CIB, QNB, and AAIB top banks on First Bank index of depositor confidence during Q1-2024
First Bank
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.
Top banks on First Bank Index for Depositor Confidence during Q1-2024
| # | Bank Name | deposits At Q1-2024 | deposits At 2023 | INcrease Value |
|---|---|---|---|---|
| 1 |
Commercial International Bank-CIB |
792.409 Billion pounds | 675.31 Billion pounds | 117.09 Billion pounds |
| 2 |
Qatar National Bank-QNB  |
622.014 Billion pounds | 530.118 Billion pounds | 91.895 Billion pounds |
| 3 |
arab african international bank |
484.865 Billion pounds | 393.74 Billion pounds | 91.126 Billion pounds |
| 4 |
Faisal Islamic Bank of Egypt |
157.343 Billion pounds | 130.458 Billion pounds | 26.884 Billion pounds |
| 5 |
Export Development Bank of Egypt-EBank |
107.916 Billion pounds | 86.932 Billion pounds | 20.983 Billion pounds |
| 6 |
NBK Egypt |
126.729 Billion pounds | 105.93 Billion pounds | 20.799 Billion pounds |
| 7 |
Suez Canal Bank |
93.627 Billion pounds | 73.647 Billion pounds | 19.98 Billion pounds |
| 8 |
SAIB BANK |
104.412 Billion pounds | 85.349 Billion pounds | 19.062 Billion pounds |
| 9 |
EGBANK |
98.138 Billion pounds | 81.142 Billion pounds | 16.996 Billion pounds |
| 10 |
Abu Dhabi Islamic Bank-ADIB Egypt |
143.436 Billion pounds | 127.127 Billion pounds | 16.308 Billion pounds |
| 11 |
Al Ahli Bank of Kuwait Egypt -ABK Egypt |
95.864 Billion pounds | 83.064 Billion pounds | 12.8 Billion pounds |
| 12 |
Al Ahli united bank Egypt |
101.386 Billion pounds | 90.058 Billion pounds | 11.32 Billion pounds |
| 13 |
Banque Du Caire-BDC |
312.894 Billion pounds | 302.066 Billion pounds | 10.82 Billion pounds |
| 14 |
Bank of Alexandria-Alex Bank |
143.334 Billion pounds | 133.339 Billion pounds | 9.99 Billion pounds |
| 15 |
alBaraka Bank Egypt |
94.074 Billion pounds | 85.007 Billion pounds | 9.06 Billion pounds |
| 16 |
Attijariwafa Bank Egypt |
83.88 Billion pounds | 76.377 Billion pounds | 7.5 Billion pounds |
| 17 |
Arab Investment Bank- aiBANK |
58.157 Billion pounds | 50.9 Billion pounds | 7.25 Billion pounds |
| 18 |
Abu Dhabi Commercial Bank Egypt- ADCB |
93.458 Billion pounds | 86.635 Billion pounds | 6.82 Billion pounds |
| 19 |
Arab Banking Corporation- ABC |
63.825 Billion pounds | 57.774 Billion pounds | 6.05 Billion pounds |
| 20 |
Housing and Development Bank-HDB |
106.493 Billion pounds | 101.273 Billion pounds | 5.219 Billion pounds |
| 21 |
Emirates NBD Egypt |
106.731 Billion pounds | 102.655 Billion pounds | 4.075 Billion pounds |
| 22 |
Credit Agricole Egypt |
84.367 Billion pounds | 84.173 Billion pounds | 194 Million pounds |
