CIB leads First Bank Index of Depositors' Confidence in Listed Banks during Q1- 2024

First Bank Index Of Depositors’ Confidence In Listed Banks By The End Of Last March Revealed That Commercial International Bank – Egypt Ranked First After It Succeeded In Increasing Its Customer Deposits Portfolio By EGP117.1Bn During The first quarter of the current Year, To Record EGP792.4 Bn By The End Of March 2024, Compared To EGP675.3Bn By The End Of December 2023.

First Bank Index Of Depositors’ Confidence Measured The Value Of The Increase In The Size Of Deposit Portfolios Of 11 Banks Listed On The Egyptian Stock Exchange During The Period From January To March 2024, And The Index Revealed That All Banks Were Able To Increase Their Customer Deposits Portfolios By A Total Value Of EGP 343.7 Bn During Q1- 2024.

First Bank Index Of Depositors’ Confidence Is An Index That Was Launched To Measure The Trends And Confidence Of Savers In Linking Deposits And Certificates To Egyptian Banks During A Certain Period.

The Index Relies On Measuring The Value Of The Increase In The Balance Of Deposit Portfolios Of Banks Listed On Egyptian Stock Exchange, So That The Largest Bank That Received New Deposits During The Period From January To March 2024 Is The First Bank On The Index.

Qatar National Bank- QNB Ranked Second, After Its Customer Deposits Portfolio Increased By EGP91.9Bn During The first quarter of this Year, To ReachEGP622Bn By The End Of March 2024, Compared To EGP 530.1 Bn By The End Of December 2023.

Faisal Islamic Bank – Egypt Came In Third, After It Managed To Increase Its Customer Deposits Portfolio By EGP26.9Bn During The first 3 months of this year, To Reach EGP157.3 Bn By The End Of March 2024, Compared To EGP130.5Bn By The End Of December 2023.

Export Development Bank -EBank Came In Fourth Place, After It Managed To Increase Its Customer Deposits Portfolio By An Increase Of EGP21bn During The First quarter of the current year, After Its Portfolio Size Rose To EGP 107.9 Bn By The End Of March 2024, Compared To EGP 86.9 Bn By The End Of December 2023.

The Fifth Place Was Won By Suez canal Bank, After Its Customer Deposits Portfolio Increased By EGP20Bn During The first 3 months of this Year, To Record EGP93.6Bn By The End Of March 2024, Compared To EGP73.6Bn By The End Of December 2023, Followed By Saib With An Increase Of EGP19.1Bn During The Same Period.

It Is Worth Noting That All The Numbers And Growth Values Mentioned In The Analysis Above Are According To Separate Financial Statements Announced For Each Bank By The End Of March 2024.