SC Bank, saib, and EGBANK, Fastest-growing listed banks in Assets during Q1-2024
First Bank
First Bank List Reveals That Suez Canal Bank Leads The Fastest-Growing Banks in Total Assets With A Growth Rate of 32.13% During the first quarter of the current Year, Reaching EGP 136.02 Bn By The End Of March 2024, Compared To EGP 102.94 Bn By The End Of 2023.
Analysis Covers 11 Banks Listed On The Egyptian Stock Exchange, All Showing Positive Growth Rates In Their Financial Positions From January To March 2024.
saib, takes The Second Position With A 27.39% Growth Rate During the first quarter of the current Year, Reaching A Total Asset Portfolio Of EGP 137.43 Bn By The End Of March 2024, Compared To EGP 107.88 Bn By The End Of 2023.
EGBANK, Secured The Third Position With A Growth Rate Of 22.97% During the first quarter of the current Year, Recording Total Assets Of EGP 119.93 Bn By The End Of March 2024, Compared To EGP 97.52 Bn By The End Of 2023.
Faisal Bank Claims The Fourth Position With A Growth Rate Of 22.73% During the first quarter of the current Year, Reaching EGP 217.18 Bn In Total Assets By The End Of March 2024, Compared To EGP 176.96 Bn By The End Of 2023.
As For The Fifth Position, EBank Achieves A Growth Rate Of 20.33% During the first quarter of the current Year, With Total Assets Reaching EGP 140.49 Bn By The End Of March 2024, Compared To EGP 116.76 Bn By The End Of 2023.
All Values And Growth Rates Mentioned Are Based On Separate Declared Financial Statements Of Each Bank By The End Of March 2024.
Fastest growing listed banks in Assets during Q1-2024
# | Bank Name | Value during Q1-2024 | Value during 2023 | Growth rate % |
---|---|---|---|---|
1 | Suez Canal Bank | 136.015 Billlion pounds | 102.939 Billlion pounds | 32.13 % |
2 | SAIB BANK | 137.428 Billlion pounds | 107.879 Billlion pounds | 27.39 % |
3 | EGBANK | 119.925 Billlion pounds | 97.52 Billlion pounds | 22.97 % |
4 | Faisal Islamic Bank of Egypt | 217.183 Billlion pounds | 176.962 Billlion pounds | 22.73 % |
5 | Export Development Bank of Egypt-EBank | 140.487 Billlion pounds | 116.755 Billlion pounds | 20.33 % |
6 | Abu Dhabi Islamic Bank-ADIB Egypt | 189.595 Billlion pounds | 160.647 Billlion pounds | 18.02 % |
7 | Commercial International Bank-CIB | 972.359 Billlion pounds | 832.527 Billlion pounds | 16.8 % |
8 | Qatar National Bank-QNB | 722.164 Billlion pounds | 620.531 Billlion pounds | 16.38 % |
9 | alBaraka Bank Egypt | 113.022 Billlion pounds | 832.527 Billlion pounds | 12.52 % |
10 | Housing and Development Bank-HDB | 132.944 Billlion pounds | 620.531 Billlion pounds | 6.27 % |
11 | Credit Agricole Egypt | 110.351 Billlion pounds | 100.447 Billlion pounds | 4.11 % |