EBank, AUB -Egypt, and AAIB, fastest-growing banks in terms of credit cards during 2023

According To First Bank List of The Fastest-Growing Banks In Credit Cards During The Last Year, EBank Topped The List With A Growth Rate Of 160.04%. The Bank's Credit Card Portfolio Reached EGP169.7Mn By the End of December 2023, Compared To EGP 65.3 Mn By The End Of December 2022.

First Bank List Tracked Credit Card Portfolios At 20 Banks In The Egyptian Banking Sector During The Analysis Period. All Of These Banks Achieved Positive Growth Rates In Their Total Credit Cards From January To December 2023.

Returning to the List, Ahli United Bank-Egypt Came In Second Place With A Growth Rate Of 137.57% During The Last Year, Reaching EGP 100 Mn By The End Of December 2023, Compared To EGP 42 Mn By The End Of December 2022.

Arab African International Bank Came In Third Place With A Growth Rate Of 113.37% During The Last Year. Its Credit Card Portfolio Reached EGP 930.1 Mn By The End Of December 2023, Compared To EGP435.9 Mn By The End Of December 2022.

aiBANK Claimed the Fourth Position With A Growth Rate Of 110.23% During The Last Year. Its Credit Card Portfolio Reached Around EGP 80.6 Mn By The End Of December 2023, Compared To EGP 38.3 Mn By The End Of December 2022.

As For the Fifth Place, It Was Secured By ADCB - Egypt With A Credit Card Growth Rate Of 109.29% During The Last Year, Reaching EGP 278 Mn By The End Of December 2023, Compared To EGP 132.8 Mn By The End Of December 2022, Followed By NBK - Egypt With A Growth Rate Of 108.83% During The Same Period.

alBaraka Bank Came In Seventh Place With A Growth Rate Of 102.08% During The Last Year. It Recorded A Credit Card Portfolio Of Approximately EGP 60 Mn By The End Of December 2023, Compared To EGP 29.7 Mn By The End Of December 2022.

EGBANK Secured The Eighth Position With A Growth Rate Of 79.07%. Its Total Credit Cards Reached EGP 178.3 Mn By The End Of December 2023, Compared To EGP 99.6 Mn By The End Of December 2022, Followed By Banque Du Caire With A Growth Rate Of 73.72% During The Same Period.

Emirates NBD – Egypt Took The Tenth Position With A Growth Rate Of 69.60% During The Last Year. Its Credit Card Value Reached EGP 943.8 Mn By The End Of December 2023, Compared To EGP 556.5 Mn By The End Of December 2022.

It's Worth Noting That All The Values And Growth Rates Mentioned In The Analysis Are Based On Separate Financial Statements Announced By Each Bank As Of The End Of December 2023.