NBE ranks 1st at First Bank indicator for depositor confidence during H1/2022
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 | Arab Investment Bank- aiBANK | 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 |