NBE, and CIB Top banks on First Bank credit competitiveness index during 2023

First Bank Credit Competitiveness Index For Egyptian Banks during the Last Year Revealed NBE Securing The First Position On The Index. The Bank's Total Loans and Facilities For Its Customers Increased To EGP 2.29 Tn By The End Of December 2023, Compared To EGP 1.73 Tn By The End Of December 2022, Marking An Increase Of Approximately EGP 559 Bn.

First Bank Index Measures Banks' Ability To Offer Credit Or Loan Products To Attract Customers, Both Individuals And Companies. It Is Based On The Absolute Value Of Growth In The Loan Portfolio, Reflecting The Bank's Success In Increasing Its Loan Portfolio.

CIB Secured The Second Position, With Its Total Loan And Facility Portfolio Reaching EGP 265.10 Bn By The End Of December 2023, Compared To EGP218.6 Bn By The End Of December 2022, an Increase Of EGP39.69Bn during the Last Year, Followed By Banque Du Caire With An Increase Of EGP 39.69 Bn During The Same Period.

QNB Al Ahli Secured The Fourth Position With An Increase Of EGP 37.81 Bn In Its Total Loan Portfolio During The Last Year, Reaching Around EGP 268.58 Bn By The End Of December 2023, Compared To EGP230.77 Bn By The End Of December 2022.

FAB - Egypt Ranked Fifth With A Growth Value Of EGP 37.50 Bn During the Last Year, Recording A Total Of EGP86.50Bn In Loans And Facilities For Its Customers By The End Of December 2023, Compared To EGP 49 Bn By The End Of December 2022.

Arab African International Bank Came Sixth, With An Increase Of EGP 28.34 Bn In Its Total Portfolio During The Last Year, Reaching EGP154.48Bn By The End Of December 2023, Compared To EGP126.14 Bn By The End Of December 2022 Followed By National Bank Of Kuwait - Egypt With An Increase Of EGP 21.11 Bn During The Same Period.

Agriculture Bank Of Egypt Ranked Eighth Position With An Increase Value EGP 14.85 Bn In Its Total Loan Portfolio During The Last Year, Reaching Around EGP 78.83 Bn By The End Of December 2023, Compared To EGP63.97 Bn By The End Of December 2022,

Emirates NBD-Egypt Ranked Ninth With A Growth Value Of EGP13.66Bn In Its Total Customer Loan Portfolio During The Last Year, Rising To EGP60.07 Bn By The End Of December 2023, Compared To EGP 46.40 Bn By The End Of December 2022.

Ahli United Bank - Egypt Ranked Tenth With A Growth Value Of EGP 13.65 Bn During The Last Year, Recording A Total Of EGP67.15Bn In Loans And Facilities For Its Customers By The End Of December 2023, Compared To EGP 53.5 Bn By The End Of December 2022 Followed By ABK - Egypt With An Increase Of EGP 12.32 Bn During The Same Period.

It Is Worth Mentioning That All the Absolute Values And Growth Figures Mentioned Above Are Based On The Separate Financial Statements Announced By Each Bank At The End Of The Financial Period Ending In December 2023.