ADIB Egypt, saib, and AAIB Fastest-growing banks in total customer loans during Q1-2024

First Bank List of Egyptian Banks With The Fastest Growth In Total Customer Loans during The first quarter of the current Year Revealed That ADIB Egypt Topped The List With A Growth Rate Of 26.81%, With A Total Portfolio Of Around EGP86.18 Bn By The End Of March 2024, Compared To EGP67.96Bn At The End Of December 2023.

The List, Which Included 22 Banks Operating In The Egyptian Banking Sector With Available Financial Data During The Analysis Period, Showed That All Banks Achieved Positive Growth Rates In Their Total Loan Portfolios From January To March 2024.

saib Came In Second Place With A Growth Rate Of 23.80% during The first quarter of the current Year, With A Total Customer Loans Of EGP57.29bn By The End Of March 2024, Compared To EGP 46.28 Bn At The End Of December 2023.

Third Place Was Taken By arab African international Bank-AAIB With A Growth Rate Of 21.70% during The first quarter of the current Year, With A Total Loan Portfolio Of EGP 187.87 Bn By The End Of March 2024, Compared To EGP 154.38Bn At The End Of December 2023.

As For The Fourth Place, It Was Secured By EGBANK With A Growth Rate Of 21.66% during The first quarter of the current Year, With A Total Customer Loans Of EGP41.02bn By The End Of March 2024, Compared To EGP 33.71 Bn At The End Of December 2023.

Suez Canal Bank Ranked Fifth with A Growth Rate Of 19.32% during The first quarter of the current Year, As Its Total Customer Loan Portfolio increased From EGP 37.11 Bn At The End Of December 2023 To EGP 41.02 Bn By The End Of March 2024, Followed By QNB With A Growth Rate Of 18.47% during The Same Period.

Commercial international Bank Ranked Seventh With A Growth Rate Of 18% With A Total Customer Loans Of EGP312.83bn By The End Of March 2024, Compared To EGP 265.10 Bn At The End Of December 2023.

As For The Eighth Place, It Was Secured By Al Ahli Bank Of Kuwait – Egypt "ABK-Egypt" With A Growth Rate Of 17.92% during The first quarter of this Year, With A Total Customer Loans Of EGP55.43bn By The End Of March 2024, Compared To EGP 47 Bn At The End Of December 2023.

EBank Bank Ranked Ninth With A Growth Rate Of 16.03% During The first quarter of 2024, As Its Total Customer Loan Portfolio Increased From EGP 54.62 Bn At The End Of December 2023 To EGP 63.37Bn By The End Of March 2024.

ADCB Egypt Came In Tenth Place With A Growth Rate Of 14.05% during The first quarter of the current Year, With A Total Customer Loans Of EGP43.10bn By The End Of March 2024, Compared To EGP 37.79 Bn At The End Of December 2023.

It's Worth Noting That All The Mentioned Values And Growth Rates In The Above Analysis Are Based On Separate Financial Statements Issued By Each Bank By The End Of March 2024.