADIB Egypt
Abu Dhabi Islamic Bank-ADIB Egypt
69.409 Billion pounds 48.313 Billion pounds 43.67 %
6 Qatar National Bank-QNB
Qatar National Bank-QNB
356.741 Billion pounds 262.387 Billion pounds 35.96 %
7 NBK Egypt
NBK Egypt
59.093 Billion pounds 44.293 Billion pounds 33.41 %
8 Al Ahli united bank Egypt
Al Ahli united bank Egypt
71.647 Billion pounds 55.767 Billion pounds 28.48 %
9 Al Ahli Bank of Kuwait Egypt -ABK Egypt
Al Ahli Bank of Kuwait Egypt -ABK Egypt
61.595 Billion pounds 49.55 Billion pounds 24.31 %
10 Emirates NBD Egypt
Emirates NBD Egypt
72.318 Billion pounds 58.274 Billion pounds 24.1 %
11 SAIB BANK
SAIB BANK
60.976 Billion pounds 50.031 Billion pounds 21.88 %
12 Faisal Islamic Bank of Egypt
Faisal Islamic Bank of Egypt
4.894 Billion pounds 4.068 Billion pounds 20.3 %
13 Banque Du Caire-BDC
Banque Du Caire-BDC
138.007 Billion pounds 115.141 Billion pounds 19.86 %
14 Export Development Bank of Egypt-EBank
Export Development Bank of Egypt-EBank
71.492 Billion pounds 59.669 Billion pounds 19.81 %
15 Commercial International Bank-CIB
Commercial International Bank-CIB
305.936 Billion pounds 262.224 Billion pounds 16.67 %
16 alBaraka Bank Egypt
alBaraka Bank Egypt
43.336 Billion pounds 37.351 Billion pounds 16.02 %
17 EGBANK
EGBANK
61.436 Billion pounds 54.238 Billion pounds 13.27 %
18 Abu Dhabi Commercial Bank Egypt- ADCB
Abu Dhabi Commercial Bank Egypt- ADCB
72.323 Billion pounds 64.359 Billion pounds 12.37 %
19 Suez Canal Bank
Suez Canal Bank
59.27 Billion pounds 52.994 Billion pounds 11.84 %
20 BANK NXT
BANK NXT
35.772 Billion pounds 35.625 Billion pounds 0.41 %
21 Housing and Development Bank-HDB
Housing and Development Bank-HDB
50.145 Billion pounds 62.261 Billion pounds -19.46 %