Credit Agricole, saib, and QNB AL Ahli, fastest growing listed banks in syndicated loans During Q1-2024

First Bank List Of Listed Banks With The Fastest Growth In Syndicated Loans During the first 3 months of the current Year Revealed That Credit Agricole Bank – Egypt Topped The List With A Growth Rate Of 47.41%, Recording A Syndicated Loan Portfolio Size Of EGP2.02bn By The End Of March 2024, Compared To EGP1.37bn By The End Of December 2023.

The List, Which Included 10 Banks Listed on The Egyptian Stock Exchange (Excluding Faisal Islamic Egyptian Bank), Disclosed That all Banks Achieved Positive Growth Rates In Their Syndicated Loan Portfolios From January To March 2024.

Returning To The List, saib Claimed The Second Position After Its Syndicated Loan Portfolio Jumped By 43.21% During the first 3 months of this Year, Reaching EGP19.91Bn By The End Of March 2024, Compared To EGP13.90Bn By The End Of December 2023.

QNB AL AHLI Secured The Third Position With A Growth Rate Of 38.47% During the first 3 months of this Year, As Its Syndicated Loan Portfolio Increased To EGP 30.80Bn By The End Of March 2024, Compared To EGP22.24Bn By The End Of December 2023.

As For The Fourth Position, It Was Secured By EGBANK After Its Syndicated Loan Portfolio Jumped By 36.58% During The first quarter of 2024, Reaching EGP 11.07 Bn By The End Of March 2024, Compared To EGP8.11Bn By The End Of December 2023.

ADIB Egypt Achieved The Fifth Position With A Growth Rate Of 31.07% During The first quarter of the current year, As Its Total Syndicated Loan Portfolio Rose To EGP1.04By The End Of March 2024, Compared To EGP 795 mn By The End Of December 2023.

It’s Worth Noting 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.