SC Bank, EBank, and saib, fastest growing listed banks in corporate deposits during Q1-2024
First Bank
The List Of First Bank For The Fastest Growing Banks In Corporate Deposits During the first quarter of the current Year, Revealed That Suez Canal Bank Topped The List With A Growth Rate Of 30%, After Its Total Portfolio Rose To EGP77.04Bn At The End Of March 2024, Compared To EGP59.27Bn At The End Of December 2023.
The List, Which Included 11 Banks Listed On The Egyptian Stock Exchange, Disclosed That 9 Banks Of The Banks Under Analysis Achieved Positive Growth Rates In The Total Portfolio Of Corporate Deposits With Them, While 2 Banks Achieved Decline Rates In their Portfolio Of Corporate Deposits During The Period From January To March 2024.
Returning To The List, EBank Won The Second Place With A Growth Rate Of 22.83% During the first quarter of the current Year, To Record EGP90.58Bn At The End Of March 2024, Compared To EGP73.75Bn At The End Of December 2023.
saib Came In Third Place With A Growth Rate Of 21.33% During the first quarter of 2024, After The Total Portfolio Of Corporate Deposits With It Rose To EGP73.98Bn At The End Of March 2024, Compared To EGP60.98 Bn At The End Of December 2023.
EGBANK Won The Fourth Place With A Growth Rate Of 20.82% During the first quarter of the current Year, After The Size Of The Portfolio Of Corporate Deposits With It Jumped To EGP74.23Bn At The End Of March 2024, Compared To EGP 61.44 Bn At The End Of December 2023.
QNB AL AHLI Ranked Fifth With A Growth Rate Of 17.39% During the first quarter of the current Year, After The Total Portfolio Of Corporate Deposits With It Reached EGP418.79Bn At The End Of March 2024, Compared To EGP356.74Bn At The End Of December 2023.
It Is Worth Noting That All Values And Growth Rates Mentioned In The Analysis Above Are According To Separate Financial Statements Announced For Each Bank At The End Of March 2024.
Fastest growing listed banks in corporate deposits during Q1-2024
| # | Bank Name | Value at Q1-2024 | Value at 2023 | Growth rate% |
|---|---|---|---|---|
| 1 |
Suez Canal Bank |
77.035 Billion pounds | 59.27 Billion pounds | 29.97 % |
| 2 |
Export Development Bank of Egypt-EBank |
90.582 Billion pounds | 73.748 Billion pounds | 22.83 % |
| 3 |
SAIB BANK |
73.981 Billion pounds | 60.976 Billion pounds | 21.33 % |
| 4 |
EGBANK |
74.225 Billion pounds | 61.436 Billion pounds | 20.82 % |
| 5 |
Qatar National Bank-QNB Al Ahli |
418.793 Billion pounds | 356.741 Billion pounds | 17.39 % |
| 6 |
Commercial International Bank-CIB |
348.849 Billion pounds | 305.936 Billion pounds | 14.03 % |
| 7 |
Abu Dhabi Islamic Bank-ADIB Egypt |
77.9 Billion pounds | 69.409 Billion pounds | 12.23 % |
| 8 |
Housing and Development Bank-HDB |
59.321 Billion pounds | 55.154 Billion pounds | 7.56 % |
| 9 |
alBaraka Bank Egypt |
45.54 Billion pounds | 43.336 Billion pounds | 5.09 % |
| 10 |
Credit Agricole Egypt |
55.58 Billion pounds | 59.585 Billion pounds | -6.72 % |
| 11 |
Faisal Islamic Bank of Egypt |
4.547 Billion pounds | 4.894 Billion pounds | -7.09 % |
