EGBANK, saib, and HD Bank, Fastest growing listed banks in net fees and commissions income in Q1-2024

First Bank List Of Fastest-Growing Banks In Net Fees And Commissions Income during the first 3M of this year 2023 Revealed That Egyptian Gulf Bank Topped The List With A Growth Rate Of 218%, Reaching Approximately EGP 336.7 mn In Q1-2024, Compared To EGP 106  Mn In 2023.

The List, Comprising 10 Banks Listed On The Egyptian Stock Exchange, Disclosed That 8 Banks Achieved Positive Growth Rates In Net Fees And Commissions Income while 2 Banks declined during the period under analysis. Faisal Islamic Bank Was Absent From The List For Not Disclosing Net Fees And Commissions Income.

saib Secured The Second Position With A Growth Rate Of 74.17%, Achieving A Net Income Of About EGP 274.8 Mn during Q1-2024, Compared To EGP 157.7 Mn In Q1-2023.

HD Bank Came In Third Place, With A Growth Rate Of 29.15%, Recording Approximately EGP 212.1  Mn In Net Fees And Commissions Income In Q1-2024, Compared To EGP 164.3 Mn during the same period In 2023.

Commercial International Bank Ranked Fourth, Achieving A Growth Rate Of 29.13%, Recording EGP 1.57 Bn In Net Fees And Commissions Income In Q1-2024, Compared To EGP 1.21 bn In Q1-2023.

AlBaraka Secured The Fifth Position, With A Growth Rate Of 28.34% In Net Fees And Commissions Income, Reaching Approximately EGP 138.2 mn In Q1-2024, Compared To EGP 107.7 mn during the same period 2023.

It’s Worth Noting That All The Mentioned Values And Growth Rates In The Analysis Above Are Based On Separate Financial Statements Announced By Each Bank by the end of March 2024.