QNB, CIB, and AAIB Top banks on First Bank credit competitiveness index during Q1-2024

First Bank Credit Competitiveness Index For Egyptian Banks During The first quarter of this Year Revealed QNB Securing The First Position On The Index. The Bank's Total Loans and Facilities For Its Customers Increased To EGP 318.18 bn By The End Of March 2024, Compared To EGP 268.57 bn By The End Of December 2023, Marking An Increase Of Approximately EGP 49.60 Bn.

First Bank Index Measures Banks' Ability To Offer Credit Or Loan Products To Attract Customers, Both Individuals And Companies. It Is Based On The Absolute Value Of Growth In The Loan Portfolio, Reflecting The Bank's Success In Increasing Its Loan Portfolio.

CIB Secured the Second Position, With Its Total Loan And Facility Portfolio Reaching EGP 312.83 Bn By The End Of March 2024, Compared To EGP265.10Bn By The End Of December 2023, an Increase Of EGP47.73Bn During The first quarter of the current Year.

Arab African International Bank Secured The Third Position With An Increase Of EGP 34.24 Bn In Its Total Loan Portfolio During The first quarter of this Year, Reaching Around EGP 188.62 Bn By The End Of March 2024, Compared To EGP154.38Bn By The End Of December 2023.

ADIB - Egypt Ranked Fourth With A Growth Value Of EGP 18.22 Bn During The first quarter of this Year, Recording EGP 86.18Bn By The End Of March 2024, Compared To EGP67.96Bn By The End Of December 2023, Followed By Banque Du Caire With An Increase Of EGP 15.95 Bn During The Same Period.

saib Came Sixth, With An Increase Of EGP 11.05 Bn In Its Total Portfolio During The first 3 months of this Year, Reaching EGP57.29Bn By The End Of March 2024, Compared To EGP46.25Bn By The End Of December 2023, Followed By National Bank Of Kuwait - Egypt With An Increase Of EGP 10.08 Bn During The Same Period.

Ahli United Bank - Egypt Ranked Eighth Position With An Increase Value EGP 9.02 Bn In Its Total Loan Portfolio During the first quarter of this Year, Reaching Around EGP 76.17 Bn By The End Of March 2024, Compared To EGP67.15Bn By The End Of December 2023.

EBank Ranked Ninth With A Growth Value Of EGP8.76Bn In Its Total Customer Loan Portfolio During The first quarter of this Year, Rising To EGP63.37Bn By The End Of March 2024, Compared To EGP 54.62 Bn By The End Of December 2022.

ABK-Egypt Ranked Tenth With A Growth Value Of EGP 8.43 Bn In Its Total Loan Portfolio During The first quarter of the current Year, Reaching Around EGP 55.43 Bn By The End Of March 2024, Compared To EGP47Bn By The End Of December 2023, Followed By EGBANK, and SC Bank With growth Values Of EGP 7.30 Bn, EGP 7.17BN During The Same Period.

It Is Worth Mentioning That All The Absolute Values And Growth Figures Mentioned Above Are Based On The Separate Financial Statements Announced By Each Bank At The End Of The Financial Period Ending In March 2024.