SC Bank, EBank, and AAIB Fastest-growing banks in customer deposits during Q1-2024

FirstBank List Of The Fastest-Growing Banks In Customer Deposits during The First quarter of the current Year Revealed That The Suez Canal Bank Topped The List With A Growth Rate Of 27.13%, As Its Total Portfolio Reached EGP 93.6Bn By The End Of March 2024, Compared To EGP 73.6 Bn By The End Of December 2023.

The List Included 22 Banks Operating In The Egyptian Banking Sector, With Their Financial Data Available For Analysis. It Revealed That All Banks Achieved Positive Growth Rates In Their Customer Deposit Portfolios, From January To March 2024.

EBank Secured The Second Position On The List With A Growth Rate of 24.14% In Its Customer Deposit Portfolio During The First quarter of the current Year, Increasing From EGP 86.9Bn By The End Of December 2023 To Reach EGP 107.9Bn By The End Of March 2024.

Arab African International Bank-AAIB Took The Third Position After Its Customer deposit Portfolio Grew By 23.14% during The First quarter of the current Year, Reaching Approximately EGP 484.9 Bn By The End Of March 2024, Compared To EGP 393.7Bn By The End Of December 2023.

saib come in fourth position After Its Customer Deposit Portfolio Grew By 22.34% During The First quarter of the current Year, recording EGP 104.4 Bn By The End Of March 2024, Compared To EGP 85.3 Bn By The End Of December 2023.

EGBANK Secured The Fifth Position After Its Customer Deposit Portfolio Grew By 20.95% During the First quarter of the current Year, Rising From EGP 81.1 Bn By The End Of December 2023 To EGP 98.1 Bn By The End Of March 2024.

Faisal Bank Took The Sixth Position With A Growth Rate Of 20.61% During the First 3 months of the current Year, Recording Total Deposits Of EGP 157.3 Bn By The End Of March 2024, Compared To EGP 130.5Bn By The End Of December 2023, Followed By NBK Egypt With A Growth Rate Of 19.63% During The Same Period.

Commercial International Bank-CIB Ranked Eighth With A Growth Rate Of 17.34% In Its Customer Deposit Portfolio During the First 3 months of this Year, As Its Total Deposits Reached EGP 792.4 Bn By The End Of March 2024, Compared To EGP 675.3 Bn By The End Of December 2023.

QNB Ranked Ninth With A Growth Rate Of 17.33% In Its Customer Deposit Portfolio During the First quarter of of the current Year, As Its Total Deposits Reached EGP 622 Bn By The End Of March 2024, Compared To EGP 530.1 Bn By The End Of December 2023.

ABK-Egypt Came In Tenth Place With A Growth Rate Of 15.41% During the First 3 months of the current Year, As Its Total Customer Deposit Portfolio Reached EGP 95.9 Bn By The End Of March 2024, Compared To EGP 83.1 Bn By The End Of December 2023, Followed By aiBANK With A Growth Rate Of 14.26% 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 The End Of March 2024.