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