QNB, CIB, and AAIB Top banks on First Bank credit competitiveness index during Q1-2024
First Bank
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.
Top banks on First Bank Credit Competitiveness Index during Q1-2024
# | Bank Name | Value during Q1-2024 | Value during 2023 | Increse Value |
---|---|---|---|---|
1 | Qatar National Bank-QNB | 318.179 Billion pounds | 268.576 Billion pounds | 49.602 Billion pounds |
2 | Commercial International Bank-CIB | 312.831 Billion pounds | 265.103 Billion pounds | 47.728 Billion pounds |
3 | arab african international bank | 188.618 Billion pounds | 154.378 Billion pounds | 34.24 Billion pounds |
4 | Abu Dhabi Islamic Bank-ADIB Egypt | 86.184 Billion pounds | 67.96 Billion pounds | 18.223 Billion pounds |
5 | Banque Du Caire-BDC | 189.859 Billion pounds | 173.908 Billion pounds | 15.951 Billion pounds |
6 | SAIB BANK | 57.293 Billion pounds | 46.248 Billion pounds | 11.045 Billion pounds |
7 | NBK Egypt | 86.136 Billion pounds | 76.055 Billion pounds | 10.08 Billion pounds |
8 | Al Ahli united bank Egypt | 76.17 Billion pounds | 67.151 Billion pounds | 9.019 Billion pounds |
9 | Export Development Bank of Egypt-EBank | 63.373 Billion pounds | 54.617 Billion pounds | 8.756 Billion pounds |
10 | Al Ahli Bank of Kuwait Egypt -ABK Egypt | 55.426 Billion pounds | 47.003 Billion pounds | 8.423 Billion pounds |
11 | EGBANK | 41.014 Billion pounds | 33.712 Billion pounds | 7.302 Billion pounds |
12 | Suez Canal Bank | 44.284 Billion pounds | 37.114 Billion pounds | 7.17 Billion pounds |
13 | alBaraka Bank Egypt | 49.108 Billion pounds | 43.727 Billion pounds | 5.381 Billion pounds |
14 | Abu Dhabi Commercial Bank Egypt- ADCB | 43.099 Billion pounds | 37.791 Billion pounds | 5.308 Billion pounds |
15 | Emirates NBD Egypt | 65.079 Billion pounds | 60.066 Billion pounds | 5.013 Billion pounds |
16 | Bank of Alexandria-Alex Bank | 68.909 Billion pounds | 63.933 Billion pounds | 4.976 Billion pounds |
17 | Attijariwafa Bank Egypt | 48.704 Billion pounds | 44.019 Billion pounds | 4.684 Billion pounds |
18 | Housing and Development Bank-HDB | 48.494 Billion pounds | 45.485 Billion pounds | 3.008 Billion pounds |
19 | Credit Agricole Egypt | 45.635 Billion pounds | 42.706 Billion pounds | 2.929 %Billion pounds |
20 | Arab Investment Bank- aiBANK | 25.135 Billion pounds | 22.762 Billion pounds | 2.372 Billion pounds |
21 | Arab Banking Corporation- ABC | 25.358 Billion pounds | 23.308 Billion pounds | 2.049 Billion pounds |
22 | Faisal Islamic Bank of Egypt | 18.037 Billion pounds | 16.05 Billion pounds | 1.987 Billion pounds |