SC Bank, AAIB, and EBank, fastest growing banks in corporate deposits during Q1- 2024

The List Of First Bank For The Fastest Growing Banks In Corporate Deposits during The first quarter of this Year Revealed that SC Bank Topped The List With A Growth Rate Of 29.79%, After Its Total Corporate Deposits Rose To EGP 77.04 Bn At The End Of March 2024, Compared To EGP 59.27 Bn At The End Of December 2023.

First Bank List Tracked The Size Of Corporate Deposits In 22 Banks Operating In The Egyptian Banking Sector That Provided Data During The Analysis Period. 18 Banks Achieved Positive Growth Rates In Their Total Institutional Deposits Portfolios, While 4 other Banks Recorded Decreases From January To March 2024.

Returning To the List, Arab African International Bank- AAIB Won The Second Place With A Growth Rate Of 27.73% During The first quarter of this Year, To Record EGP 291.56 Bn At The End Of March 2024, Compared To EGP 228.26 Bn At The End Of December 2023.

EBank Came In Third Place With A Growth Rate Of 22.83% During The first quarter of the current Year, After The Total Portfolio Of Corporate Deposits Rose To EGP 90.58 Bn At The End Of March 2024, Compared To EGP 73.75 Bn At The End Of December 2023.

NBK Egypt Ranked Fourth with A Growth Rate Of 22.41% during The first 3 months of the current Year, After The Total Portfolio Of Corporate Deposits Reached EGP 72.34 Bn At The End Of March 2024, Compared To EGP 59.09 Bn At The End Of December 2023.

Saib Come In Fifth Place After Its Corporate Deposits Increased By 21.33% During The first quarter of the current Year, Registering EGP 73.98 Bn By The End Of March 2024, Compared To EGP60.98 Bn By The End Of December 2023, Followed By EGBANK With Growth Rate Of 20.82% during The Same Period.

QNB Ranked Seventh With A Growth Rate Of 17.39% During The first quarter of the current Year, Recording The Size Of Its Corporate Deposit Portfolio Of EGP 418.79 Bn By The End Of March 2024, Compared To EGP356.74 Bn By The End Of December 2023.

ABK-Egypt Come in Eighth Position, With A Growth Rate Of 16% during The first quarter of the current Year, After Registering Total Corporate Deposits EGP 71.44 Bn By The End Of March 2024, Compared To EGP61.60 Bn By The End Of December 2023.

CIB Ranked Ninth With A Growth Rate Of 14.03% During The first quarter of the current Year, Recording The Size Of Its Corporate Deposit Portfolio Of EGP 348.85 Bn By The End Of March 2024, Compared To EGP305.94 Bn By The End Of December 2023.

Abu Dhabi Islamic Bank Of Egypt -ADIB Egypt Come In Tenth Place After Its Corporate Deposits Rose By 12.23% During the first 3 months of this year, Registering EGP 77.90 Bn By The End Of March 2024, Compared To EGP69.41 Bn By The End Of December 2023.

It Is Worth Noting That All Values And Growth Rates Mentioned In The Analysis Above Are According To Separate Financial Statements Announced For Each Bank At The End Of March 2024.