SC Bank, Faisal Bank, and ADIB Top Listed banks in asset coverage ratio for deposits by March 2024end

First Bank List For Top Listed Banks In Asset Coverage Ratio For Deposits Revealed Suez Canal Bank As The Leader With A Coverage Ratio Of 145.27%. The Bank's Total Assets Amounted To EGP 136.01 Bn, While Deposits Reached EGP 93.6 Bn By The End Of March 2024.

The List, Which Included 11 Banks Listed On The Egyptian Stock Exchange By The End Of 2023, Revealed That All Banks Enjoyed Strong Ratios In Covering Their Customers' Deposits By March -2024End.

Asset Coverage Ratio For Deposits Reflects The Banks' Ability To Cover Their Customers' Deposits Using Their Asset Portfolios. It Is Classified Based On The Ratio (Assets/Deposits) × 100, And A Higher Ratio Indicates A High Level Of Security Provided By The Bank To Its Depositors Across Various Segments.

Faisal Islamic Bank Secured The Second Position After Registering An Asset Coverage Ratio For Deposits Of 138.03%. The Bank's Total Assets Reached EGP 217.2 Bn By The End Of March 2024, While Its Deposit Portfolio Recorded EGP 157.3 Bn During The Same Period.

ADIB Egypt Ranked Third with An Asset Coverage Ratio For Deposits Of 132.18% By The End Of March 2024. The Value Of Its Asset Portfolio Rose To EGP 189.6 Bn, While Its Deposits Reached EGP 143.4Bn During The Same Period.

saib Claimed the Fourth Position with an asset coverage Ratio for deposits of 131.62% By the end of March 2024. Its asset size reached EGP 137.4 bn, And Its deposit Portfolio Amounted to EGP 104.4bn by the end of March 2024.

Credit Agricole Bank Ranked Fifth With An Asset Coverage Ratio For Deposits Of 130.80%. Total Asset Portfolio Reached EGP 110.4 Bn, While Deposit Portfolio Amounted to EGP 84.4 Bn By The End Of March 2024, Followed by EBank With a Coverage Ratio of 130.18% During The Same Period.

It Should Be Noted That All Values And Coverage Ratios Mentioned In The Above Analysis Are Based On Separate Financial Statements Announced By Each Bank By The End Of March 2024.