EGBANK, alBaraka, and EBank, Fastest-growing banks in personal loans during Q1-2024

First Bank List Of The Fastest-Growing Banks In Personal Loans During The first quarter of the current Year Revealed That EGBANk Topped The List With A Growth Rate Of 22.24%. The Bank's Personal Loan Portfolio Reached Approximately EGP 9.41 Bn By The End Of March 2024, Compared To EGP 7.70 Bn By The End Of December 2023.

First Bank List Included 20 Banks Operating In The Egyptian Banking Sector, For Which Financial Data Were Available For Analysis. It Revealed That all Banks Achieved Positive Growth Rates In Their Personal Loan Portfolios During The Period From January To March 2024.

Returning To the List, alBaraka Bank Came In Second Place With A Growth Rate Of 21.79% During The first quarter of the current Year, After Its Total Portfolio Rose To EGP 8.94 bn At The End Of March 2024, Compared To EGP 7.34bn At The End Of December 2023. 

Egyptian Export Development Bank -EBank Ranked Third With A Growth Rate Of 18.34% During The first quarter of the current Year, After Its Total Personal Loan Portfolio Jumped To EGP 7.49 Bn At The End Of March 2024, Compared To EGP 6.33 Bn At The End Of December 2023. 

saib Secured the Fourth Position After Achieving A Total Personal Loan Portfolio Growth Rate Of 17.34% During The first quarter of the current Year, Reaching EGP 12.06 Bn By The End Of March 2024, Compared To EGP10.27Bn By The End Of December 2023.

Ahli United Bank Came In Fifth Place With A Growth Rate Of 14.21% During The first quarter of the current Year, After Its Total Portfolio Rose To EGP 3.38bn At The End Of March 2024, Compared To EGP 2.96 Bn At The End Of December 2023.

aiBank Secured the Sixth Position After Achieving A Total Personal Loan Portfolio Growth Rate Of 14% During The first quarter of the current Year, Reaching EGP 7 Bn By The End Of March 2024, Compared To EGP6.14Bn By The End Of December 2023, Followed ByADIB Egypt With A Growth Rate Of 13.04% during The Same Period.

ADCB Egypt Ranked Eighth Place After Its Personal Loan Portfolio Grew By 12.98% During The first 3 months of this Year, Reaching EGP 8.81 bn by The End of March 2024, Compared To EGP7.80Bn By The End Of December 2023.

Suez Canal Bank Ranked Ninth with A Growth Rate Of 10.12% During the first quarter of 2024, After Its Total Personal Loan Portfolio Rose To EGP 3.96 Bn At The End Of March 2024, Compared To EGP 3.59 Bn At The End Of 2023.

CIB Secured the Tenth Position With A Growth Rate Of 10.01% From January To March Of The current Year. Its Total Personal Loan Portfolio Rose To EGP46.76Bn By The End Of March 2024, Compared To EGP 42.51 Bn By The End Of December 2023, Followed By Emirates NBD Egypt With A Growth Rate Of 9.02% 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 On The Official Website Of Each Bank As Of March 2024.