Faisal Islamic Bank, Alex bank, and CIB Top banks in focusing on Retail Deposits by end of 2023
First Bank
FirstBank's List Of Banks With The Highest Focus On Retail Loans At The End Of Last December Revealed That Faisal Islamic Bank Topped The List, With Its Retail Loan Portfolio Accounting For 96.225% Of The Bank's Total deposits, Amounting To EGP 130.46 Bn. Total Customer deposits portfolio Was EGP 125.57 Bn by the end of December 2023.
The List Reveals The Banks' Strategies In Forming Their Deposit Portfolios, Emphasizing The Diversity In Offering Certificates And Products To Attract More Customers. The Ranking Is Based On The Ratio Of Retail Deposits To Total Deposits, Providing An Indicator Of The Bank's Concentration On Retail Deposits.
Alex Bank Secured The Second Position, With 65.91% Of Its Total Deposits Concentrated In Its retail Deposit Portfolio, Totaling EGP 133.34 Bn by the end of December 2023, While The Bank's Total Deposit Portfolio Amounted To About EGP 87.88 Bn By The End Of the same period.
CIB Secured The third Position, With 54.70 % Of Its total Deposits in retail deposits Portfolio, Valued At EGP 369.37 bn, while total customer Deposits portofilo, Which Amounted To EGP 675.31 bn by the end of December 2023, Followed By Banque du caire, With Concentration Ratio Of 54.31% by the end of The Same Period.
HD Bank Secured The Fifth Position, With 50.49% Of Its total customer Deposits, Valued At EGP 101.27 Bn in retail deposits portfolio amounted to EGP 51.13 bn By The End Of December 2023.
alBaraka Bank Egypt Claimed The sixth Position, With 49.02% Of Its customer Deposit Portfolio, Totaling EGP 85.01 Bn, Dedicated To Retail Deposits Amounting To Approximately EGP 41.67 By The End Of December 2023.
Abu Dhabi Islamic Bank - Egypt Ranked Seventh, With 45.40% Of Its Total Deposit Portfolio Of EGP 127.13 Bn By The End Of December 2023 Dedicated To Retail Deposits, Which Amounted To EGP 57.72 Bn, Followed By NBK Egypt, With Concentration Ratio Of 44.22% During The Same Period.
The Nine Position Went To AAIB, With 42.03% Of Its customer Deposit Portfolio, Valued At EGP 393.99 Bn, Focused On Retail Deposits Amounting To EGP 165.59 Bn By The End Of December 2023.
Attijariwafa Bank Egypt Ranked Tenth, With 35.27% Of Its Total Deposit Portfolio Of EGP 76.38 Bn By The End Of December 2023 Dedicated To Retail Deposits, Which Amounted To EGP 26.94 Bn by the end of The Same Period, followed by QNB Al-Ahli and aiBANK Concentration Ratio of 32.71% and 29.72% respectively by The End Of the same period.
It's Worth Noting That The Values And Concentration Ratios Mentioned In The Analysis Above Are Based On The Separate Financial Statements Announced By Each Bank by December 2023 End.
Top focused banks on retail deposits by 2023 end
| # | Bank Name | retail deposits during 2023 | customer deposits during 2023 | concentration ratio % |
|---|---|---|---|---|
| 1 |
Faisal Islamic Bank of Egypt |
125.56 Billion pounds | 130.459 Billion pounds | 96.25 % |
| 2 |
Bank of Alexandria-Alex Bank |
87.88 Billion pounds | 133.34 Billion pounds | 65.91 % |
| 3 |
Commercial International Bank-CIB |
369.374 Billion pounds | 675.31 Billion pounds | 54.7 % |
| 4 |
Banque Du Caire-BDC |
164.06 Billion pounds | 302.066 Billion pounds | 54.31 % |
| 5 |
Housing and Development Bank-HDB |
51.129 Billion pounds | 101.274 Billion pounds | 50.49 % |
| 6 |
alBaraka Bank Egypt |
41.671 Billion pounds | 85.007 Billion pounds | 49.02 % |
| 7 |
Abu Dhabi Islamic Bank-ADIB Egypt |
57.719 Billion pounds | 127.128 Billion pounds | 45.4 % |
| 8 |
NBK Egypt |
46.838 Billion pounds | 105.931 Billion pounds | 44.22 % |
| 9 |
arab african international bank |
165.587 Billion pounds | 393.994 Billion pounds | 42.03 % |
| 10 |
Attijariwafa Bank Egypt |
26.937 Billion pounds | 76.377 Billion pounds | 35.27 % |
| 11 |
Qatar National Bank-QNB  |
173.37 Billion pounds | 530.119 Billion pounds | 32.71 % |
| 12 |
BANK NXT |
15.128 Billion pounds | 50.901 Billion pounds | 29.72 % |
| 13 |
Emirates NBD Egypt |
30.338 Billion pounds | 102.656 Billion pounds | 29.55 % |
| 14 |
Credit Agricole Egypt |
24.59 Billion pounds | 84.175 Billion pounds | 29.21 % |
| 15 |
SAIB BANK |
24.373 Billion pounds | 85.34 Billion pounds | 28.56 % |
| 16 |
Al Ahli Bank of Kuwait Egypt -ABK Egypt |
21.469 Billion pounds | 83.06 Billion pounds | 25.85 % |
| 17 |
EGBANK |
19.7 Billion pounds | 81.14 Billion pounds | 24.29 % |
| 18 |
Al Ahli united bank Egypt |
18.411 Billion pounds | 90.05 Billion pounds | 20.44 % |
| 19 |
Suez Canal Bank |
14.377 Billion pounds | 73.64 Billion pounds | 19.52 % |
| 20 |
Export Development Bank of Egypt-EBank |
15.44 Billion pounds | 86.933 Billion pounds | 17.76 % |
| 21 |
Abu Dhabi Commercial Bank Egypt- ADCB |
14.31 Billion pounds | 86.635 Billion pounds | 16.52 % |
