AAIB, saib, and HD Bank, Top fastest-growing banks in net interest income during Q1-2024

FirstBank List of The Fastest-Growing Banks In Net Interest Income During The first quarter of the current year Revealed That Arab African International Bank (AAIB) Topped The List, As Its Net Interest Income Jumping By 124.28%, Recording Approximately EGP 7.575 Bn During the first quarter of 2024, Compared To EGP 3.377 Bn during Q1-2023.

The List Included 22 Banks Operating in The Egyptian Banking Sector, All Of Which Achieved Positive Growth Rates In Net Interest Income From January To March 2024.

Returning To the List, saib Took the Second Position With A Growth Rate Of 92.96%, Recording A Net Interest Income Of Approximately EGP 2.013 Bn The first quarter of the current year, Compared To EGP 1.043 Bn During the same period of 2023.

HD Bank Claimed the Third Position With A Growth Rate Of 82.59%, As Its Net Income From Returns Increased To EGP 3.720 Bn During The first quarter of this year, Compared To EGP2.037Bn During the same period of 2023.

Emirates NBD Egypt Come In Fourth Position With A Growth Rate Of 80.73%, Recording Net interest Income Of EGP 2.581 Bn During The first quarter of 2024, Compared To EGP 1.428 Bn During the same period of 2023.

Abu Dhabi Islamic Bank - Egypt Ranked Fifth with A Growth Rate Of 79.50%, Recording A Net Interest Income of Approximately EGP 3.175 Bn During The first quarter of 2024, Compared To EGP 3.83 Bn During the same period of 2023.

ADCB Egypt, Secured the Sixth Position with A Net Interest Income 79.24%, Recording EGP EGP1.684Bn the first quarter of this year, Compared To EGP 3.05 Bn during Q1- 2023, Followed By credit Agricole Bank With A Growth Rate Of 78.60% During The Same Period.

CIB - Egypt Ranked Eighth with A Growth Rate Of 73.19%, As Its Net Interest Income From returns Increased To EGP 18.760 Bn During The First 3M Of 2024, Compared To EGP 10.832 Bn During the first quarter of 2023.

EBank, Secured The Ninth Position With A Net Interest Income 72.37%, Recording EGP EGP1.892Bn During first quarter of 2024, Compared To EGP 1.098 Bn during the first quarter of 2023

ABK- Egypt Ranked Tenth with A Growth Rate Of 71.11%, Recording A Net Interest Income Of Approximately EGP 1.439 Bn During The first quarter of 2024, Compared To EGP 841 mn During the first quarter of 2023, Followed By aiBANK With A Growth Rate Of 66.79% During The Same Period.

It's Worth Noting That All The Values And Growth Rates Mentioned In The Analysis Above Are Based On Separate Financial Statements Announced By Each Bank As Of During Q1- 2024.