EGBANK, AAIB, and, EBank Fastest-growing banks in Assets during H1-2024

First Bank List Reveals That EGBANK Leads The Fastest-Growing Banks in Total Assets With A Growth Rate of 42% During H1 of the current Year, Reaching EGP 138.48 Bn By The End Of June 2024, Compared To EGP 97.52 Bn By The End Of 2023. 

Analysis Covers 21 Banks operatin in The Egyptian Stock Exchange, All Showing Positive Growth Rates In Their Financial Positions From January To June 2024. AAIB, takes The Second Position With A 41.13% Growth Rate During H1 of the current Year, Reaching A Total Asset Portfolio Of EGP 760.41 Bn By The End Of June 2024, Compared To EGP 538.81 Bn By The End Of 2023.

EBank, takes The third Position With A 35.32% Growth Rate During H1 of the current Year, Reaching A Total Asset Portfolio Of EGP 157.99 Bn By The End Of June 2024, Compared To EGP 116.76 Bn By The End Of 2023.

SC Bank, Secured The Forth Position With A Growth Rate Of 35.12% During H1 of the current Year, Recording Total Assets Of EGP 139.10 Bn By The End Of June 2024, Compared To EGP 102.94 Bn By The End Of 2023.

saib Claims The Fifth Position With A Growth Rate Of 31.18% During H1 of the current Year, Reaching EGP 141.43 Bn In Total Assets By The End Of June 2024, Compared To EGP 107.81 Bn By The End Of 2023.

As For The Sixth Position, ABK–Egypt With A Growth Rate Of 30.48% During H1 of the current Year, Reaching EGP 127.36 Bn In Total Assets By The End Of June 2024, Compared To EGP 97.61 Bn By The End Of 2023, followed by ADIB with A Growth Rate Of 30.04% during the same period of the current year.

Regarding the Eighth position, CIB Achieves A Growth Rate Of 26.36% During H1 of the current Year, With Total Assets Reaching EGP 1.052 tn By The End Of June 2024, Compared To EGP  832.53 Bn By The End Of 2023.

Al Baraka ranked Ninth with A Growth Rate Of 24.04% During H1 of the current Year, With Total Assets Reaching EGP 124.60 Bn By The End Of June 2024, Compared To EGP  100.45 Bn By The End Of 2023, followed by Faisal Islamic Bank with A Growth Rate Of 21.93% during the same period of the current year.

All Values And Growth Rates Mentioned Are Based On Separate announced Financial Statements Of Each Bank By The End Of June 2024.