saib, CIB, and alBaraka Bank, Fastest-growing listed banks in retail deposits in H1-2024
First Bank
According To First Bank List Of Listed Banks, The List Reveals That saib Topped The Chart With A Growth Rate Of 42.90% during last year, Increasing Their Total Portfolio To EGP 34.81 Bn By The End Of June 2024, Compared To EGP 24.36 Bn At The End Of December 2023.
The List, Including 11 Banks Listed On The Egyptian Stock Exchange, Indicates Positive Growth Rates In The Total Portfolios Of Retail Deposits For All Banks From January To June 2024.
CIB Secured The Second Position With A Growth Rate Of 32.33% During H1-2024, As Its Total Portfolio Of Retail Deposits Reached EGP 488.80 Bn By The End Of June 2024, Compared To EGP 369.37 Bn At The End Of December 2023.
alBaraka Bank Claimed The Third Position With A Growth Rate Of 30.42% During H1-2024, As Its Total Portfolio Of Retail Deposits Rose To EGP 54.35 Bn By The End Of June 2024, Compared To EGP 41.67 Bn At The End Of December 2023.
Faisal Islamic Bank Secured The Fourth Position With A Growth Rate Of 28% during H1-2024, As Its Total Portfolio Of Retail Deposits Reached EGP 160.71 Bn By The End Of June 2024, Compared To EGP 125.57 Bn At The End Of December 2023.
Credit Agricole Egypt, Came In Fifth With A Growth Rate Of 27.21% during H1-2024, Reaching EGP 31.28 Bn By The End Of June 2024, Compared To EGP 24.59 Bn.
All Values And Growth Rates Mentioned Are Based On Separate Declared Financial Statements Of Each Bank By The End Of June 2024.
Fastest growing listed banks in retail deposits during H1-2024
| # | Bank Name | retail deposits during H1-2024 | retail deposits 2023 | growth rate % |
|---|---|---|---|---|
| 1 |
SAIB BANK |
34.807 Billion pounds | 24.358 Billion pounds | 42.9 % |
| 2 |
Commercial International Bank-CIB |
488.804 Billion pounds | 369.374 Billion pounds | 32.33 % |
| 3 |
alBaraka Bank Egypt |
54.347 Billion pounds | 41.671 Billion pounds | 30.42 % |
| 4 |
Faisal Islamic Bank of Egypt |
160.714 Billion pounds | 125.565 Billion pounds | 27.99 % |
| 5 |
Credit Agricole Egypt |
31.28 Billion pounds | 24.59 Billion pounds | 27.21 % |
| 6 |
Qatar National Bank-QNB  |
219.241 Billion pounds | 173.378 Billion pounds | 26.45 % |
| 7 |
Abu Dhabi Islamic Bank-ADIB Egypt |
72.343 Billion pounds | 57.719 Billion pounds | 25.34 % |
| 8 |
EGBANK |
24.401 Billion pounds | 19.706 Billion pounds | 23.83 % |
| 9 |
Suez Canal Bank |
17.264 Billion pounds | 14.377 Billion pounds | 20.08 % |
| 10 |
Housing and Development Bank-HDB |
53.625 Billion pounds | 46.12 Billion pounds | 16.27 % |
| 11 |
Export Development Bank of Egypt-EBank |
17.594 Billion pounds | 15.441 Billion pounds | 13.94 % |
