Crédit Agricole, EBank, and ADIB-Egypt, Fastest-growing banks in mortgage loans during 2023
First Bank
According To FirstBank List Of Fastest-Growing Banks In Mortgage Loans, Crédit Agricole - Egypt Topped The List With A Growth Rate Of 99.27% During 2023. The Bank's Mortgage Loan Portfolio Increased To EGP 968.5 Mn By The End Of December 2023, Compared To EGP 486 Mn By The End Of December 2022.
EBank Secured The Second Position With A Growth Rate Of 96.72%, Reaching EGP 837.6 Mn By December 2023, Up From EGP 425.8 Mn At The End Of December 2022.
Abu Dhabi Islamic Bank - Egypt Came In Third, Recording A Growth Rate Of 94.94%, With Its Total Portfolio Reaching EGP 478.3 Mn By December 2023 End, Compared To EGP245.4 Mn By December 2022.
NBK - Egypt Ranked Fourth With A Growth Rate of 75.91%, Increasing Its Total Mortgage Loan Portfolio To EGP 1.132 Bn By December 2023 end From EGP643.9 Mn By December 2022, Banque Du Caire Followed With A Growth Rate Of 68.55% During The Same Period.
aiBank Claimed the Sixth Position with A Growth Rate Of 68.54%, Totaling EGP 1.063 Mn In Its Mortgage Loan Portfolio By December 2023end, Up From EGP 630.7 Mn By December 2022.
AAIB Secured The Seventh Position With A Growth Rate 49.39%, Reaching EGP 2.769 Bn By December 2023 End, Compared To EGP 1.854 Bn By December 2022.
Commercial International Bank – Egypt “CIB” Managed To Secure The Eighth Position With A Growth Rate Of 27.93% During The Last Year, With Its Total Mortgage Loan Portfolio Reaching EGP 4.336 Bn By The End Of December 2023, Compared To EGP 3.389 Bn At The End Of December 2022.
Qatar National Bank Al Ahli (QNB) Ranked Ninth With A Growth Rate Of 25.13%, Reaching Approximately EGP 5.970 Bn In Its Mortgage Loan Portfolio By December 2023 end, Up From EGP 4.771 Bn By December 2022.
EGBANK Ranked Tenth With A Growth Rate of 17.07%, Increasing Its Total Mortgage Loan Portfolio To EGP 396.2 Bn By end of 2023 compared to EGP338.5Mn By the end of 2022, HD Bank Followed With A Growth Rate Of 13.23% During The Same Period.
It Is Worth Mentioning That All the Mentioned Values And Growth Rates In The Analysis Above Are Based On Separate Financial Statements Announced By Each Bank By The End Of December 2023.
Fastest growing banks in Mortgage loans during 2023
| # | Bank Name | Value by end of 2023 | Value by end of 2022 | Growth rate % |
|---|---|---|---|---|
| 1 |
Credit Agricole Egypt |
968.5 Million pounds | 486.036 Million pounds | 99.27 % |
| 2 |
Export Development Bank of Egypt-EBank |
837.564 Billion pounds | 425.765 Million pounds | 96.72 % |
| 3 |
Abu Dhabi Islamic Bank-ADIB Egypt |
478.284 Million pounds | 245.351 Million pounds | 94.94 % |
| 4 |
NBK Egypt |
1.132 billion pounds | 643.857 Million pounds | 75.91 % |
| 5 |
Banque Du Caire-BDC |
5.539 Billion pounds | 3.286 Billion pounds | 68.55 % |
| 6 |
BANK NXT |
1.063 Million pounds | 630.737 Million pounds | 68.54 % |
| 7 |
arab african international bank |
2.769 Billion pounds | 1.854 Billion pounds | 49.39 % |
| 8 |
Commercial International Bank-CIB |
4.336 Billion pounds | 3.389 Billion pounds | 27.93 % |
| 9 |
Qatar National Bank-QNB  |
5.97 Billion pounds | 4.771 Billion pounds | 25.13 % |
| 10 |
EGBANK |
396.231 Million pounds | 338.453 Million pounds | 17.07 % |
| 11 |
Housing and Development Bank-HDB |
12.518 Billion pounds | 11.055 Billion pounds | 13.23 % |
| 12 |
Faisal Islamic Bank of Egypt |
1.281 Billion pounds | 1.156 Billion pounds | 10.8 % |
| 13 |
Abu Dhabi Commercial Bank Egypt- ADCB |
171.809 Million pounds | 187.398 Million pounds | -8.32 % |
| 14 |
SAIB BANK |
1.204 Billion pounds | 1.555 Billion pounds | -22.57 % |
| 15 |
Bank of Alexandria-Alex Bank |
2.798 Million pounds | 3.662 Million pounds | -23.59 % |
| 16 |
alBaraka Bank Egypt |
177.88 Million pounds | 554.475 Million pounds | -67.92 % |
