EGBANK, alBaraka, and EBank, fastest growing listed banks in personal loans during Q1-2024
First Bank
The List Of First Bank For The Fastest Growing Banks In Personal Loans During the first 3 months of this Year Revealed That EGBANK Topped The List With A Growth Rate Of 22.24%, After Its Total Portfolio Jumped To EGP 9.41 Bn At The End Of March 2024, Compared To EGP 3.737 Bn In December 2023.
The List, Which Included 10 Banks Listed on The Egyptian Stock Exchange, Disclosed That 10 The Banks Under Analysis Achieved Positive Growth Rates In The Total Portfolio Of Their Personal Loans During The Period From January To March 2024 .
Returning To The List, alBaraka Bank Came In Second Place With A Growth Rate Of 21.79% During the first quarter of the this year, After Its Total Portfolio Rose To EGP 8.94 bn At The End Of March 2024, Compared To EGP 7.34 bn At The End Of December 2023.
Egyptian Export Development Bank Ranked Third with A Growth Rate Of 18.34% During the first quarter of the current Year, After Its Total Personal Loan Portfolio Jumped To EGP 7.49 Bn At The End Of March 2024, Compared To EGP 6.33 Bn At The End Of December 2023.
saib Ranked Fourth With A Growth Rate Of 17.34% During the first 3 months of 2024, After Its Total Personal Loan Portfolio Rose To EGP 12.06 Bn At The End Of March 2024, Compared To EGP 10.27 Bn At The End Of December 2023.
As For The Fifth Place, It Was Obtained By ADIB Egypt With A Growth Rate Of 13.04% During the first 3 months of this Year, After Its Total Personal Loan Portfolio Rose To EGP 19.18 Bn At The End Of March 2024, Compared To EGP 16.97 Bn At The End Of December 2023.
It Is Worth Noting That All The 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 personal loans during Q1-2024
| # | Bank Name | Value during Q1-2024 | Value during 2023 | growth rate |
|---|---|---|---|---|
| 1 |
EGBANK |
9.41 Billion pounds | 7.698 Billion pounds | 22.24 % |
| 2 |
alBaraka Bank Egypt |
8.942 Billion pounds | 7.342 Billion pounds | 21.79 % |
| 3 |
Export Development Bank of Egypt-EBank |
7.493 Billion pounds | 6.332 Billion pounds | 18.34 % |
| 4 |
SAIB BANK |
12.056 Billion pounds | 10.274 Billion pounds | 17.34 % |
| 5 |
Abu Dhabi Islamic Bank-ADIB Egypt |
19.184 Billion pounds | 16.971 Billion pounds | 13.04 % |
| 6 |
Suez Canal Bank |
3.955 Billion pounds | 3.592 Billion pounds | 10.11 % |
| 7 |
Commercial International Bank-CIB |
46.763 Billion pounds | 42.508 Billion pounds | 10.01 % |
| 8 |
Qatar National Bank-QNB  |
44.015 Billion pounds | 41.053 Billion pounds | 7.22 % |
| 9 |
Credit Agricole Egypt |
8.948 Billion pounds | 8.474 Billion pounds | 5.59 % |
| 10 |
Housing and Development Bank-HDB |
11.791 Billion pounds | 11.168 Billion pounds | 5.58 % |
