Credit Agricole, EGBANK, and CIB, Fastest-growing listed banks in financial investments during Q1-2024

First Bank List Revealed the Fastest-Growing Listed Banks in Financial Investments During the First Quarter of The Current Year. Credit Agricole Bank -Egypt Topped the List with A Growth Rate Of 35.60%, Reaching A Total Portfolio Of EGP 24.35 Bn By The End Of March 2024, Compared To EGP17.96 Bn In December 2023.

The List, included 11 Banks Listed on The Egyptian Stock Exchange, Revealed That 8 Banks Achieved Positive Growth Rates In The Total Value Of Their Financial Investment Portfolios And T-Bills Meanwhile, 3 Banks Experienced A Decline In Their Total Financial Investments During The Period From January To March 2024.

Returning To the List, EGBANK Claimed the Second Position With A Growth Rate Of 33.85% During The First Quarter Of The Current Year, Reaching A Total Investment Portfolio And T-Bills Of EGP 54.12 Bn By The End Of March 2024, Compared To EGP40.43Bn At The End Of December 2023.

Commercial international Bank-CIB Secured the Third Position With A Growth Rate Of 26.66% During The First Quarter Of this Year. The Total Portfolio of Financial Investments And Treasury Bills At The Bank Rose To EGP 342.15 Bn By The End Of March 2024, Compared To EGP270.14Bn At The End Of December 2023.

In Fourth Place, Faisal Islamic Bank Achieved A Growth Rate Of 17.82% During The First Quarter Of The Current Year, Recording A Total Financial Investment and Treasury Bills Approximately EGP113.42Bn By The End Of March 2024, Compared To EGP96.26 Bn At The End Of December 2023.

ADIB Egypt Occupied the Fifth Position with A Growth Rate Of 12.01% During The First Quarter Of The Current Year. The Total Financial Investments Reached Approximately EGP37.67Bn By The End Of March 2024, Compared To EGP33.63Bn At The End Of December 2023.

It Is Worth Noting That All The Values And Growth Rates Mentioned In The Analysis Are Based On Separate Financial Statements Announced By Each Bank At The End Of March 2024.