EBank, and SC Bank, Top listed banks in focusing on corporate deposits by March 2024end
First Bank
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 |
90.582 Billion pounds | 107.917 Billion pounds | 83.94 % |
| 2 |
Suez Canal Bank |
77.035 Billion pounds | 93.628 Billion pounds | 82.25 % |
| 3 |
EGBANK |
747.225 Billion pounds | 98.138 Billion pounds | 75.63 % |
| 4 |
SAIB BANK |
73.981 Billion pounds | 104.412 Billion pounds | 70.85 % |
| 5 |
Qatar National Bank-QNB Al Ahli |
418.793 Billion pounds | 622.014 Billion pounds | 67.33 % |
| 6 |
Credit Agricole Egypt |
55.58 Billion pounds | 84.367 Billion pounds | 65.88 % |
| 7 |
Housing and Development Bank-HDB |
59.321 Billion pounds | 106.494 Billion pounds | 55.7 % |
| 8 |
Abu Dhabi Islamic Bank-ADIB Egypt |
77.9 Billion pounds | 143.436 Billion pounds | 54.31 % |
| 9 |
alBaraka Bank Egypt |
45.54 Billion pounds | 94.074 Billion pounds | 48.41 % |
| 10 |
Commercial International Bank-CIB |
348.849 Billion pounds | 792.409 Billion pounds | 44.02 % |
| 11 |
Faisal Islamic Bank of Egypt |
4.547 Billion pounds | 157.344 Billion pounds | 2.89 % |
