NBE, AAIB and CIB top banks on First Bank index of depositor confidence during 2023

NBE Topped First Bank Index for Depositor Confidence By Successfully Increasing Its Customer Deposit Portfolio By EGP 378 Bn, Reaching Around EGP 3.60 Tn By The End Of December 2023, Compared To EGP 3.22 Tn By The End Of December 2022.

First Bank Index, Which Analyzed Financial Data Provided By 24 Banks In The Egyptian Banking Sector, Highlighted The Increase In Deposit Portfolios Banks during the Last Year.

AAIB Secured The Second Position By Increasing Its Customer Deposit Portfolio By EGP 135.8 Bn During The First 9 Months Of The Last Year, Totaling Approximately EGP 665.9 Bn By The End Of September 2023, Compared To EGP 530.1 Bn By The End Of December 2022.

CIB Secured the Third Position, Increasing Its Deposit Portfolio by EGP 145.2 Bn During the Last Year, Totaling Approximately EGP 675.3 Bn By The End Of December 2023, Compared To EGP 530.1 Bn By The End Of December 2022.

Qatar National Bank - Egypt (QNB) come in Fourth place, Increasing Its Deposit Portfolio By EGP 123.1Bn During The last Year, Reaching Around EGP 530.1 Bn By The End Of December 2023, Compared To EGP 407.1 Bn By The End Of December 2022.

Arab African International Bank Ranked Fifth After Increasing Its Deposit Portfolio By EGP 61.8 Bn During the Last Year, Reaching Around EGP 200 Bn By The End Of December 2023, Up From EGP 138.2 Bn By The End Of December 2022, Banque Du Caire Followed With An Increase Of EGP 51.9 Bn During The Same Period.

Agricultural Bank Of Egypt Claimed The Seventh Position By Increasing Its Deposit Portfolio By EGP 43Bn During The Last Year, Reaching EGP 184.3 Bn By The End Of December 2023, Up From EGP 141.2 Bn By The End Of December 2022.

Abu Dhabi Islamic Bank - Egypt come in Eight place, With Its Deposit Portfolio Rising By EGP 29.4 Bn During 2023, Totaling EGP 127.1 Bn By The End Of December 2023, Compared To EGP 97.7 Bn By The End Of December 2022, It Was Followed By Attijariwafa Bank With An Increase Of EGP 23.9 Bn During The Same Period.

Credit Agricole Bank - Egypt Claimed The Tenth Position, With Its Customer Deposit Portfolio Increasing By EGP 23.7 Bn During The 2023, Reaching Around EGP 84.2 Bn By The End Of December 2023 Compared To EGP 60.5 Bn By The End Of December 2022.

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