ADIB, saib, and EGBANK, Fastest growing listed banks in corporate loans during Q1-2024
First Bank
First Bank List Of The Fastest-Growing Banks In Corporate Loans During Q1-2024 Revealed That Abu Dhabi Commercial Bank Egypt Topped The List With A Growth Rate Of 32.02%, Reaching A Total Portfolio Of EGP 65.56 Bn By The End Of March 2024, Compared To EGP 49.66 Bn At The End Of December 2023.
The List, Including 11 Banks Listed On The Egyptian Stock Exchange, Disclosed That All Banks Achieved Positive Growth Rates In Their Total Corporate Loan Portfolios During The Period From January To March 2024. saib Secured The Second Position With A Growth Rate Of 27.07% In Its Corporate Loans During Q1-2024, Reaching EGP 42.71 Bn By The End Of March 2024, Compared To EGP 33.61 Bn At The End Of December 2023.
EGBANK Claimed The Third Position With A Growth Rate Of 22.05% During Q1-2024, As Its Total Corporate Loan Portfolio exceeded EGP 30.94 Bn By The End Of March 2024, Compared To EGP 25.35 Bn At The End Of December 2023.
QNB AlAhli Took The Fourth Position With A Growth Rate Of 21.17% During Q1-2024, As Its Total Portfolio Reached EGP 260.06 Bn By The End Of March 2024, Compared To EGP 214.62 Bn At The End Of December 2023.
CIB Ranked Fifth With A Growth Rate Of 20.76% During Q1-2024, Reaching A Corporate Loan Portfolio Of EGP 247.61 Bn By The End Of March 2024, Compared To EGP 205.04 Bn At The End Of December 2023.
It’s Worth Noting That All The Values And Growth Rates Mentioned In The Above Analysis Are Based On Separate Financial Statements Announced By Each Bank At The End Of March 2024.
Fastest growing listed banks in corporate loans during Q1-2024
| # | Bank Name | Value during Q1-2024 | value during 2023 | growth rate % |
|---|---|---|---|---|
| 1 |
Abu Dhabi Islamic Bank-ADIB Egypt |
65.559 Billion pounds | 49.658 Billion pounds | 32.02 % |
| 2 |
SAIB BANK |
42.709 Billion pounds | 33.61 Billion pounds | 27.07 % |
| 3 |
EGBANK |
30.935 Billion pounds | 25.346 Billion pounds | 22.05 % |
| 4 |
Qatar National Bank-QNB  |
260.061 Billion pounds | 214.617 Billion pounds | 21.17 % |
| 5 |
Commercial International Bank-CIB |
247.605 Billion pounds | 205.039 Billion pounds | 20.76 % |
| 6 |
Suez Canal Bank |
40.191 Billion pounds | 33.401 Billion pounds | 20.33 % |
| 7 |
Export Development Bank of Egypt-EBank |
54.539 Billion pounds | 46.904 Billion pounds | 16.28 % |
| 8 |
Faisal Islamic Bank of Egypt |
14.687 Billion pounds | 12.765 Billion pounds | 15.06 % |
| 9 |
alBaraka Bank Egypt |
39.918 Billion pounds | 36.147 Billion pounds | 10.43 % |
| 10 |
Housing and Development Bank-HDB |
22.712 Billion pounds | 20.569 Billion pounds | 10.42 % |
| 11 |
Credit Agricole Egypt |
34.162 Billion pounds | 31.84 Billion pounds | 7.29 % |
