EGBANK, saib, and Attijariwafa Bank Top fastest-growing banks in net fees and commissions income during H1-2024

First Bank List of Fastest-Growing Banks In Net Fees And Commissions Income During The First 6M Of This Year, Revealed That Egyptian Gulf Bank Topped The List With A Growth Rate Of 197.87%, After Registering EGP 650.78 Mn In H1-2024, Compared To EGP 218.48 Mn In H1-2023.

The "First Bank" List Monitored Net Fees And Commissions Income Of 21 Banks Operating In The Egyptian Banking Sector For Which The Financial Data Were Available For The Analysis Period. It Revealed That 18 Banks Achieved Positive Growth Rates In Their Net Fees And Commissions Income While 3 Banks declined During The Period From January To June 2024.

Saib Secured the second Position with A Growth Rate Of 103.61%, Achieving Net Fees And Commissions Income Of EGP 547.94 Mn During H1-2024, Compared To EGP 269.12 Mn In H1-2023.

As For the Third Place, Attijariwafa Bank Gained After Its Net Fees and Commissions Income Jumped At A Growth Rate Of 85.45%, Registering About EGP 617.23mn During H1- 2024, Compared To EGP332.84Mn During the same period of 2023.

In Fourth Place on The List Was ABK-Egypt With A Growth Rate Of 82.57%, After Its Net Fees And Commissions Income Rose To EGP855.42Mn During the first half of 2024, Compared To EGP468.55Mn During H1- 2023.

ADCB Egypt Ranked Fifth with A Growth Rate Of 64.45%, After Net Fees And Commissions Income Reached EGP 548.34 Mn During the first 6 months of 2024, Compared To EGP333.43Mn During H1- 2023.

AL Baraka Bank Ranked Sixth With A Growth Rate Of 56.94%, Recording Net Fees And Commissions Income Of EGP 317.83 mn During the first half of 2024, Compared To EGP202.52Mn During H1-2023.

AAIB Ranked Seventh With A Growth Rate Of 53.57%, Recording Net Fees And Commissions Income Of EGP 2.22 Bn During the first half of 2024, Compared To EGP1.45bn During H1- 2023,

Emirates NBD-Egypt Ranked Eighth With A Growth Rate Of 48.06%, Recording Net Fees And Commissions Income Of EGP 808.69 mn During the first half of 2024, Compared To EGP546.19Mn During H1-2023 Followed By Banque du caire with A Growth Rate Of 46.79% During The Same Period.

.As For The Tenth Position, It Was Secured By Alex Bank, With A Growth Rate Of 44.28%, Recording EGP 881.39 Mn In Net Fees And Commissions Income During The First half Of 2024, Compared To EGP 610.89 Mn In The First half Of 2023, Followed By NBK-Egypt and CIB With Growth Rates Of 40.87%, 33.27% During The Same Period.

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