alBaraka, EGBANK, and saib Top fastest growing banks in retail loans during Q1-2024

First Bank List of The Fastest Growing Banks In Retail Loans During The First 3M Of This Year Revealed That alBaraka Bank Was Leading The List, After Its Portfolio Size Jumped By 21.24%, To Register EGP 9.19 Bn By The End Of March 2023, Compared To EGP7.58Bn By The End Of December 2023.

The List That Includes 22 Banks Operating in The Egyptian Banking Sector, For Which Financial Statements Were Made Available During the Period Under Analysis, Revealed all Banks Under Analysis Achieved Positive Growth Rates In Their Retail Loan Portfolios, From January To March 2024.

Returning To the List, EGBANK Ranked Second With A Growth Rate Of 20.49% During the first quarter of the current year, Registering The Size Of Its Retail Loan Portfolio EGP 10.08 bn By The End Of March 2024, Compared To EGP8.37Bn By The End Of December 2023.

saib Won Third Place On The List After Its Retail Loan Portfolio rose By 15.12% During the first quarter of the current year, Registering About EGP 14.58Bn By The End Of March 2024, Compared To EGP12.67Bn By The End Of December 2023.

EBank Was Able To Gain Fourth Place With A Growth Rate Of 14.53% During the first quarter of the current year, After The Size Of Its Retail Loan Portfolio Reached EGP 8.83 Bn By The End Of March 2024, Compared ToEGP7.71Bn By The End Of December 2023.

aiBANK Come In Fifth Position With A Growth Rate Of 13.17% During the first quarter of the current year, After Its Retail Loan Portfolio Increased From EGP 7.51 Bn By The End Of March 2024, To EGP8.50Bn By The End Of December 2023.

ADCB Egypt Come In Sixth Position With A Growth Rate Of 13.10% During the first quarter of the current year, After Its Retail Loan Portfolio Increased From EGP 8.28 Bn By The End Of March 2024, To EGP9.37Bn By The End Of December 2023.

ADIB Egypt Ranked Seventh After Its Retail Loan Portfolio Increased At A Growth Rate Of 12.69% During the first quarter of the current year, Registering EGP 20.63 Bn By The End Of March 2024, Compared To EGP18.30Bn By The End Of December 2023, Followed By Ahli United Bank with A Growth Rate Of 10.91% During The Same Period.

Suez Canal Bank Came In Ninth Place With A Growth Rate Of 10.26% During the first quarter of the current year, After Its Retail Loan Portfolio Increased From EGP 3.71 Bn By The End Of December 2023, To EGP4.09Bn By The End Of March 2024.

CIB Came In Tenth Place With A Growth Rate Of 8.59% During The First Quarter Of The Current Year, After Its Retail Loan Portfolio rose to EGP65.23bn By The End Of March 2024, Compared To EGP 60.07 Bn At The End Of December 2023 Followed By AAIB with a Growth Rate of 8.39% During The Same Period.

It Should Be Noted That All The Values And Growth Rates Mentioned In The Above Analysis According To The Separate Financial Statements Announced To Each Bank By The End Of March 2024.