NBE ranks 1st at First Bank indicator for depositor confidence during H1/2022

11/2/2022 1:00:00 AM

The National Bank of Egypt came first on the First Bank index of depositor confidence:

National Bank of Egypt has taken the lead among banks working in the Egyptian market after increasing its deposits portfolio by EGP 400 billion recording 2.8 trillion pounds by the end of June up from 2.4 trillion pounds by December 2021, according to First Bank depositor confidence index.

First Bank index, first Egyptian index provider, has measured the deposit portfolio for 23 banks working in the Egyptian market in accordance with their financial statements. The index showed that 21 banks have succeeded in increasing their deposits; however two banks have recorded a decline in their deposits portfolio.

Banque Misr ranked second on First Bank depositor confidence index:

Banque Misr was ranked in second place on the index as it has succeeded in increasing its deposits portfolio by 233 billion pounds by the end of June to post 1.46 trillion pounds up from 1.23 trillion pounds by the end of December 2021.

It is worth mentioning that both Banque Misr and NBE deposits portfolios have witnessed such increase due to the issuance of the 18 percent saving certificate after collecting EGP 750 billion in around 70 days.

QNB Al Ahli Bank ranked third with an increase in its deposits amounting to 41.9 billion pounds at the end of June 2022, while the Agricultural Bank of Egypt ranked fourth with a growth in its deposit portfolio to 27.3 billion pounds at the end of the same period.

The Arab African Bank came fifth on the First Bank index of depositor confidence after it managed to increase its deposits by 24.5 billion pounds, followed by Commercial International Bank (CIB) in sixth place, with an increase of 21.5 billion pounds by the end of the first half of 2022.

Banque du Caire ranked seventh on the index after it succeeded in increasing its deposits portfolio by 19.4 billion pounds at the end of June 2022, while Abu Dhabi Commercial Bank – Egypt (ADCB) ranked eighth after it managed to double its deposits by 16.1 billion pounds at the end of the same period.

The Housing and Development Bank came in ninth place with an increase in its deposits amounting to 15.7 billion pounds at the end of June 2022, followed by the Ahli United Bank in the tenth place with an increase of 7.5 billion pounds by the end of the same period 2022.

The ratings mentioned in the above analysis are in accordance with the independent financial statements announced by each bank at the end of the first half of 2022.

First Bank indicator for depositor confidence during H1/2022

#	Bank name	Value by June end 2022	Value by December and 2021	Growth value
1	National Bank of Egypt-NBE	2.8 trillion pounds	2.4 trillion pounds	400 billion pounds
2	Banque Misr	1.46 trillion pounds	1.23 trillion pounds	223 billion pounds
3	Qatar National Bank-QNB	338.11 billion pounds	296.24 billion pounds	41.87 billion pounds
4	Agricultural Bank of Egypt	119.33 billion pounds	92 billion pounds	27.33 billion pounds
5	arab african international bank	184.47 billion pounds	159.99 billion pounds	24.48 billion pounds
6	Commercial International Bank-CIB	427.56 billion pounds	406.1 billion pounds	21.46 billion pounds
7	Banque Du Caire-BDC	217.7 billion pounds	198.28 billion pounds	19.42 billion pounds
8	Abu Dhabi Commercial Bank Egypt- ADCB	57.19 billion pounds	41.11 billion pounds	16.08 billion pounds
9	Housing and Development Bank-HDB	78.59 billion pounds	62.9 billion pounds	15.69 billion pounds
10	Al Ahli united bank Egypt	61.06 billion pounds	53.54 billion pounds	7.52 billion pounds
11	Abu Dhabi Islamic Bank-ADIB Egypt	82.56 billion pounds	75.8 billion pounds	6.76 billion pounds
12	EGBANK	70.79 billion pounds	64.42 billion pounds	6.37 billion pounds
13	Faisal Islamic Bank of Egypt	115.5 billion pounds	109.56 billion pounds	5.94 billion pounds
14	Al Ahli Bank of Kuwait Egypt -ABK Egypt	53.7 billion pounds	47.88 billion pounds	5.82 billion pounds
15	Suez Canal Bank	56.38 billion pounds	50.59 billion pounds	5.79 billion pounds
16	Export Development Bank of Egypt-EBank	69.98 billion pounds	64.38 billion pounds	5.6 billion pounds
17	Attijariwafa Bank Egypt	42.92 billion pounds	37.67 billion pounds	5.25 billion pounds
18	Bank of Alexandria-Alex Bank	100.12 billion pounds	95.72 billion pounds	4.4 billion pounds
19	SAIB BANK	66.49 billion pounds	62.33 billion pounds	4.16 billion pounds
20	BANK NXT	42.5 billion pounds	38.7 billion pounds	3.8 billion pounds
21	Credit Agricole Egypt	49.11 billion pounds	48.22 billion pounds	0.89 billion pounds
22	Emirates NBD Egypt	67.41 billion pounds	67.58 billion pounds	-0.17 billion pounds
23	alBaraka Bank Egypt	72.14 billion pounds	72.57 billion pounds	-0.43 billion pounds