Faisal Bank, Alex bank, and CIB Top banks in focusing on Retail deposits by March- 2024 end
First Bank
FirstBank's List of Banks with The Highest Focus On Retail deposits At The End Of Last March Revealed That Faisal Islamic Bank Topped The List, With Its Retail deposit Portfolio Accounting For 97.11% Of The Bank's retail Deposits, Amounting To EGP 152.80 Bn. Total Customer Deposits Portfolio Was EGP 157.34 Bn By The End Of March 2024.
The List Reveals the Banks' Strategies In Forming Their Deposit Portfolios, Emphasizing The Diversity In Offering Certificates And Products To Attract More Customers. The Ranking Is Based On The Ratio Of Retail Deposits To Total Deposits, Providing An Indicator Of The Bank's Concentration On Retail Deposits.
Alex Bank Secured The Second Position, With 68.78% Of Its Total Deposits Concentrated In Its Retail Deposit Portfolio, Totaling EGP 98.59 Bn By The End Of March 2024, While The Bank's Total Deposit Portfolio Amounted To About EGP 143.34 Bn By The End Of The Same Period.
Commercial International Bank (CIB) Egypt Secured The Third Position, With 55.98% Of Its Deposit Portfolio Valued At EGP 792.41 Bn By The End Of March 2024, Dedicated To Retail Deposits, Which Amounted To EGP 443.56 Bn During The Same Period, Followed By Banque Du Caire, With Concentration Ratio Of 54.06% By The End Of The Same Period.
alBaraka Bank Ranked Fifth, with 51.59% Of Its Total Deposit Portfolio Of EGP 94.07 Bn By The End Of March 2024 Dedicated To Retail Deposits, Which Amounted To EGP 48.54 Bn During The Same Period.
Abu Dhabi Islamic Bank – Egypt Claimed The Sixth Position, With 45.69% Of Its Deposit Portfolio, Totaling EGP 143.44 Bn, Dedicated To Retail Deposits Amounting To Approximately EGP 65.54 Bn By The End Of March 2024.
HD Bank Secured The Seventh Position, With 44.30% Of Its Deposit Portfolio, Valued At EGP 106.49 Bn, Focused On Retail Deposits Amounting To EGP 47.17 Bn By The End Of March 2024, Followed By NBK Egypt, With Concentration Ratio Of 42.92% By The End Of The Same Period.
The Nine Position Went To AAIB, With 39.87% Of Its Customer Deposit Portfolio, Valued At EGP 484.87 Bn, Focused On Retail Deposits Amounting To EGP 193.31 Bn By The End Of March 2024.
Attijariwafa Bank Egypt Ranked Tenth, With 36.09% Of Its Total Deposit Portfolio Of EGP 83.88 Bn By The End Of March 2024 Dedicated To Retail Deposits, Which Amounted To EGP 30.27 Bn By The End Of The Same Period, Followed By credit Agricole and Emirates NBD with Concentration Ratios Of 34.12% And 33.32% Respectively By The End Of The Same Period.
It's Worth Noting That the Values And Concentration Ratios Mentioned In The Analysis Above Are Based On The Separate Financial Statements Announced By Each Bank By March 2024 End.
Top banks in focusing on retail deposits by March-2024end
# | Bank Name | retail deposits by March-2024end | Total deposits by March-2024end | concentration ratio % |
---|---|---|---|---|
1 | Faisal Islamic Bank of Egypt | 152.796 Billion pounds | 157.344 Billion pounds | 97.11 % |
2 | Bank of Alexandria-Alex Bank | 98.589 Billion pounds | 143.334 Billion pounds | 68.78 % |
3 | Commercial International Bank-CIB | 443.56 Billion pounds | 792.409 Billion pounds | 55.98 % |
4 | Banque Du Caire-BDC | 169.16 Billion pounds | 312.895 Billion pounds | 54.06 % |
5 | alBaraka Bank Egypt | 48.535 Billion pounds | 94.074 Billion pounds | 51.59 % |
6 | Abu Dhabi Islamic Bank-ADIB Egypt | 65.53 Billion pounds | 143.436 Billion pounds | 45.69 % |
7 | Housing and Development Bank-HDB | 47.17 Billion pounds | 106.49 Billion pounds | 44.3 % |
8 | NBK Egypt | 54.39 Billion pounds | 126.73 Billion pounds | 42.92 % |
9 | arab african international bank | 193.3 Billion pounds | 484.86 Billion pounds | 39.87 % |
10 | Attijariwafa Bank Egypt | 30.27 Billion pounds | 83.88 Billion pounds | 36.09 % |
11 | Credit Agricole Egypt | 28.78 Billion pounds | 84.36 Billion pounds | 34.12 % |
12 | Emirates NBD Egypt | 35.56 Billion pounds | 106.73 Billion pounds | 33.32 % |
13 | Qatar National Bank-QNB | 203.22 Billion pounds | 622.01 Billion pounds | 32.67 % |
14 | BANK NXT | 18.835 Billion pounds | 58.157 Billion pounds | 32.39 % |
15 | SAIB BANK | 30.43 Billion pounds | 104.41 Billion pounds | 29.15 % |
16 | Al Ahli Bank of Kuwait Egypt -ABK Egypt | 24.42 Billion pounds | 95.86 Billion pounds | 25.48 % |
17 | EGBANK | 23.91 Billion pounds | 98.13 Billion pounds | 24.37 % |
18 | Arab Banking Corporation- ABC | 14.86 Billion pounds | 63.82 Billion pounds | 23.29 % |
19 | Al Ahli united bank Egypt | 21.46 Billion pounds | 101.38 Billion pounds | 21.17 % |
20 | Abu Dhabi Commercial Bank Egypt- ADCB | 17.03 Billion pounds | 93.45 Billion pounds | 18.23 % |
21 | Suez Canal Bank | 16.59 Billion pounds | 93.62 Billion pounds | 17.72 % |
22 | Export Development Bank of Egypt-EBank | 17.33 Billion pounds | 107.91 Billion pounds | 16.06 % |