ADIB Egypt, HD Bank, and CIB, fastest growing listed banks in direct loans during Q1-2024
First Bank
First Bank List Revealed the Fastest-Growing Listed Banks in Direct Loans During The first quarter of the current Year. ADIB Egypt Topped the List with A Growth Rate Of 25.82%, Reaching A Total Portfolio of EGP 51.24 Bn by The End of March 2024, Compared To EGP40.73 Bn In December 2023.
The List, including 10 Banks Listed on The Egyptian Stock Exchange (Excluding Faisal Islamic Bank), Showed That all Banks Achieved Positive Growth Rates In Their Total Direct Loan Portfolios, From January To March 2024.
Returning To the List, HD Bank, Secured the Second Position with A Growth Rate Of 19.45% During The first quarter of the current Year. Its Total Portfolio Reached EGP12.13Bn By the End of March 2024, Compared To EGP10.15 Bn At The End Of December 2023
Commercial International Bank (CIB) Of Egypt Come in Third Place with A Growth Rate Of 19.33% During the first 3 months of this year. Its Total Direct Loan Portfolio Reached EGP 117.50 Bn By The End Of March 2024, Compared To EGP98.47Bn At The End Of December 2023.
SC Bank Claimed The Fouth Position With A Growth Rate Of 13.28% During the first 3 months of 2024, Its Total Direct Loan Portfolio Reaching EGP4.91Bn By The End Of March 2024, Compared To EGP4.34Bn At The End Of December 2023.
QNB AL AHLI Secured the Fifth Position On The List With A Growth Rate Of 12.02% During Q1-2024. Its Total Direct Loan Portfolio Reached EGP 88.08 Bn By The End Of March 2024, Compared To EGP78.62 Bn At The End Of December 2023.
It Is Important To Note That All Values And Growth Rates Mentioned In The Analysis Are Based On Separate Announced Financial Statements Of Each Bank By The End Of March 2024.
Fastest growing listed banks in direct loans during Q1-2024
| # | Bank Name | Value during Q1-2024 | Value during 2023 | Growth rate % |
|---|---|---|---|---|
| 1 |
Abu Dhabi Islamic Bank-ADIB Egypt |
51.24 Billion pounds | 40.726 Billion pounds | 25.82 % |
| 2 |
Housing and Development Bank-HDB |
12.128 Billion pounds | 10.153 Billion pounds | 19.45 % |
| 3 |
Commercial International Bank-CIB |
117.502 Billion pounds | 98.469 Billion pounds | 19.33 % |
| 4 |
Suez Canal Bank |
4.913 Billion pounds | 4.337 Billion pounds | 13.28 % |
| 5 |
Qatar National Bank-QNB  |
88.077 Billion pounds | 78.623 Billion pounds | 12.02 % |
| 6 |
Credit Agricole Egypt |
22.294 Billion pounds | 19.964 Billion pounds | 11.67 % |
| 7 |
EGBANK |
14.79 Billion pounds | 13.607 Billion pounds | 8.69 % |
| 8 |
Export Development Bank of Egypt-EBank |
10.653 Billion pounds | 9.807 Billion pounds | 8.63 % |
| 9 |
alBaraka Bank Egypt |
34.234 Billion pounds | 31.619 Billion pounds | 8.27 % |
| 10 |
SAIB BANK |
7.918 Billion pounds | 7.588 Billion pounds | 4.35 % |
