Crédit Agricole, EBank, and aiBANK, Fastest-growing banks in mortgage loans during Q1-2024
First Bank
According To FirstBank List of Fastest-Growing Banks in Mortgage Loans, Crédit Agricole - Egypt Topped the List with A Growth Rate Of 13.82% during the first quarter of this year. The Bank's Mortgage Loan Portfolio Increased to EGP 1.102 bn By the End of March 2024, Compared to EGP 968.5 Mn By The End Of December 2023.
EBank Secured the Second Position with A Growth Rate Of 11.01%, Reaching EGP 929.8 Mn By end of March 2024, Up From EGP 837.6 Mn At The End Of December 2023.
aiBANK Came in Third place, Recording A Growth Rate Of 10.8%, With Its Total Portfolio Reaching EGP 1.170 bn By March 2024 End, Compared To EGP1.063 bn By end of December 2023, Banque Du Caire Followed With A Growth Rate Of 7.79% during the Same Period.
saib Ranked Fifth with A Growth Rate Of 7.23%, Increasing Its Total Mortgage Loan Portfolio To EGP 1.211 Bn By March 2024 End compared to EGP1.204 bn By end of December 2023.
NBK-Egypt Claimed the Sixth Position with A Growth Rate Of 6.94%, Totaling EGP 1.211 bn In Its Mortgage Loan Portfolio By March 2024end, Up From EGP 1.133 bn By December 2023, QNB Followed With A Growth Rate Of 6.80% During The Same Period.
EGBANK Managed To Secure The Eighth Position With A Growth Rate Of 6.09% During The first quarter of 2024, With Its Total Mortgage Loan Portfolio Reaching EGP 420.4 mn By The End Of March 2024, Compared To EGP 396.2 mn At The End Of December 2023.
Abu Dhabi Islamic Bank – Egypt Ranked Ninth With A Growth Rate Of 2.99%, Reaching Approximately EGP 492.6 Bn In Its Mortgage Loan Portfolio By March 2024End, Up From EGP 396.2 mn By December 2023.
CIB Ranked Tenth With A Growth Rate Of 2.95%, Increasing Its Total Mortgage Loan Portfolio To EGP 4.464 Bn By End Of March 2024 Compared To EGP4.336bn By The End Of 2023, HD Bank Followed With A Growth Rate Of 2.83% During The Same Period.
It Is Worth Mentioning That All The Mentioned Values And Growth Rates In The Analysis Above Are Based On Separate Financial Statements Announced By Each Bank By The End Of March 2024.
Fastest growing banks in mortgage loans during Q1-2024
| # | Bank Name | Value during Q-2024 | Value during 2023 | growth rate % |
|---|---|---|---|---|
| 1 |
Credit Agricole Egypt |
1.102 Billion pounds | 969 million pounds | 14 % |
| 2 |
Export Development Bank of Egypt-EBank |
929 Million pounds | 837 Million pounds | 11 % |
| 3 |
BANK NXT |
1.17 Billion pounds | 1.063 Billion pounds | 10 % |
| 4 |
Banque Du Caire-BDC |
5.971 Billion pounds | 5.539 Billion pounds | 8 % |
| 5 |
SAIB BANK |
1.291 Billion pounds | 1.204 Billion pounds | 7.2 % |
| 6 |
NBK Egypt |
1.211 Billion pounds | 1.132 Billion pounds | 7 % |
| 7 |
Qatar National Bank-QNB  |
6.376 Billion pounds | 5.97 Billion pounds | 6.8 % |
| 8 |
EGBANK |
420 million pounds | 396 million pounds | 6 % |
| 9 |
Abu Dhabi Islamic Bank-ADIB Egypt |
493 million pounds | 478 million pounds | 3 % |
| 10 |
Commercial International Bank-CIB |
4.464 Billion pounds | 4.336 Billion pounds | 2.9 % |
| 11 |
Housing and Development Bank-HDB |
12.872 Billion pounds | 12.518 Billion pounds | 2.8 % |
| 12 |
Faisal Islamic Bank of Egypt |
2.334 Billion pounds | 2.296 Billion pounds | 1.6 % |
| 13 |
arab african international bank |
2.811 Billion pounds | 2.767 Billion pounds | 1.5 % |
| 14 |
Arab Banking Corporation- ABC |
762 million pounds | 758 million pounds | 0.4 % |
| 15 |
Abu Dhabi Commercial Bank Egypt- ADCB |
168 million pounds | 171 million pounds | -1.8 % |
| 16 |
alBaraka Bank Egypt |
163 million pounds | 177 million pounds | -8.1 % |
| 17 |
Bank of Alexandria-Alex Bank |
2.798 Million pounds | 0.204 million pounds | -92.71 % |
