EGBANK, saib, and AlBaraka, Fastest growing listed banks in net fees and commissions income in H1-2024

First Bank List Of Fastest-Growing listed Banks In Net Fees And Commissions Income during H1 of this year 2024 Revealed That Egyptian Gulf Bank Topped The List With A Growth Rate Of 197.87%, Reaching Approximately EGP 650.8 mn In H1-2024, Compared To EGP 218.5 Mn In 2023.

The List, Comprising 10 Banks Listed On The Egyptian Stock Exchange, Disclosed That 8 Banks Achieved Positive Growth Rates In Net Fees And Commissions Income while 2 Banks declined during the period under analysis. Faisal Islamic Bank Was Absent From The List For Not Disclosing Net Fees And Commissions Income. saib Secured The Second Position With A Growth Rate Of 103.61%, Achieving A Net Income Of About EGP 547.9 Mn during H1-2024, Compared To EGP 269.1 Mn In H1-2023. 

AlBaraka Came In Third Place, With A Growth Rate Of 56.94%, Recording Approximately EGP 317.8  Mn In Net Fees And Commissions Income In H1-2024, Compared To EGP 202.5 Mn during the same period In 2023.

Commercial International Bank Ranked Fourth, Achieving A Growth Rate Of 33.27%, Recording EGP 3.400 Bn In Net Fees And Commissions Income In H1-2024, Compared To EGP 2.551 bn In H1-2023.

QNB Secured The Fifth Position, With A Growth Rate Of 31.98% In Net Fees And Commissions Income, Reaching Approximately EGP 2.632 bn In H1-2024, Compared To EGP 1.995 bn during the same period 2023, followed by HD Bank with a growth rate of 26.85% during the same period.

It’s Worth Noting That All The Mentioned Values And Growth Rates In The Analysis Above Are Based On Separate Financial Statements Announced By Each Bank by the end of June 2024.