HD Bank, ADIB Egypt, and, CIB Fastest growing listed banks in net interest income in H1-2024
First Bank List Of Fastest-Growing Listed Banks In Net Interest Income Revealed That HD Bank Topped The List, With A 81.32% Growth Rate In Net Income, Reaching EGP 8.21 Bn during H1-2024 Compared To EGP 4.53 Bn during the same period 2023.
The Analysis Included 11 Banks Listed On The Egyptian Stock Exchange, All Achieving Positive Growth Rates In Net Interest Income From January To June 2024.
Abu Dhabi Islamic Bank – Egypt (ADIB) Came Second With A Growth Rate Of 80.70%, Recording EGP 6.93 Bn In Net Interest Income During H1-2024, Compared To EGP 3.83 Bn In H1-2023.
CIB Secured The Third Position With An 74.19% Growth Rate, Registering A Net Interest Income Of EGP 41.44 Bn In H1-2024, Compared To EGP 23.79 Bn during the same period In 2023.
saib Claimed The Fourth Position With An 72.14% Growth Rate, Reporting A Net Interest Income Of EGP 3.56 Bn In H1-2024, Compared To EGP 2.07 Bn In H1-2023.
SC Bank Ranked Fifth, Achieving A Growth Rate Of 71.73% With A Net Interest Income Of EGP 2.55 Bn In H1-2024, Compared To EGP 1.48 Bn during the same period in 2023.
It’s Worth Noting That All Values And Growth Rates Mentioned Are Based On Separate Declared Financial Statements Of Each Bank At The End Of June, 2024.
Fastest growing listed banks in Net interest income during H1-2024
| # | Bank Name | Net interest income during H1-2024 | Net interest income during H1-2023 | growth rate % |
|---|---|---|---|---|
| 1 |
Housing and Development Bank-HDB |
8.214 Billion pounds | 4.53 Billion pounds | 81.32 % |
| 2 |
Abu Dhabi Islamic Bank-ADIB Egypt |
6.926 Billion pounds | 3.833 Billion pounds | 80.7 % |
| 3 |
Commercial International Bank-CIB |
41.44 Billion pounds | 23.79 Billion pounds | 74.19 % |
| 4 |
SAIB BANK |
3.564 Billion pounds | 2.071 Billion pounds | 72.14 % |
| 5 |
Suez Canal Bank |
2.545 Billion pounds | 1.482 Billion pounds | 71.73 % |
| 6 |
Export Development Bank of Egypt-EBank |
3.957 Billion pounds | 2.34 Billion pounds | 69.14 % |
| 7 |
Credit Agricole Egypt |
5.376 Billion pounds | 3.231 Billion pounds | 66.37 % |
| 8 |
EGBANK |
2.581 Billion pounds | 1.765 Billion pounds | 46.22 % |
| 9 |
Qatar National Bank-QNB  |
19.498 Billion pounds | 13.672 | 42.61 % |
| 10 |
Faisal Islamic Bank of Egypt |
3.886 Billion pounds | 2.881 Billion pounds | 34.89 % |
| 11 |
alBaraka Bank Egypt |
2.853 Billion pounds | 2.179 Billion pounds | 30.92 % |
