ADCB Egypt, EBank, and SC Bank, Top banks in focusing on corporate deposits by end of 2023
First Bank
Abu Dhabi Commercial Bank ADCB- Egypt, First Bank's List Reveals, Topped the Chart In Terms Of Corporate Deposits Concentration By The End Of December 2023, Its Corporate Deposits Portfolio Accounting For 83.48% Of The Bank's Total Deposits Valued At EGP86.64Bn By December 2023 End. Meanwhile, Corporate Deposits Portfolio Reached EGP 72.32 Bn during the Same Period.
The List Sheds Light On Banks' Strategies In Diversifying Their Deposit Portfolios Among 21 Banks In The Egyptian Banking Sector. the Data Analyzed Focuses on The Diversity In Offering Certificates And Products To Attract More Customers. The List Uses the Criterion Of (Corporate Deposits / Total customer Deposits) To Indicate The Extent To Which A Bank's Deposit Portfolio Is Concentrated In Corporate Deposits.
Egyptian Exports Development Bank (EBank) Ranked Second, With A Concentration Of 82.24%, As the Bank's Corporate Deposits Portfolio Increased To EGP 86.93 Bn By December 2023End, While The Corporate Deposit Portfolio Amounted To EGP71.49Bn By The Same Period.
Suez Canal Bank Secured the Third Position, With A Concentration Of 80.48%, The Bank's Total Deposits Recorded EGP 73.65Bn By December 2023 End. Meanwhile, Corporate Deposits Portfolio Reached EGP 59.27 Bn during the Same Period.
Ahli United Bank Of Egypt Claimed The Fourth Spot With A Concentration Of 79.56%, As Its Corporate Deposits Portfolio Increased To EGP71.65Bn By end of 2023, While The Total Deposits Portfolio Amounted To Approximately EGP90.06 Bn during the Same Period Followed By Egyptian Gulf Bank (EGBANK), With Concentration Ratio Of 75.71% During The Same Period.
Al Ahli Bank of Kuwait - Egypt Ranked Sixth On The List, With A Concentration Of 74.15% As The Bank's Corporate Deposits Portfolio Increased To EGP 61.60 Bn By December 2023End, While Deposit Portfolio Amounted To EGP83.06Bn By The Same Period.
saib Ranked seventh With A Concentration Of 71.40%, Bank's Total Deposits Recorded EGP 85.35Bn By December 2023 End. Meanwhile, Corporate Deposits Portfolio Reached EGP 60.94 Bn during The Same Period, Followed By credit Agricole Bank, With Concentration Ratio Of 70.79% During the Same Period.
Emirate NBD Came In Ninth Place, With 70.45% Of Its Deposit Portfolio, Totaling EGP 102.66 Bn, Concentrated In Corporate Deposits Valued At EGP 72.32 Bn By The End Of September 2023.
aiBank Ranked Tenth, With A Concentration Of 70.28%, Bank's Total Deposits Recorded EGP 50.90Bn By December 2023 End. Meanwhile, Corporate Deposits Portfolio Reached EGP 35.77 bn during The Same Period
It Is Important To Note That The Values And Concentration Rates Mentioned In The Analysis Are Based On Separate Financial Statements Announced By Each Bank By The End Of December 2023.
Top banks in focusing on corporate deposits by 2023 end
| # | Bank Name | corporate deposits At 2023 | customer deposits At 2023 | concentratio ratio % |
|---|---|---|---|---|
| 1 |
Abu Dhabi Commercial Bank Egypt- ADCB |
72.32 Billion pounds | 86.635 Billion pounds | 83.48 % |
| 2 |
Export Development Bank of Egypt-EBank |
71.49 Billion pounds | 86.933 Billion pounds | 82.24 % |
| 3 |
Suez Canal Bank |
59.27 Billion pounds | 73.64 Billion pounds | 80.48 % |
| 4 |
Al Ahli united bank Egypt |
71.46 Billion pounds | 90.05 Billion pounds | 79.56 % |
| 5 |
EGBANK |
61.43 Billion pounds | 81.14 Billion pounds | 75.71 % |
| 6 |
Al Ahli Bank of Kuwait Egypt -ABK Egypt |
61.59 Billion pounds | 83.06 Billion pounds | 74.15 % |
| 7 |
SAIB BANK |
60.93 Billion pounds | 85.34 Billion pounds | 71.4 % |
| 8 |
Credit Agricole Egypt |
59.58 Billion pounds | 84.17 Billion pounds | 70.79 % |
| 9 |
Emirates NBD Egypt |
72.31 Billion pounds | 102.656 Billion pounds | 70.45 % |
| 10 |
BANK NXT |
35.77 Billion pounds | 50.9 Billion pounds | 70.28 % |
| 11 |
Qatar National Bank-QNB  |
356.74 Billion pounds | 530.119 Billion pounds | 67.29 % |
| 12 |
Attijariwafa Bank Egypt |
49.44 Billion pounds | 76.377 Billion pounds | 64.73 % |
| 13 |
arab african international bank |
228.4 Billion pounds | 393.994 Billion pounds | 57.97 % |
| 14 |
NBK Egypt |
59.093 Billion pounds | 105.931 Billion pounds | 55.78 % |
| 15 |
Abu Dhabi Islamic Bank-ADIB Egypt |
69.4 Billion pounds | 127.128 Billion pounds | 54.06 % |
| 16 |
alBaraka Bank Egypt |
43.33 Billion pounds | 85.007 Billion pounds | 50.98 % |
| 17 |
Housing and Development Bank-HDB |
50.14 Billion pounds | 101.27 Billion pounds | 49.51 % |
| 18 |
Banque Du Caire-BDC |
138.007 Billion pounds | 302.066 Billion pounds | 45.69 % |
| 19 |
Commercial International Bank-CIB |
305.93 Billion pounds | 675.3 Billion pounds | 45.3 % |
| 20 |
Bank of Alexandria-Alex Bank |
45.45 Billion pounds | 133.34 Billion pounds | 34.9 % |
| 21 |
Faisal Islamic Bank of Egypt |
4.894 Billion pounds | 130.459 Billion pounds | 3.75 % |
