According To FirstBank List of Banks Concentrating On Savings And Deposit Certificates At The End Of December

Savings and Deposit Certificates,FirstBank list,Egyptian banking sector.

Alex Bank, Faisal Bank, and alBaraka, Top banks in focusing on savings certificates by end of 2023

FirstBank

According To FirstBank List of Banks Concentrating On Savings And Deposit Certificates At The End Of December Last Year, Alex Bank Topped The List, With Its Savings Certificate Portfolio Accounting For 40.48% Of Its Total Deposits Valued At EGP 133.34 bn By The End Of December 2023. Meanwhile, The Savings and Deposit Certificate Portfolio Amounted to EGP 53.98 Bn At The Same Period.

The List Reveals The Banking Corporates' Strategies In Shaping Their Deposit Portfolios Among 21 Banks In The Egyptian Banking Sector. The Data Analyzed Focused Specifically on The Issuance Of Savings And Deposit Certificates To Attract More Customers.

The List Is Based on The Ratio Of Savings And Deposit Certificates To Total Deposits, Providing An Indicator Of How Much A Bank's Deposit Portfolio Is Concentrated In Savings And Deposit Certificates.

Faisal Islamic Bank In Egypt come in second place With A Concentration Of 34.98%, Having A Savings Certificate Portfolio Of EGP45.63Bn and Total Deposits Of EGP130.46 Bn By The End Of December 2023.

alBaraka Bank Secured The Third Position With 34.13% Of Its Deposit Portfolio, Valued At EGP 85.01 Bn, Concentrated In Savings And Deposit Certificates Worth EGP 29.01 Bn By The End Of December 2023, Followed By Banque Du Caire, With Concentration Ratio Of 33.22% During The Same Period.

As For the Fifth Position, It Was Taken By Commercial International Bank (CIB) After 27.96% Of Its Deposit Portfolio, Valued At EGP 675.31 Bn By The End Of December 2023, Was Focused On Savings And Deposit Certificates, Which Recorded EGP 188.83 Bn By The End Of The Same Period.

Abu Dhabi Islamic Bank - Egypt Ranked Sixth, With Its Savings And Deposit Certificates Portfolio Capturing 25.85% Of Its Total Deposits, Valued At EGP 127.13 Bn, While The Value Of The Savings And Deposit Certificates Portfolio Amounted To EGP 32.86 Bn By The End Of December 2023, NBK Egypt Followed With A Concentration Ratio Of 25.63% During The Same Period.

Qatar National Bank -QNB Al Ahli Came In Ninth Place, With Its Savings And Deposit Certificates Portfolio Representing 18.59% Of Its Total Deposits, Valued At EGP 530.12 Bn. The Value Of Its Savings And Deposit Certificates Reached EGP 98.58 Bn By The End Of December 2023.

ABK- Egypt Secured the Ninth Place, With 17.12% Of Its Deposit Portfolio Focused On Savings Certificates And Deposits. The Total Value Of Its Deposit Portfolio Amounted To Around EGP 83.06Bn, While The Savings Certificates And Deposits Reached EGP 14.22 Bn By December 2023 End.

aiBank come in Tenth position After 16.41% Of Its Deposit Portfolio, Valued At EGP 50.90 Bn By The End Of December 2023, Was Focused On Savings And Deposit Certificates, Which Recorded EGP 8.35 Bn during The End Of The Same Period.

It's Worth Mentioning That the Values and Concentration Percentages Mentioned In The Analysis Are Based On Separate Financial Statements Declared By Each Bank At The End Of December 2023.

Top banks in focusing on savings certificates by end of 2023

# Bank Name savings certificates At 2023 customer deposits At 2023 concentration ratio %
1 Bank of Alexandria-Alex Bank
Bank of Alexandria-Alex Bank
53.98 Billion pounds 133.34 Billion pounds 40.48 %
2 Faisal Islamic Bank of Egypt
Faisal Islamic Bank of Egypt
45.63 Billion pounds 130.45 Billion pounds 34.98 %
3 alBaraka Bank Egypt
alBaraka Bank Egypt
29.009 Billion pounds 85 Billion pounds 34.13 %
4 Banque Du Caire-BDC
Banque Du Caire-BDC
100.33 Billion pounds 302.03 Billion pounds 33.22 %
5 Commercial International Bank-CIB
Commercial International Bank-CIB
188.83 Billion pounds 675.31 Billion pounds 27.96 %
6 Abu Dhabi Islamic Bank-ADIB Egypt
Abu Dhabi Islamic Bank-ADIB Egypt
32.85 Billion pounds 127.12 Billion pounds 25.85 %
7 NBK Egypt
NBK Egypt
27.148 Billion pounds 105.93 Billion pounds 25.63 %
8 Qatar National Bank-QNB Al Ahli
Qatar National Bank-QNB Al Ahli
98.57 Billion pounds 530.11 Billion pounds 18.59 %
9 Al Ahli Bank of Kuwait Egypt -ABK Egypt
Al Ahli Bank of Kuwait Egypt -ABK Egypt
14.22 Billion pounds 83.06 Billion pounds 17.12 %
10 Arab Investment Bank- aiBANK
Arab Investment Bank- aiBANK
8.35 Billion pounds 50.9 Billion pounds 16.41 %
11 Attijariwafa Bank Egypt
Attijariwafa Bank Egypt
11.36 Billion pounds 76.37 Billion pounds 14.88 %
12 Emirates NBD Egypt
Emirates NBD Egypt
14.24 Billion pounds 102.65 Billion pounds 13.88 %
13 Export Development Bank of Egypt-EBank
Export Development Bank of Egypt-EBank
11.72 Billion pounds 86.93 Billion pounds 13.49 %
14 SAIB BANK
SAIB BANK
11.3 Billion pounds 85.349 Billion pounds 13.24 %
15 Housing and Development Bank-HDB
Housing and Development Bank-HDB
12.2 Billion pounds 101.27 Billion pounds 12.05 %
16 EGBANK
EGBANK
9.49 Billion pounds 81.142 Billion pounds 11.71 %
17 Suez Canal Bank
Suez Canal Bank
8.6 Billion pounds 73.64 Billion pounds 11.69 %
18 Credit Agricole Egypt
Credit Agricole Egypt
9.45 Billion pounds 84.17 Billion pounds 11.23 %
19 Abu Dhabi Commercial Bank Egypt- ADCB
Abu Dhabi Commercial Bank Egypt- ADCB
9.44 Billion pounds 86.63 Billion pounds 10.9 %
20 Al Ahli united bank Egypt
Al Ahli united bank Egypt
8.42 Billion pounds 90.058 Billion pounds 9.36 %
21 arab african international bank
arab african international bank
27.67 Billion pounds 393.994 Billion pounds 7.02 %