QNB, and CIB: Top listed banks on First Bank credit competitiveness index during Q1-2024

First Bank Credit Competitiveness Index For Listed Banks During The first quarter of the current Year Revealed Qatar National Bank – QNB Securing The First Position On The Index. The Bank's Total Loans and Facilities For Its Customers Increased To EGP318.18 Bn Tn By The End Of March 2024, Compared To EGP 268.58 Bn By The End Of December 2023, Marking An Increase Of Approximately EGP 49.60 Bn.

The Index Noted a Overall Increase In The Total Loans And Facilities Portfolios Of 11 Listed Banks On The Egyptian Stock Exchange, With All Banks Collectively Increasing By EGP 163.10 Bn From January To March 2024.

First Bank Credit Competitiveness Index Measures the Ability Of Listed Banks On The Egyptian Stock Exchange To Offer Credit Or Loan Products To Attract Customers, Both Individuals And Companies. It Relies On The Absolute Value Of Growth In The Total Customer Loans, Reflecting The Bank’s Success In Building Its Portfolio.

Commercial International Bank– “CIB” Secured the Second Position, Its Total Loans And Facilities For Customers Increasing By EGP 47.73Bn During The first quarter of this Year, Reaching EGP 312.83 Bn By The End Of March 2024, Compared To EGP 265.10 Bn By The End Of December 2023.

ADIB Egypt Took the Third Position, With Its Total Loan and Facility Portfolio Reaching EGP 86.18 Bn By The End Of March 2024, Compared To EGP 67.96 Bn By The End Of December 2023, An Increase Of EGP 18.22 Bn During Q1- 2024.

saib Claimed The Fourth Position, With A Total Loans And Facilities Portfolio Of EGP 57.29 Bn By The End Of March 2024. Compared To EGP 46.28 Bn By The End Of December 2023, an Increase Of EGP 11.02 Bn.

EBank Claimed The Fifth Position With A Total Loans And Facilities Portfolio Of EGP 63.37 Bn By The End Of March 2024 Compared To EGP 54.62 Bn By The End Of December 2023, With An Increase Of EGP 8.76 Bn.

It’s Important To Note That All Absolute Values And Growth Figures Mentioned Above Are Based On Separate Financial Statements Announced By Each Bank At The End Of March 2024.