SC Bank, Credit Agricole, and Faisal Bank Top Listed banks in asset coverage ratio for deposits by June 2024end

First Bank List For Top Listed Banks In Asset Coverage Ratio For Deposits Revealed Suez Canal Bank As The Leader With A Coverage Ratio Of 140.388%. The Bank's Total Assets Amounted To EGP 139.10 Bn, While Deposits Reached EGP 99.09 Bn By The End Of June 2024.

The List, Which Included 11 Banks Listed On The Egyptian Stock Exchange By The End Of 2023, Revealed That All Banks Enjoyed Strong Ratios In Covering Their Customers' Deposits By June -2024End.

Asset Coverage Ratio For Deposits Reflects The Banks' Ability To Cover Their Customers' Deposits Using Their Asset Portfolios. It Is Classified Based on The Ratio (Assets/Deposits) × 100, And A Higher Ratio Indicates A High Level Of Security Provided By The Bank To Its Depositors Across Various Segments.

Credit Agricole Bank Secured the Second Position After Registering An Asset Coverage Ratio For Deposits Of 135.56%. The Bank's Total Assets Reached EGP 114.22 Bn By The End Of June 2024, While Its Deposit Portfolio Recorded EGP 84.26 Bn During The Same Period.

Faisal Bank Ranked Third with An Asset Coverage Ratio For Deposits Of 130.67% By The End Of June 2024. The Value Of Its Asset Portfolio Rose To EGP 215.77 Bn, While Its Deposits Reached EGP 165.12Bn During The Same Period.

EBank Claimed the Fourth Position with an asset coverage Ratio for deposits of 128.47% By the end of June 2024. Its asset size reached EGP 157.99 bn, And Its deposit Portfolio Amounted to EGP 122.98bn by the end of June 2024.

saib Ranked Fifth With An Asset Coverage Ratio For Deposits Of 127.87%. Total Asset Portfolio Reached EGP 141.43 Bn, While Deposit Portfolio Amounted to EGP 110.60 Bn By The End Of June 2024.

It Should Be Noted That All Values And Coverage Ratios Mentioned In The Above Analysis Are Based On Separate Financial Statements Announced By Each Bank By The End Of June 2024.