First Bank Has Revealed A List Of Listed Banks With The Highest Focus On Corporate Deposits During the first q

First Bank,Deposit portfolio,corporate deposits

EBank, and SC Bank, Top listed banks in focusing on corporate deposits by March 2024end

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First Bank Has Revealed A List Of Listed Banks With The Highest Focus On Corporate Deposits During the first quarter of 2024, Egyptian Export Development Bank "EBank" Topped The List After 83.94% Of Its Total Customer Deposits, Amounting To EGP 107.92 Bn By The End Of March 2024, Were Concentrated In The Corporate Deposits Portfolio Valued At EGP 90.58 Bn during The Same Period.

The List Sheds Light On The Strategies Of Listed Banks In Egypt In Diversifying Their Certificates And Products To Attract More Customers. It Uses The Criterion Of " Corporate Deposits/Total Deposits" To Provide An Indicator Of The Concentration Of A Bank's Deposit Portfolio In Corporate Deposits.

Following Closely In The List, Suez Canal Bank Secured The Second Position With 82.25% Of Its Deposit Portfolio, Worth EGP93.63 Bn, Concentrated In Corporate Deposits Valued At EGP 77.04 Bn At The End Of March 2024.

EGBANK Ranked Third, With 75.63% Of Its Deposit Portfolio, Totaling EGP 98.14 Bn, Focused On Corporate Deposits Valued At Approximately EGP 74.23 Bn By The End Of March 2024.

In The Fourth Position, Saib Obtained A 70.85% Share Of Its Deposit Portfolio, Amounting To EGP 104.41 Bn, From The Bank's corporate Deposit worth EGP 73.98 Bn By The End Of March 2024.

QNB Came In Fifth Place, With 67.33% Of Its Deposit Portfolio, Totaling EGP 622.01 Bn, Concentrated In Corporate Deposits Valued At EGP 418.79 Bn By The End Of March 2024.

It's Important to Note That The Values And Concentration Ratios Mentioned In The Analysis Are Based On The Independent Financial Statements Announced By Each Bank As Of The End Of March 2024.

Top listed banks in focusing on corporate deposits by March-2024end

# Bank Name corporate deposits At q1-2024 Total deposits At q1-2024 Concentration ratio %
1 Export Development Bank of Egypt-EBank
Export Development Bank of Egypt-EBank
90.582 Billion pounds 107.917 Billion pounds 83.94 %
2 Suez Canal Bank
Suez Canal Bank
77.035 Billion pounds 93.628 Billion pounds 82.25 %
3 EGBANK
EGBANK
747.225 Billion pounds 98.138 Billion pounds 75.63 %
4 SAIB BANK
SAIB BANK
73.981 Billion pounds 104.412 Billion pounds 70.85 %
5 Qatar National Bank-QNB
Qatar National Bank-QNB
418.793 Billion pounds 622.014 Billion pounds 67.33 %
6 Credit Agricole Egypt
Credit Agricole Egypt
55.58 Billion pounds 84.367 Billion pounds 65.88 %
7 Housing and Development Bank-HDB
Housing and Development Bank-HDB
59.321 Billion pounds 106.494 Billion pounds 55.7 %
8 Abu Dhabi Islamic Bank-ADIB Egypt
Abu Dhabi Islamic Bank-ADIB Egypt
77.9 Billion pounds 143.436 Billion pounds 54.31 %
9 alBaraka Bank Egypt
alBaraka Bank Egypt
45.54 Billion pounds 94.074 Billion pounds 48.41 %
10 Commercial International Bank-CIB
Commercial International Bank-CIB
348.849 Billion pounds 792.409 Billion pounds 44.02 %
11 Faisal Islamic Bank of Egypt
Faisal Islamic Bank of Egypt
4.547 Billion pounds 157.344 Billion pounds 2.89 %