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

FirstBank List Of The Fastest-Growing Banks In Customer Deposits during The First half of the current Year Revealed That EGBANK Topped The List With A Growth Rate Of 43%, As Its Total Portfolio Reached EGP 116.04Bn By The End Of June 2024, Compared To EGP 81.14 Bn By The End Of December 2023.

The List Included 22 Banks Operating In The Egyptian Banking Sector, With Their Financial Data Available For Analysis. It Revealed That All Banks Achieved Positive Growth Rates In Their Customer Deposit Portfolios, From January To June 2024.

EBank Secured The Second Position On The List With A Growth Rate of 41.47% In Its Customer Deposit Portfolio During The First Half of the current Year, Increasing From EGP 86.93Bn By The End Of December 2023 To Reach EGP 122.98Bn By The End Of June 2024.

Arab African International Bank-AAIB Took the Third Position After Its Customer deposit Portfolio Grew By 39.66% during The First half of the current Year, Reaching Approximately EGP 540.90 Bn By The End Of June 2024, Compared To EGP 393.74Bn By The End Of December 2023.

SC Bank come in fourth position After Its Customer Deposit Portfolio Grew By 34.54% During The First half of the current Year, recording EGP 99.09 Bn By The End Of June 2024, Compared To EGP 73.65 Bn By The End Of December 2023.

saib Secured The Fifth Position After Its Customer Deposit Portfolio Grew By 29.67% During the First half of the current Year, Rising From EGP 85.29 Bn By The End Of December 2023 To Approximately EGP 110.60 Bn By The End Of June 2024.

ADIB Egypt Took The Sixth Position With A Growth Rate Of 28.53% During the First 6 months of the current Year, Recording Total Deposits Of EGP 163.40 Bn By The End Of June 2024, Compared To EGP 127.13Bn By The End Of December 2023.

Commercial International Bank-CIB Ranked Seventh With A Growth Rate Of 27.01% In Its Customer Deposit Portfolio During the First 6 months of this Year, As Its Total Deposits Reached EGP 857.74 Bn By The End Of June 2024, Compared To EGP 675.3 Bn By The End Of December 2023 Followed By Faisal Bank With A Growth Rate Of 26.57% During The Same Period.

aiBANK Ranked Ninth With A Growth Rate Of 26.17% In Its Customer Deposit Portfolio During the First half of of the current Year, As Its Total Deposits Reached EGP 64.22Bn By The End Of June 2024, Compared To EGP 50.90 Bn By The End Of December 2023.

ABK-Egypt Came In Tenth Place With A Growth Rate Of 24.97% During the First 6 months of the current Year, As Its Total Customer Deposit Portfolio Reached EGP 103.80 Bn By The End Of June 2024, Compared To EGP 83.06 Bn By The End Of December 2023, Followed By alBaraka With A Growth Rate Of 24.77% During The Same Period.

It's Worth Noting That All The Values And Growth Rates Mentioned In The Analysis Above Are Based On Separate Financial Statements Announced By Each Bank As Of The End Of June 2024.