Faisal Bank, CIB, and alBaraka Bank, Top listed banks in focusing on retail deposits by March-2024end
First Bank
According To The List Provided By FirstBank Of The Most Focused Listed Banks On Retail Deposits By The End Of The Previous March, Faisal Islamic Bank Egypt Topped The List. Bank's Retail Deposits Accounted For 97.11% Of The Total Customer Deposits, Amounting To EGP 157.34 Bn By The End Of March 2024 The Bank's Portfolio Of Retail Deposits Stood At EGP 152.80 Bn During The Same Period.
The List Reveals The Strategies Of The Banks Listed On The Egyptian Stock Exchange In Structuring Their Deposit Portfolios, Specifically In Terms Of Diversifying Certificate Offerings And Products To Attract More Customers. The List Is Based On The Criterion Of Retail Deposits Divided By Total Deposits, Providing An Indicator Of How Focused A Bank's Deposit Portfolio Is On Retail Deposits.
Commercial International Bank (CIB) Egypt Secured The Second Position, With 55.98% Of Its Deposit Portfolio Valued At EGP 792.41 Bn By The End Of March 2024, Dedicated To Retail Deposits, Which Amounted To EGP 443.56 Bn During The Same Period.
alBaraka Bank Ranked Third, With 51.59% Of Its Total Deposit Portfolio Of EGP 94.07 Bn By The End Of March 2024 Dedicated To Retail Deposits, Which Amounted To EGP 48.54 Bn During The Same Period.
Abu Dhabi Islamic Bank – Egypt Claimed The Fourth Position, With 45.69% Of Its Deposit Portfolio, Totaling EGP 143.44 Bn, Dedicated To Retail Deposits Amounting To Approximately EGP 65.54 Bn By The End Of March 2024.
The Fifth Position Went To Housing And Development Bank With 44.30% Of Its Deposit Portfolio, Valued At EGP 106.49 Bn, Focused On Retail Deposits Amounting To EGP 47.17 Bn By The End Of March 2024.
It's Worth Noting That The Values And Concentration Ratios Mentioned In The Analysis Above Are Based On The Separate Financial Statements Announced By Each Bank As Of March 2024.
Top listed banks in focusing on retail deposits by March-2024end
| # | Bank Name | retail deposit s At Q1-2024 | Total deposit s At Q1-2024 | concentration ratio % |
|---|---|---|---|---|
| 1 |
Faisal Islamic Bank of Egypt |
152.796 Billion pounds | 157.344 Billion pounds | 97.11 |
| 2 |
Commercial International Bank-CIB |
443.56 Billion pounds | 792.409 Billion pounds | 55.98 |
| 3 |
alBaraka Bank Egypt |
48.535 Billion pounds | 94.074 Billion pounds | 51.59 |
| 4 |
Abu Dhabi Islamic Bank-ADIB Egypt |
65.536 Billion pounds | 143.436 Billion pounds | 45.69 |
| 5 |
Housing and Development Bank-HDB |
47.172 Billion pounds | 106.494 Billion pounds | 44.3 |
| 6 |
Credit Agricole Egypt |
28.787 Billion pounds | 84.367 Billion pounds | 34.12 |
| 7 |
Qatar National Bank-QNB  |
203.221 Billion pounds | 622.014 Billion pounds | 32.67 |
| 8 |
SAIB BANK |
30.431 Billion pounds | 104.412 Billion pounds | 29.15 |
| 9 |
EGBANK |
23.913 Billion pounds | 98.138 Billion pounds | 24.37 |
| 10 |
Suez Canal Bank |
16.593 Billion pounds | 93.628 Billion pounds | 17.72 |
| 11 |
Export Development Bank of Egypt-EBank |
17.334 Billion pounds | 107.917 Billion pounds | 16.06 |
