Faisal Bank, CIB, and alBaraka, Top listed banks in focusing on retail deposits by June-2024end
First Bank
According To The List Provided By FirstBank Of The Most Focused Listed Banks On Retail Deposits By The End Of The Previous June, Faisal Islamic Bank Egypt Topped The List. Bank's Retail Deposits Accounted For 97.33% Of The Total Customer Deposits, Amounting To EGP 165.12 Bn By The End Of June 2024 The Bank's Portfolio Of Retail Deposits Stood At EGP 160.71 Bn During The Same Period.
The List Reveals The Strategies Of The Banks Listed On The Egyptian Stock Exchange In Structuring Their Deposit Portfolios, Specifically In Terms Of Diversifying Certificate Offerings And Products To Attract More Customers. The List Is Based On The Criterion Of Retail Deposits Divided By Total Deposits, Providing An Indicator Of How Focused A Bank's Deposit Portfolio Is On Retail Deposits.
Commercial International Bank (CIB) Egypt Secured The Second Position, With 56.99% Of Its Deposit Portfolio Valued At EGP 857.74 Bn By The End Of June 2024, Dedicated To Retail Deposits, Which Amounted To EGP 488.80 Bn During The Same Period.
alBaraka Bank Ranked Third, With 51.24% Of Its Total Deposit Portfolio Of EGP 106.06 Bn By The End Of June 2024 Dedicated To Retail Deposits, Which Amounted To EGP 54.35 Bn During The Same Period.
Abu Dhabi Islamic Bank – Egypt Claimed the Fourth Position, With 44.27% Of Its Deposit Portfolio, Totaling EGP 163.40 Bn, Dedicated To Retail Deposits Amounting To Approximately EGP 72.34 Bn By The End Of June 2024.
The Fifth Position Went To Housing And Development Bank With 44.06% Of Its Deposit Portfolio, Valued At EGP 121.70 Bn, Focused On Retail Deposits Amounting To EGP 53.63 Bn By The End Of June 2024.
It's Worth Noting That The Values And Concentration Ratios Mentioned In The Analysis Above Are Based On The Separate Financial Statements Announced By Each Bank As Of June 2024.
Top listed banks in focusing on retail deposits by June-2024end
| # | Bank Name | retail deposits by June-2024end | Total deposits by June-2024end | concentration ratio % |
|---|---|---|---|---|
| 1 |
Faisal Islamic Bank of Egypt |
160.714 Billion pounds | 165.123 Billion pounds | 97.33 % |
| 2 |
Commercial International Bank-CIB |
488.804 Billion pounds | 857.741 Billion pounds | 56.99 % |
| 3 |
alBaraka Bank Egypt |
54.347 Billion pounds | 106.063 Billion pounds | 51.24 % |
| 4 |
Abu Dhabi Islamic Bank-ADIB Egypt |
72.343 Billion pounds | 163.402 Billion pounds | 44.27 % |
| 5 |
Housing and Development Bank-HDB |
53.625 Billion pounds | 121.703 Billion pounds | 44.06 % |
| 6 |
Credit Agricole Egypt |
31.28 Billion pounds | 84.255 Billion pounds | 37.13 % |
| 7 |
Qatar National Bank-QNB  |
219.241 Billion pounds | 636.482 Billion pounds | 34.45 % |
| 8 |
SAIB BANK |
34.807 Billion pounds | 110.601 Billion pounds | 31.47 % |
| 9 |
EGBANK |
24.401 Billion pounds | 116.035 Billion pounds | 21.03 % |
| 10 |
Suez Canal Bank |
17.264 Billion pounds | 99.085 Billion pounds | 17.42 % |
| 11 |
Export Development Bank of Egypt-EBank |
17.594 Billion pounds | 122.983 Billion pounds | 14.31 % |
