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