SC Bank, EBank, and saib, Fastest-growing listed banks in deposits during Q1-2024
First Bank
First Bank List Of Listed Banks With The Fastest Growth In Customer Deposits during the first quarter of the current Year, Revealed That Suez Canal Bank Topped The List With A Growth Rate Of 27.13%, After Its Total Customer Deposits Increased From EGP 73.65 Bn At The End Of December 2023, To EGP 93.63 Bn By The End Of March 2024.
First Bank List Reveals Total Customer Deposits For 11 Listed Banks on The Egyptian Stock Exchange, Showing Positive Growth Rates In Their Portfolios From January To March 2024.
Returning To The List, EBank Takes The Second Position With A 24.14% Growth During the first quarter of the current Year, Reaching EGP 107.92 Bn By The End Of March 2024, Compared To EGP 86.93 Bn At The End Of December 2023.
saib Ranks Third With A Growth rate of 22.34% During the first quarter of 2024, Recording A Total Customer Deposit Portfolio Around EGP 104.41 Bn By The End Of March 2024, Compared To EGP 85.35 Bn At The End Of December 2023.
EGBANG Secured The Fourth Position On The List With A Growth rate of 20.95% During the first quarter of the current Year. Its Total Deposit Portfolio Rose To EGP 98.14 Bn By The End Of March 2024, Compared To EGP 81.14 Bn At The End Of December 2023.
Faisal Bank Takes the Fifth Position With A 20.61% Growth during the first quarter of the current Year. Its Customer Deposit Portfolio Increased From EGP 130.46 Bn At The End Of December 2023 To EGP 157.34Bn By The End Of March 2024.
It’s Worth Noting That All Mentioned Values And Growth Rates Are Based On Separate Financial Statements Declared By Each Bank At The End Of March 2024.
Fastest growings listed banks in deposits during Q1-2024
# | Bank Name | Value during Q1-2024 | Value during 2023 | Growth rate% |
---|---|---|---|---|
1 | Suez Canal Bank | 93.628 Billion pounds | 73.647 Billion pounds | 27.13 % |
2 | Export Development Bank of Egypt-EBank | 107.917 Billion pounds | 86.933 Billion pounds | 24.14 % |
3 | SAIB BANK | 104.412 Billion pounds | 85.349 Billion pounds | 22.34 % |
4 | EGBANK | 98.138 Billion pounds | 81.142 Billion pounds | 20.95 % |
5 | Faisal Islamic Bank of Egypt | 157.344 Billion pounds | 130.459 Billion pounds | 20.61 % |
6 | Commercial International Bank-CIB | 792.409 Billion pounds | 675.31 Billion pounds | 17.34 % |
7 | Qatar National Bank-QNB | 622.014 Billion pounds | 530.119 Billion pounds | 17.33 % |
8 | Abu Dhabi Islamic Bank-ADIB Egypt | 143.436 Billion pounds | 127.128 Billion pounds | 12.83 % |
9 | alBaraka Bank Egypt | 94.074 Billion pounds | 85.007 Billion pounds | 10.67 % |
10 | Housing and Development Bank-HDB | 106.494 Billion pounds | 101.274 Billion pounds | 5.15 % |
11 | Credit Agricole Egypt | 84.367 Billion pounds | 84.175 Billion pounds | 0.23 % |