alBaraka Bank, EGBANK, and saib, Fastest-growing listed banks in retail loans during Q1-2024
First Bank
According To First Bank List Of The Fastest-Growing Listed Banks In Retail Loans During the first quarter of the current Year, alBaraka Bank Topped The List With A Growth Rate Of 21.24%, Reaching A Total Portfolio Of EGP 9.19 Bn By The End Of March 2024, Compared To EGP 7.58 Bn By The End Of December 2023.
The List, including 11 Banks Listed On The Egyptian Stock Exchange, Reveals Positive Growth Rates In Retail Loan Portfolios For all Banks Analyzed During The Period From January To March 2024.
EGBANK Secured The Second Position With A Growth Rate Of 20.49% During the first quarter of the current Year, Reaching A Total Retail Loan Portfolio Of EGP 10.08 Bn By The End Of March 2024, Compared To EGP 8.37 Bn By The End Of December 2023.
saib Claimed the Third Position With A Growth Rate Of 15.12% During the first quarter of the current Year, Registering EGP 14.58 Bn In Retail Loans By The End Of March 2024, Compared To EGP 12.67 Bn By The End Of December 2023.
EBank Ranked Fourth With A Growth Rate Of 14.53% During the first quarter of the current Year, Reaching A Total Retail Loan Portfolio Of EGP 8.83 Bn By The End Of March 2024, Compared To EGP 7.71 Bn By The End Of December 2023.
The Fifth Position Was Secured By ADIB Egypt, With A Growth Rate Of 14.53% During the first quarter of the current Year, Recording EGP 8.83 Bn In Retail Loans By The End Of March 2024, Compared To EGP 7.71 Bn By The End Of December 2023.
It’s Worth Noting That All Values and Growth Rates Mentioned In The Analysis Are Based On Separate Financial Statements Announced By Each Bank By The End Of March 2024.
Fastest growing listed banks in retail loans during Q1-2024
| # | Bank Name | Value during Q1-2024 | Value during 2023 | growth rate % |
|---|---|---|---|---|
| 1 |
alBaraka Bank Egypt |
9.19 Billion pounds | 7.58 Billion pounds | 21.24 % |
| 2 |
EGBANK |
10.08 Billion pounds | 8.366 Billion pounds | 20.49 % |
| 3 |
SAIB BANK |
14.584 Billion pounds | 12.668 Billion pounds | 15.12 % |
| 4 |
Export Development Bank of Egypt-EBank |
8.834 Billion pounds | 7.713 Billion pounds | 14.53 % |
| 5 |
Abu Dhabi Islamic Bank-ADIB Egypt |
20.626 Billion pounds | 18.303 Billion pounds | 12.69 % |
| 6 |
Suez Canal Bank |
4.094 Billion pounds | 3.713 Billion pounds | 10.26 % |
| 7 |
Commercial International Bank-CIB |
65.227 Billion pounds | 60.065 Billion pounds | 8.59 % |
| 8 |
Qatar National Bank-QNB Al Ahli |
58.118 Billion pounds | 53.96 Billion pounds | 7.71 % |
| 9 |
Credit Agricole Egypt |
11.474 Billion pounds | 10.866 Billion pounds | 5.6 % |
| 10 |
Housing and Development Bank-HDB |
25.782 Billion pounds | 24.916 Billion pounds | 3.48 % |
| 11 |
Faisal Islamic Bank of Egypt |
3.351 Billion pounds | 3.285 Billion pounds | 2.01 % |
