CIB Topped First Bank Index For Depositor Confidence By Successfully Increasing Its Customer Deposit Portfolio

Egyptian banking sector,depositor confidence,Customer deposit portfolio

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

FirstBank

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
Commercial International Bank-CIB
792.409 Billion pounds 675.31 Billion pounds 117.09 Billion pounds
2 Qatar National Bank-QNB
Qatar National Bank-QNB
622.014 Billion pounds 530.118 Billion pounds 91.895 Billion pounds
3 arab african international bank
arab african international bank
484.865 Billion pounds 393.74 Billion pounds 91.126 Billion pounds
4 Faisal Islamic Bank of Egypt
Faisal Islamic Bank of Egypt
157.343 Billion pounds 130.458 Billion pounds 26.884 Billion pounds
5 Export Development Bank of Egypt-EBank
Export Development Bank of Egypt-EBank
107.916 Billion pounds 86.932 Billion pounds 20.983 Billion pounds
6 NBK Egypt
NBK Egypt
126.729 Billion pounds 105.93 Billion pounds 20.799 Billion pounds
7 Suez Canal Bank
Suez Canal Bank
93.627 Billion pounds 73.647 Billion pounds 19.98 Billion pounds
8 SAIB BANK
SAIB BANK
104.412 Billion pounds 85.349 Billion pounds 19.062 Billion pounds
9 EGBANK
EGBANK
98.138 Billion pounds 81.142 Billion pounds 16.996 Billion pounds
10 Abu Dhabi Islamic Bank-ADIB Egypt
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
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
Al Ahli united bank Egypt
101.386 Billion pounds 90.058 Billion pounds 11.32 Billion pounds
13 Banque Du Caire-BDC
Banque Du Caire-BDC
312.894 Billion pounds 302.066 Billion pounds 10.82 Billion pounds
14 Bank of Alexandria-Alex Bank
Bank of Alexandria-Alex Bank
143.334 Billion pounds 133.339 Billion pounds 9.99 Billion pounds
15 alBaraka Bank Egypt
alBaraka Bank Egypt
94.074 Billion pounds 85.007 Billion pounds 9.06 Billion pounds
16 Attijariwafa Bank Egypt
Attijariwafa Bank Egypt
83.88 Billion pounds 76.377 Billion pounds 7.5 Billion pounds
17 Arab Investment Bank- aiBANK
Arab Investment Bank- aiBANK
58.157 Billion pounds 50.9 Billion pounds 7.25 Billion pounds
18 Abu Dhabi Commercial Bank Egypt- ADCB
Abu Dhabi Commercial Bank Egypt- ADCB
93.458 Billion pounds 86.635 Billion pounds 6.82 Billion pounds
19 Arab Banking Corporation- ABC
Arab Banking Corporation- ABC
63.825 Billion pounds 57.774 Billion pounds 6.05 Billion pounds
20 Housing and Development Bank-HDB
Housing and Development Bank-HDB
106.493 Billion pounds 101.273 Billion pounds 5.219 Billion pounds
21 Emirates NBD Egypt
Emirates NBD Egypt
106.731 Billion pounds 102.655 Billion pounds 4.075 Billion pounds
22 Credit Agricole Egypt
Credit Agricole Egypt
84.367 Billion pounds 84.173 Billion pounds 194 Million pounds