FirstBank List Of Listed Banks With The Highest Focus On Savings And Deposit Certificates At The End Of last J

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alBaraka, Faisal Bank, and CIB, Top listed banks in focusing on savings certificates by June- 2024 End

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FirstBank List Of Listed Banks With The Highest Focus On Savings And Deposit Certificates At The End Of last June, Revealed That alBaraka Bank Topped The List. It Held 31.24% Of The Bank's Deposits, Valued At EGP 106.06 Bn, In Its Savings And Deposit Certificates Portfolio By The End Of June 2024. Meanwhile, The Savings And Deposit Certificates Portfolio Amounted To EGP 33.13Bn during The Same Period.

The List Sheds Light On The Strategies Of The Listed Banks In Structuring Their Deposit Portfolios, Specifically In Terms Of Offering Savings And Deposit Certificates To Attract More Customers.

The List Is Based On The Ratio Of (Savings And Deposit Certificates/Total Deposits) To Provide An Indicator Of The Extent To Which A Bank's Deposit Portfolio Is Concentrated In Savings And Deposit Certificates At The End Of The Analysis Period.

Faisal Bank Secured The Second Position With 28.07% Of Its Deposit Portfolio, Valued At EGP 165.12 Bn, Concentrated In Savings And Deposit Certificates Worth EGP 46.35 Bn By The End Of June 2024.

As For The Third Position, It Was Taken By Commercial International Bank-CIB After 26.79% Of Its Deposit Portfolio, Valued At EGP 857.74 Bn By The End Of June 2024, Was Focused On Savings And Deposit Certificates, Which Recorded EGP 229.8 Bn By The End Of The Same Period.

Abu Dhabi Islamic Bank - Egypt Ranked Fourth, With Its Savings and Deposit Certificates Portfolio Capturing 22.70% Of Its Total Deposits, Valued At EGP 163.40 Bn, While The Value Of The Savings And Deposit Certificates Portfolio Amounted To EGP 37.09 Bn By The End Of June 2024

Qatar National Bank -QNB Came In Fifth Place, With Its Savings And Deposit Certificates Portfolio Representing 7.69 % Of Its Total Deposits, Valued At EGP 636.48 Bn. The Value Of Its Savings And Deposit Certificates Reached EGP 112.61 Bn By The End Of June 2024.

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

Top 5 listed banks in focusing on savings certificates by June-2024end

# Bank Name savings certificates by June-2024end Total deposits by June-2024end concentration ratio %
1 alBaraka Bank Egypt
alBaraka Bank Egypt
33.132 Billion pounds 106.063 Billion pounds 31.24 %
2 Faisal Islamic Bank of Egypt
Faisal Islamic Bank of Egypt
46.346 Billion pounds 165.123 Billion pounds 28.07 %
3 Commercial International Bank-CIB
Commercial International Bank-CIB
229.762 Billion pounds 857.741 Billion pounds 26.79 %
4 Abu Dhabi Islamic Bank-ADIB Egypt
Abu Dhabi Islamic Bank-ADIB Egypt
37.086 Billion pounds 163.402 Billion pounds 22.7 %
5 Qatar National Bank-QNB
Qatar National Bank-QNB
112.61 Billion pounds 636.482 Billion pounds 17.69 %
6 Credit Agricole Egypt
Credit Agricole Egypt
10.084 Billion pounds 84.255 Billion pounds 11.97 %
7 SAIB BANK
SAIB BANK
11.72 Billion pounds 110.601 Billion pounds 10.6 %
8 Export Development Bank of Egypt-EBank
Export Development Bank of Egypt-EBank
13.029 Billion pounds 122.983 Billion pounds 10.59 %
9 Housing and Development Bank-HDB
Housing and Development Bank-HDB
12.818 Billion pounds 121.703 Billion pounds 10.53 %
10 Suez Canal Bank
Suez Canal Bank
9.759 Billion pounds 99.085 Billion pounds 9.85 %
11 EGBANK
EGBANK
9.402 Billion pounds 116.035 Billion pounds 8.1 %