alBaraka, ADIB Egypt, and saib, fastest growing listed banks in syndicated loans During H1-2024

First Bank List Of Listed Banks With The Fastest Growth In Syndicated Loans During the first 6 months of the current Year Revealed That alBaraka Bank Topped The List With A Growth Rate Of 60.51%, Recording A Syndicated Financing Of EGP7.27bn By The End Of June 2024, Compared To EGP4.53bn By The End Of December 2023.

The List, Which Included 10 Banks Listed on The Egyptian Stock Exchange (Excluding Faisal Islamic Egyptian Bank), Disclosed That all Banks Achieved Positive Growth Rates In Their Syndicated Loan Portfolios From January To June 2024.

Returning To the List, ADIB Egypt Claimed The Second Position After Its Syndicated Loan Portfolio Jumped By 47.29% During the first 6 months of this Year, Reaching EGP1.17Bn By The End Of June 2024, Compared To EGP795mn By The End Of December 2023.

saib Secured The Third Position With A Growth Rate Of 45.90% During the first 6 months of this Year, As Its Syndicated Loan Portfolio Increased To EGP 20.27Bn By The End Of June 2024, Compared To EGP13.89Bn By The End Of December 2023.

Credit Agricole Achieved the Fourth Position With A Growth Rate Of 45.22% During The first Half of the current year, As Its Total Syndicated Loan Portfolio Rose To EGP2bn By The End Of June 2024, Compared To EGP 1.37 bn By The End Of December 2023.

As For The Fourth Position, It Was Secured By EGBANK After Its Syndicated Loan Portfolio Jumped By 35.40% During The first Half of 2024, Reaching EGP 10.98 Bn By The End Of June 2024, Compared To EGP8.11Bn By The End Of December 2023.

It’s Worth Noting That All Values and Growth Rates Mentioned In The Analysis Are Based On Separate Financial Statements Announced By Each Bank At The End Of June 2024.