alBaraka Bank, Faisal Bank, and EBank Fastest-growing banks in personal loans during 2023

First Bank List Of The Fastest-Growing Banks In Personal Loans During The last year Revealed That alBaraka Bank Topped The List With A Growth Rate Of 96.36%. The Bank's Personal Loan Portfolio Reached Approximately EGP 7.34 Bn By The End Of December 2023, Compared To EGP 3.74 Bn By The End Of December 2022.

First Bank List Included 20 Banks Operating In The Egyptian Banking Sector, For Which Financial Data Were Available For Analysis. It Revealed That 19 Banks Achieved Positive Growth Rates In Their Personal Loan Portfolios, While one Bank Experienced A Decrease In its Portfolio During The Period From January To December 2023.

Returning To The List, Faisal Islamic Bank Of Egypt Came In Second Place With A Growth Rate Of 96.13% During Last Year, After Its Total Portfolio Rose To EGP 577.359 Mn At The End Of December 2023, Compared To EGP 294.4 Mn At The End Of December 2022.  

Egyptian Export Development Bank -EBank Ranked Third With A Growth Rate Of 67.47% During Last Year, After Its Total Personal Loan Portfolio Jumped To EGP 6.332 Bn At The End Of December 2023, Compared To EGP 3.78 Bn At The End Of December 2022.  

aiBank Secured The Fourth Position After Achieving A Total Personal Loan Portfolio Growth Rate Of 45.48% During The last year, Reaching EGP 6.14 Bn By The End Of December 2023, Compared To EGP4.22Bn By The End Of December 2022.

Ahli United Bank Came In Fifth Place With A Growth Rate Of 42.88% During Last Year, After Its Total Portfolio Rose To EGP 2.96bn At The End Of December 2023, Compared To EGP 2.07 bn At The End Of December 2022.

Suez Canal Bank Ranked Sixth With A Growth Rate Of 38.42% During Last Year, After Its Total Personal Loan Portfolio Rose To EGP 3.59 Bn At The End Of December 2023, Compared To EGP 2.60 Bn At The End Of 2022.

ABK – Egypt Ranked Seventh Place After Its Personal Loan Portfolio Grew By 35.70% During The last Year, Reaching EGP 16.11 Bn By The End Of December 2023, Compared To EGP11.87Bn By The End Of December 2022, , Followed By Banque de caire With A Growth Rate Of 35.49% During The Same Period.

Saib Claimed The Ninth Position With A Growth Rate Of 31.25% During The last year, As Its Personal Loan Portfolio Increased To EGP 10.27 Bn By The End Of December 2023, Compared To EGP 7.83 Bn By The End Of December 2022.

ADIB Egypt Secured The Tenth Position With A Growth Rate Of 25.15% From January To December Of The Last Year. Its Total Personal Loan Portfolio Rose To EGP16.97Bn By The End Of December 2023, Compared To EGP 13.56 Bn By The End Of December 2022, Followed By HD Bank With A Growth Rate Of 23.04% 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 On The Official Website Of Each Bank As Of December 2023.