SC Bank, saib, and EGBANK Top Listed Banks in focusing on Syndicated Loans by June-2024end
First Bank
FirstBank List Of Listed Banks With The Highest Focus On Syndicated Loans At The End Of June 2024, Revealed that Suez Canal Bank topped the list with a concentration ratio of 34.11% of its total customer loans, amounting to EGP 42.07 bn, while its syndicated loan portfolio reached EGP 14.35 bn.
The list unveils the investment orientations of 10 banks listed on the Egyptian Stock Exchange, specifically regarding syndicated loans, and is based on the criterion of (syndicated loans/total customer loans) to provide an indicator of the extent of concentration of the bank's customer loan portfolio in syndicated loans category. It is worth noting that Faisal Islamic Bank was absent from the list due to the unavailability of this category.
saib acquired the second position, with a concentration of 33% of its total customer loans in syndicated loan portfolio, amounting to EGP20.27bn by the end of June 2024, while its total customer loans reached EGP61.43 bn during the same period.
EGBANK secured the third position on the list, as its syndicated loan portfolio accounted for 26.23% of its total customer loans, amounting to EGP41.85bn, while its syndicated loan portfolio reached EGP10.98bn by the end of June 2024.
As for the fourth position, it was obtained by Commercial International Bank-CIB, with a concentration of 19.89% of its total customer loans in the syndicated financing portfolio, which amounted to around EGP 65.52 bn by the end of June 2024, while its total customer loan portfolio reached EGP329.45 bn during the same period.
Export Development Bank of Egypt-EBank ranked fifth as its syndicated loans accounted for 14.71% of its total customer loans in the bank, totaling EGP 62.72 bn by the end of June 2024, while its syndicated loan portfolio reached EGP9.23 bn during the same period.
It should be noted that the concentration percentages and values mentioned in the above analysis are based on separate announced financial statements of each bank by the end of June 2024.
Top listed banks in focusing on syndicated loans by June-2024end
| # | Bank Name | syndicated loans by June-2024end | Total loans by June-2024end | concentration ratio % |
|---|---|---|---|---|
| 1 |
Suez Canal Bank |
14.349 Billion pounds | 42.073 Billion pounds | 34.11 % |
| 2 |
SAIB BANK |
20.271 Billion pounds | 61.427 Billion pounds | 33 % |
| 3 |
EGBANK |
10.978 Billion pounds | 41.852 Billion pounds | 26.23 % |
| 4 |
Commercial International Bank-CIB |
65.52 Billion pounds | 329.452 Billion pounds | 19.89 % |
| 5 |
Export Development Bank of Egypt-EBank |
9.228 Billion pounds | 62.72 Billion pounds | 14.71 % |
| 6 |
alBaraka Bank Egypt |
7.268 Billion pounds | 49.805 Billion pounds | 14.59 % |
| 7 |
Qatar National Bank-QNB  |
30.055 Billion pounds | 322.522 Billion pounds | 9.32 % |
| 8 |
Housing and Development Bank-HDB |
4.097 Billion pounds | 50.763 Billion pounds | 8.07 % |
| 9 |
Credit Agricole Egypt |
1.991 Billion pounds | 49.048 Billion pounds | 4.06 % |
| 10 |
Abu Dhabi Islamic Bank-ADIB Egypt |
1.171 Billion pounds | 90.757 Billion pounds | 1.29 % |
