Abu Dhabi Commercial Bank ADCB- Egypt, First Banks List Reveals, Topped the Chart In Terms Of Corporate Deposi

First Bank,Total Deposits,separate financial statements,deposits portfolio

ADCB Egypt, EBank, and SC Bank, Top banks in focusing on corporate deposits by end of 2023

FirstBank

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
Abu Dhabi Commercial Bank Egypt- ADCB
72.32 Billion pounds 86.635 Billion pounds 83.48 %
2 Export Development Bank of Egypt-EBank
Export Development Bank of Egypt-EBank
71.49 Billion pounds 86.933 Billion pounds 82.24 %
3 Suez Canal Bank
Suez Canal Bank
59.27 Billion pounds 73.64 Billion pounds 80.48 %
4 Al Ahli united bank Egypt
Al Ahli united bank Egypt
71.46 Billion pounds 90.05 Billion pounds 79.56 %
5 EGBANK
EGBANK
61.43 Billion pounds 81.14 Billion pounds 75.71 %
6 Al Ahli Bank of Kuwait Egypt -ABK Egypt
Al Ahli Bank of Kuwait Egypt -ABK Egypt
61.59 Billion pounds 83.06 Billion pounds 74.15 %
7 SAIB BANK
SAIB BANK
60.93 Billion pounds 85.34 Billion pounds 71.4 %
8 Credit Agricole Egypt
Credit Agricole Egypt
59.58 Billion pounds 84.17 Billion pounds 70.79 %
9 Emirates NBD Egypt
Emirates NBD Egypt
72.31 Billion pounds 102.656 Billion pounds 70.45 %
10 BANK NXT
BANK NXT
35.77 Billion pounds 50.9 Billion pounds 70.28 %
11 Qatar National Bank-QNB
Qatar National Bank-QNB
356.74 Billion pounds 530.119 Billion pounds 67.29 %
12 Attijariwafa Bank Egypt
Attijariwafa Bank Egypt
49.44 Billion pounds 76.377 Billion pounds 64.73 %
13 arab african international bank
arab african international bank
228.4 Billion pounds 393.994 Billion pounds 57.97 %
14 NBK Egypt
NBK Egypt
59.093 Billion pounds 105.931 Billion pounds 55.78 %
15 Abu Dhabi Islamic Bank-ADIB Egypt
Abu Dhabi Islamic Bank-ADIB Egypt
69.4 Billion pounds 127.128 Billion pounds 54.06 %
16 alBaraka Bank Egypt
alBaraka Bank Egypt
43.33 Billion pounds 85.007 Billion pounds 50.98 %
17 Housing and Development Bank-HDB
Housing and Development Bank-HDB
50.14 Billion pounds 101.27 Billion pounds 49.51 %
18 Banque Du Caire-BDC
Banque Du Caire-BDC
138.007 Billion pounds 302.066 Billion pounds 45.69 %
19 Commercial International Bank-CIB
Commercial International Bank-CIB
305.93 Billion pounds 675.3 Billion pounds 45.3 %
20 Bank of Alexandria-Alex Bank
Bank of Alexandria-Alex Bank
45.45 Billion pounds 133.34 Billion pounds 34.9 %
21 Faisal Islamic Bank of Egypt
Faisal Islamic Bank of Egypt
4.894 Billion pounds 130.459 Billion pounds 3.75 %