SC Bank, alBaraka, and HD Bank, Fastest growing listed banks in credit cards during Q1-2024

First Bank List Of The Fastest-Growing Listed Banks In Credit Cards during Q1 of this year Revealed That SC Bank Topped The List With A Growth Rate Of 56.91%, Reaching A Portfolio Size Of EGP 75.24 Mn By The End Of March 2024, Compared To EGP 47.96 Mn By The End Of December 2023.

The List, Comprising 10 Banks Listed On The Egyptian Stock Exchange, Disclosed Positive Growth Rates In The Total Credit Card Portfolios Of All Banks During The Period From January To March 2024. Faisal Islamic Egyptian Bank Was Absent From The Ranking Due To The Unavailability Of Its Portfolio Value In Its Financial Statements.

  AlBaraka, Secured The Second Position With A Growth Rate Of 41.94% during Q1-2024, Reaching A Credit Card Portfolio Size Of EGP 85.21 Mn By The End Of March 2024, Compared To EGP 60.03 Mn By The End Of December 2023. 

The Third Position Went To HD Bank, With A Credit Card Portfolio Growth Rate Of 35.09% During Q1-2024, Recording EGP 172.29 Mn By The End Of March 2024, Compared To EGP 127.54 Mn By The End Of December 2023.

  EBank Claimed The Fourth Spot With A Growth Rate Of 22%, As Its Credit Card Portfolio Reached EGP 207.07 Mn By The End Of March 2024, Compared To EGP 169.73 Mn By The End Of December 2023.  

Abu Dhabi Islamic Bank - Egypt Ranked Fifth With A Growth Rate Of 11.20% during Q1-2024, Reaching A Credit Card Portfolio Size Of EGP 943.12 mn By The End Of March 2024, Compared To EGP 848.11 mn By The End Of December 2023. 

It's Important To Note That All Values And Growth Rates Mentioned In The Analysis Are Based On Separate Financial Statements Announced By Each Bank At The End Of March 2024.