CIB, QNB, and AAIB top banks on First Bank index of depositor confidence during Q1-2024

CIB Topped First Bank Index For Depositor Confidence By Successfully Increasing Its Customer Deposit Portfolio By EGP 117.10 Bn, Reaching Around EGP 792.41 bn By The End Of March 2024, Compared To EGP 675.31 bn By The End Of December 2023.

First Bank Index, Which Analyzed Financial Data Provided By 22 Banks In The Egyptian Banking Sector, Highlighted The Increase In Deposit Portfolios Banks During The first quarter of this Year.

Qatar National Bank - Egypt (QNB) Secured the Second Position By Increasing Its Customer Deposit Portfolio By EGP 91.90 Bn During The First 3 Months Of The current Year, Totaling EGP 622.01 Bn By The End Of March 2024, Compared To EGP 530.12 Bn By The End Of December 2023.

Arab African International Bank -AAIB Secured the Third Position, Increasing Its Deposit Portfolio By EGP 91.13 Bn During The first quarter of this Year, Totaling Approximately EGP 484.87 Bn By The End Of March 2024, Compared To EGP 393.74 Bn By The End Of December 2023.

Faisal Islamic Bank Come In Fourth Place, Increasing Its Deposit Portfolio By EGP 26.88Bn During The Q1-2024, Reaching Around EGP 157.34 Bn By The End Of March 2024, Compared To EGP 130.46 Bn By The End Of December 2023.

EBank Ranked Fifth After Increasing Its Deposit Portfolio By EGP 20.98 Bn During The first quarter of 2024, Reaching Around EGP 107.92 Bn By The End Of March 2024, Up From EGP 86.93 Bn By The End Of December 2023, Followed NBK Egypt With An Increase Of EGP 20.80 Bn During The Same Period.

Suez Canal Bank Claimed The Seventh Position By Increasing Its Deposit Portfolio By EGP 19.98Bn During The first quarter of 2024, Reaching EGP 93.63 Bn By The End Of March 2024, Up From EGP 73.65 Bn By The End Of December 2023.

Saib Come In Eight Place, With Its Deposit Portfolio Rising By EGP 19.06 Bn During Q1-2024, Totaling EGP 104.41 Bn By The End Of March 2024, Compared To EGP 85.35 Bn By The End Of December 2023, It Was Followed By EGBANK With An Increase Of EGP 17 Bn During The Same Period.

Abu Dhabi Islamic Bank - Egypt Claimed the Tenth Position, With Its Customer Deposit Portfolio Increasing By EGP 16.31 Bn During The first quarter of 2024, Reaching Around EGP 143.44 Bn By The End Of March 2024 Compared To EGP 127.13 Bn By The End Of December 2023 It Was Followed By ABK-Egypt With An Increase Of EGP 12.80 Bn During The Same Period.

It's Worth Noting That All Absolute Values and Growth Figures Mentioned In The Analysis Are Based On Separate Financial Statements Announced By Each Bank At The End Of The Financial Period Ending In March 2024.