FirstBanks List of Banks with The Highest Focus On Retail Loans At The End Of Last March Revealed That Faisal

Total Deposits,separate financial statements,total customer deposits

Faisal Bank, Alex bank, and CIB Top banks in focusing on Retail deposits by March- 2024 end

FirstBank

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
Faisal Islamic Bank of Egypt
152.796 Billion pounds 157.344 Billion pounds 97.11 %
2 Bank of Alexandria-Alex Bank
Bank of Alexandria-Alex Bank
98.589 Billion pounds 143.334 Billion pounds 68.78 %
3 Commercial International Bank-CIB
Commercial International Bank-CIB
443.56 Billion pounds 792.409 Billion pounds 55.98 %
4 Banque Du Caire-BDC
Banque Du Caire-BDC
169.16 Billion pounds 312.895 Billion pounds 54.06 %
5 alBaraka Bank Egypt
alBaraka Bank Egypt
48.535 Billion pounds 94.074 Billion pounds 51.59 %
6 Abu Dhabi Islamic Bank-ADIB Egypt
Abu Dhabi Islamic Bank-ADIB Egypt
65.53 Billion pounds 143.436 Billion pounds 45.69 %
7 Housing and Development Bank-HDB
Housing and Development Bank-HDB
47.17 Billion pounds 106.49 Billion pounds 44.3 %
8 NBK Egypt
NBK Egypt
54.39 Billion pounds 126.73 Billion pounds 42.92 %
9 arab african international bank
arab african international bank
193.3 Billion pounds 484.86 Billion pounds 39.87 %
10 Attijariwafa Bank Egypt
Attijariwafa Bank Egypt
30.27 Billion pounds 83.88 Billion pounds 36.09 %
11 Credit Agricole Egypt
Credit Agricole Egypt
28.78 Billion pounds 84.36 Billion pounds 34.12 %
12 Emirates NBD Egypt
Emirates NBD Egypt
35.56 Billion pounds 106.73 Billion pounds 33.32 %
13 Qatar National Bank-QNB
Qatar National Bank-QNB
203.22 Billion pounds 622.01 Billion pounds 32.67 %
14 BANK NXT
BANK NXT
18.835 Billion pounds 58.157 Billion pounds 32.39 %
15 SAIB BANK
SAIB BANK
30.43 Billion pounds 104.41 Billion pounds 29.15 %
16 Al Ahli Bank of Kuwait Egypt -ABK Egypt
Al Ahli Bank of Kuwait Egypt -ABK Egypt
24.42 Billion pounds 95.86 Billion pounds 25.48 %
17 EGBANK
EGBANK
23.91 Billion pounds 98.13 Billion pounds 24.37 %
18 Arab Banking Corporation- ABC
Arab Banking Corporation- ABC
14.86 Billion pounds 63.82 Billion pounds 23.29 %
19 Al Ahli united bank Egypt
Al Ahli united bank Egypt
21.46 Billion pounds 101.38 Billion pounds 21.17 %
20 Abu Dhabi Commercial Bank Egypt- ADCB
Abu Dhabi Commercial Bank Egypt- ADCB
17.03 Billion pounds 93.45 Billion pounds 18.23 %
21 Suez Canal Bank
Suez Canal Bank
16.59 Billion pounds 93.62 Billion pounds 17.72 %
22 Export Development Bank of Egypt-EBank
Export Development Bank of Egypt-EBank
17.33 Billion pounds 107.91 Billion pounds 16.06 %