EBank, SC Bank, and ADCB Egypt Top banks in focusing on corporate deposits by March -2024end
First Bank
FirstBank's List Of Banks With The Highest Focus On corporate Deposits At The End Of Last March Revealed That EBank Topped The List, With Its corporate Deposit Portfolio Accounting For 83.94% Of The Bank's customer Deposits, Amounting To EGP 107.92 Bn. corporate Deposit Portfolio Was EGP 90.58 Bn By The End Of March 2024.
The List Sheds Light On Banks' Strategies In Diversifying Their Deposit Portfolios Among 22 Banks In The Egyptian Banking Sector. The Data Analyzed Focuses On The Diversity In Offering Certificates And Products To Attract More Customers. The List Uses The Criterion Of (Corporate Deposits / Total Customer Deposits) To Indicate The Extent To Which A Bank's Deposit Portfolio Is Concentrated In Corporate Deposits.
Suez Canal Bank Ranked Second, With A Concentration Of 82.28%, As the Bank's Corporate Deposits Portfolio Increased To EGP 93.63 Bn By March 2024End, While The Corporate Deposit Portfolio Amounted To EGP77.04Bn By The Same Period.
ADCB Egypt Secured the Third Position, With A Concentration Of 81.77%, The Bank's Total Deposits Recorded EGP 93.46Bn By March 2024 End. Meanwhile, Corporate Deposits Portfolio Reached EGP 76.42 Bn During The Same Period.
Ahli United Bank Of Egypt Claimed The Fourth Spot With A Concentration Of 7.83%, As Its Corporate Deposits Portfolio Increased To EGP79.92Bn By End Of March 2024, While The Total Deposits Portfolio Amounted To Approximately EGP101.39 Bn During The Same Period Followed By Bank ABC, With Concentration Ratio Of 76.74% During The Same Period.
EGBANK Came In Sixth Place, With 75.63% Of Its Deposit Portfolio, Totaling EGP 98.14 Bn, Concentrated In Corporate Deposits Valued At EGP 74.23Bn By The End Of March 2024.
Al Ahli Bank Of Kuwait - Egypt Ranked Seventh On The List, With A Concentration Of 74.52% As The Bank's Corporate Deposits Portfolio Increased To EGP 71.44 Bn By March 2024End, While Deposit Portfolio Amounted To EGP95.87Bn By The Same Period.
Saib Ranked Eighth With A Concentration Of 70.85%, Bank's Total Deposits Recorded EGP 104.41Bn By March 2024 End. Meanwhile, Corporate Deposits Portfolio Reached EGP 73.98 Bn During The Same Period.
aiBank Came In Ninth Place, With 67.62% Of Its Deposit Portfolio, Totaling EGP 58.16 Bn, Concentrated In Corporate Deposits Valued At EGP 39.32 Bn By The End Of March 2024.
QNB Ranked Tenth, With A Concentration Of 67.33%, Bank's Total Deposits Recorded EGP 622.01Bn By March 2024 End. Meanwhile, Corporate Deposits Portfolio Reached EGP 418.79 Bn During The Same Period
It Is Important To Note That The Values And Concentration Rates Mentioned In The Analysis Are Based On Separate Financial Statements Announced By Each Bank By The End Of March 2024.
Top banks in focusing on corporate deposits by March-2024end
| # | Bank Name | corporate deposits by March-2024end | Total deposits by March-2024end | concentration ratio % |
|---|---|---|---|---|
| 1 |
Export Development Bank of Egypt-EBank |
90.58 Billion pounds | 107.91 Billion pounds | 83.94 % |
| 2 |
Suez Canal Bank |
77.03 Billion pounds | 93.62 Billion pounds | 82.28 % |
| 3 |
Abu Dhabi Commercial Bank Egypt- ADCB |
76.42 Billion pounds | 93.045 Billion pounds | 81.77 % |
| 4 |
Al Ahli united bank Egypt |
79.92 Billion pounds | 101.386 Billion pounds | 78.83 % |
| 5 |
Arab Banking Corporation- ABC |
48.96 Billion pounds | 63.825 Billion pounds | 76.74 % |
| 6 |
EGBANK |
74.22 Billion pounds | 98.138 Billion pounds | 75.63 % |
| 7 |
Al Ahli Bank of Kuwait Egypt -ABK Egypt |
71.43 Billion pounds | 95.865 Billion pounds | 74.52 % |
| 8 |
SAIB BANK |
73.98 Billion pounds | 104.412 Billion pounds | 70.85 % |
| 9 |
Arab Investment Bank- aiBANK |
39.32 Billion pounds | 58.157 Billion pounds | 67.72 % |
| 10 |
Qatar National Bank-QNB  |
418.79 Billion pounds | 622.014 Billion pounds | 67.33 % |
| 11 |
Emirates NBD Egypt |
71.16 Billion pounds | 106.731 Billion pounds | 66.68 % |
| 12 |
Credit Agricole Egypt |
55.58 Billion pounds | 84.367 Billion pounds | 65.88 % |
| 13 |
Attijariwafa Bank Egypt |
53.6 Billion pounds | 83.88 Billion pounds | 63.91 % |
| 14 |
arab african international bank |
291.55 Billion pounds | 484.866 Billion pounds | 60.13 % |
| 15 |
NBK Egypt |
72.33 Billion pounds | 126.73 Billion pounds | 57.08 % |
| 16 |
Housing and Development Bank-HDB |
59.32 Billion pounds | 106.494 Billion pounds | 55.7 % |
| 17 |
Abu Dhabi Islamic Bank-ADIB Egypt |
77.9 Billion pounds | 143.43 Billion pounds | 54.31 % |
| 18 |
alBaraka Bank Egypt |
45.54 Billion pounds | 94.07 Billion pounds | 48.41 % |
| 19 |
Banque Du Caire-BDC |
143.73 Billion pounds | 312.89 Billion pounds | 45.94 % |
| 20 |
Commercial International Bank-CIB |
348.84 Billion pounds | 792.4 Billion pounds | 44.02 % |
| 21 |
Bank of Alexandria-Alex Bank |
44.74 Billion pounds | 143.33 Billion pounds | 31.22 % |
| 22 |
Faisal Islamic Bank of Egypt |
4.54 Billion pounds | 157.34 Billion pounds | 2.89 % |
