EBank, and SC Bank, Top listed banks in focusing on corporate deposits by June- 2024 End

First Bank Has Revealed a List Of Listed Banks With The Highest Focus On Corporate Deposits During the first half of 2024, Egyptian Export Development Bank "EBank" Topped The List After 85.69% Of Its Total Customer Deposits, Amounting To EGP 122.98 Bn By The End Of June 2024, Were Concentrated In The Corporate Deposits Portfolio Valued At EGP 105.39 Bn during The Same Period.

The List Sheds Light On The Strategies Of Listed Banks In Egypt In Diversifying Their Certificates And Products To Attract More Customers. It Uses the Criterion Of " Corporate Deposits/Total Deposits" To Provide An Indicator Of The Concentration Of A Bank's Deposit Portfolio In Corporate Deposits.

Following Closely In The List, Suez Canal Bank Secured The Second Position With 82.58% Of Its Deposit Portfolio, Worth EGP99.09Bn, Concentrated In Corporate Deposits Valued At EGP 81.82 Bn At The End Of June 2024.

EGBANK Ranked Third, With 78.97% Of Its Deposit Portfolio, Totaling EGP 116.04 Bn, Focused On Corporate Deposits Valued At Approximately EGP 91.63 Bn By The End Of June 2024.

In The Fourth Position, Saib Obtained A 68.53% Share Of Its Deposit Portfolio, Amounting To EGP 110.60 Bn, From The Bank's corporate deposit worth EGP 75.79 Bn By The End Of June 2024.

QNB Came In Fifth Place, With 65.55% Of Its Deposit Portfolio, Totaling EGP 636.48 Bn, Concentrated In Corporate Deposits Valued At EGP 417.24 Bn By The End Of June 2024.

It's Important to Note That The Values And Concentration Ratios Mentioned In The Analysis Are Based On The Independent Financial Statements Announced By Each Bank As Of The End Of June 2024.