saib, HD Bank, and ADIB Egypt, Fastest growing listed banks in net interest income in Q1-2024
First Bank
First Bank List Of Fastest-Growing Listed Banks In Net Interest Income Revealed That saib Topped The List, With A 92.96% Growth Rate In Net Income, Reaching EGP 2.01 Bn during Q1-2024 Compared To EGP 1.04 Bn during the same period 2023.
The Analysis Included 11 Banks Listed On The Egyptian Stock Exchange, All Achieving Positive Growth Rates In Net Interest Income From January To March 2024.
Housing and Development Bank Came Second With A Growth Rate Of 82.59%, Recording EGP 3.72 Bn In Net Interest Income During Q1-2024, Compared To EGP 2.04 Bn In Q1-2023.
Abu Dhabi Islamic Bank – Egypt (ADIB) Secured The Third Position With An 79.50% Growth Rate, Registering A Net Interest Income Of EGP 3.18 Bn In Q1-2024, Compared To EGP 1.77 Bn during the same period In 2023.
Credit Agricole Egypt Claimed The Fourth Position With An 78.60% Growth Rate, Reporting A Net Interest Income Of EGP 2.68 Bn In Q1-2024, Compared To EGP 1.50 Bn In Q1-2023.
CIB Ranked Fifth, Achieving A Growth Rate Of 73.19% With A Net Interest Income Of EGP 18.76 Bn In Q1-2024, Compared To EGP 10.83 Bn during the same period in 2023.
It’s Worth Noting That All Values And Growth Rates Mentioned Are Based On Separate Declared Financial Statements Of Each Bank At The End Of March, 2024.
Fastest growing listed banks in Net interest income during Q1-2024
| # | Bank Name | Value during Q1-2024 | Value during 2023 | growth rate % |
|---|---|---|---|---|
| 1 |
SAIB BANK |
2.013 Billion pounds | 1.043 Billion pounds | 92.96 % |
| 2 |
Housing and Development Bank-HDB |
3.72 Billion pounds | 2.037 Billion pounds | 82.59 % |
| 3 |
Abu Dhabi Islamic Bank-ADIB Egypt |
3.175 Billion pounds | 1.769 Billion pounds | 79.5 % |
| 4 |
Credit Agricole Egypt |
2.679 Billion pounds | 1.5 Billion pounds | 78.6 % |
| 5 |
Commercial International Bank-CIB |
18.76 Billion pounds | 10.832 Billion pounds | 73.19 % |
| 6 |
Export Development Bank of Egypt-EBank |
1.892 Billion pounds | 1.098 Billion pounds | 72.37 % |
| 7 |
Suez Canal Bank |
1.091 Billion pounds | 707 million pounds | 54.22 % |
| 8 |
Qatar National Bank-QNB  |
9.718 Billion pounds | 6.522 Billion pounds | 49 % |
| 9 |
alBaraka Bank Egypt |
1.337 Billion pounds | 1.051 Billion pounds | 27.19 % |
| 10 |
EGBANK |
1.189 Billion pounds | 923 million pounds | 28.75 % |
| 11 |
Faisal Islamic Bank of Egypt |
1.652 Billion pounds | 1.454 Billion pounds | 13.65 % |
