CIB, and QNB: Top listed banks on First Bank credit competitiveness index during H1-2024
First Bank
First Bank Credit Competitiveness Index For Listed Banks During The first Half of the current Year Revealed Commercial International Bank– “CIB” Securing The First Position On The Index. The Bank's Total Loans and Facilities For Its Customers Increased To EGP329.45 Bn By The End Of June 2024, Compared To EGP 265.10 Bn By The End Of December 2023, Marking An Increase Of Approximately EGP 64.35 Bn.
The Index Noted a Overall Increase In The Total Loans And Facilities Portfolios Of 11 Listed Banks On The Egyptian Stock Exchange, With All Banks Collectively Increasing By EGP 196.32 Bn From January To June 2024.
First Bank Credit Competitiveness Index Measures the Ability Of Listed Banks On The Egyptian Stock Exchange To Offer Credit Or Loan Products To Attract Customers, Both Individuals And Companies. It Relies On The Absolute Value Of Growth In The Total Customer Loans, Reflecting The Bank’s Success In Building Its Portfolio.
Qatar National Bank –QNB Secured the Second Position, Its Total Loans And Facilities For Customers Increasing By EGP 53.953Bn During The first half of this Year, Reaching EGP 322.52 Bn By The End Of June 2024, Compared To EGP 268.58 Bn By The End Of December 2023.
ADIB Egypt Took the Third Position, With Its Total Financing Reaching EGP 90.76 Bn by End Of June 2024, Compared To EGP 67.96 Bn By The End Of December 2023, An Increase Of EGP 22.80 Bn During H1- 2024.
saib Claimed the Fourth Position, With A Total Loans and Facilities Portfolio of EGP 61.43 Bn By The End Of June 2024. Compared To EGP 46.25 Bn by The End of December 2023, an Increase Of EGP 15.18 Bn.
EGBANK Claimed The Fifth Position With A Total Loans And Facilities Portfolio Of EGP 41.85 Bn By The End Of June 2024 Compared To EGP 33.71 Bn By The End Of December 2023, With An Increase Of EGP 8.10 Bn.
It’s Important To Note That All Absolute Values And Growth Figures Mentioned Above Are Based On Separate Financial Statements Announced By Each Bank At The End Of June 2024.
Top listed Banks on FirstBank credit competitiveness index during H1-2024
| # | Bank Name | customer loans during H1-2024 | customer loans during 2023 | Increase Value |
|---|---|---|---|---|
| 1 |
Commercial International Bank-CIB |
329.45 Billion pounds | 265.1 Billion pounds | 64.34 Billion pounds |
| 2 |
Qatar National Bank-QNB  |
322.52 Billion pounds | 268.57 Billion pounds | 53.94 Billion pounds |
| 3 |
Abu Dhabi Islamic Bank-ADIB Egypt |
90.75 Billion pounds | 67.96 Billion pounds | 22.79 Billion pounds |
| 4 |
SAIB BANK |
61.42 Billion pounds | 46.24 Billion pounds | 15.17 Billion pounds |
| 5 |
EGBANK |
41.85 Billion pounds | 33.71 Billion pounds | 8.13 Billion pounds |
| 6 |
Export Development Bank of Egypt-EBank |
62.72 Billion pounds | 54.61 Billion pounds | 8.1 Billion pounds |
| 7 |
Credit Agricole Egypt |
49.04 Billion pounds | 42.7 Billion pounds | 6.34 Billion pounds |
| 8 |
alBaraka Bank Egypt |
49.8 Billion pounds | 43.72 Billion pounds | 6.07 Billion pounds |
| 9 |
Housing and Development Bank-HDB |
50.76 Billion pounds | 45.48 Billion pounds | 5.27 Billion pounds |
| 10 |
Suez Canal Bank |
42.07 Billion pounds | 37.11 Billion pounds | 4.95 Billion pounds |
| 11 |
Faisal Islamic Bank of Egypt |
17.2 Billion pounds | 16.05 Billion pounds | 1.15 Billion pounds |
