AAIB, AL Baraka Bank, EGBANK, and EBank Top fastest growing banks in retail loans during H1-2024
First Bank
First Bank List of The Fastest Growing Banks In Retail Loans During The First 6M Of This Year Revealed That Arab African international Bank-AAIB Was Leading The List, After Its Portfolio Size Jumped By 43.85%, To Register EGP 26.85 Bn By The End Of June 2024, Compared To EGP18.67Bn By The End Of December 2023.
The List That Includes 22 Banks Operating in The Egyptian Banking Sector, For Which Financial Statements Were Made Available During the Period Under Analysis, revealed all Banks Under Analysis Achieved Positive Growth Rates In Their Retail Loan Portfolios, From January To June 2024.
Returning To the List, AL Baraka Bank Come In Second Position With A Growth Rate Of 37.41% During the first quarter of the current year, After Its Retail Loan Portfolio Increased to EGP 10.42 Bn By The End Of June 2024, compared To EGP7.58Bn By The End Of December 2023.
EGBANK Ranked Third With A Growth Rate Of 26.19% During the first half of the current year, Registering The Size Of Its Retail Loan Portfolio EGP 10.56 bn By The End Of June 2024, Compared To EGP8.37Bn By The End Of December 2023.
EBank Was Able To Gain Fourth Place With A Growth Rate Of 23.53% During the first half of the current year, After The Size Of Its Retail Loan Portfolio Reached EGP 9.53 Bn By The End Of June 2024, Compared ToEGP7.71Bn By The End Of December 2023.
saib Won Fifth Place On The List After Its Retail Loan Portfolio rose By 23.29% During the first half of the current year, Registering About EGP 15.61Bn By The End Of June 2024, Compared To EGP12.67Bn By The End Of December 2023.
Suez Canal Bank Came In Sixth Place With A Growth Rate Of 20.28% During the first half of the current year, After Its Retail Loan Portfolio Increased From EGP 3.71 Bn By The End Of December 2023, To EGP4.47Bn By The End Of June 2024.
ADIB Egypt Come In Seventh Position With A Growth Rate Of 18.12% During the first half of the current year, After Its Retail Loan Portfolio Increased to EGP 21.62 Bn By The End Of June 2024, compared to EGP18.30Bn By The End Of December 2023.
aiBANK Come In Eighth Position With A Growth Rate Of 17.03% During the first half of the current year, After Its Retail Loan Portfolio Increased to EGP 8.80 Bn By The End Of June 2024, compared to EGP7.52Bn By The End Of December 2023.
CIB Came In Ninth Place With A Growth Rate Of 14.98% During The First half Of The Current Year, After Its Retail Loan Portfolio rose to EGP69.06bn By The End Of June 2024, Compared To EGP 60.07 Bn At The End Of December 2023
ADCB Egypt Came In Tenth Place With A Growth Rate Of 14.31% During The First Half Of The Current Year, After Its Retail Loan Portfolio rose to EGP9.47bn By The End Of June 2024, Compared To EGP 8.28 Bn At The End Of December 2023.
It Should Be Noted That All the Values And Growth Rates Mentioned In The Above Analysis According To The Separate Financial Statements Announced To Each Bank By The End Of June 2024.
Fastest growing banks in retail loans during H1-2024
# | Bank Name | retail loans during H1-2024 | retail loans during 2023 | change ratio % |
---|---|---|---|---|
1 | arab african international bank | 26.852 Billion pounds | 18.667 Billion pounds | 43.85 % |
2 | alBaraka Bank Egypt | 10.416 Billion pounds | 7.58 Billion pounds | 37.41 % |
3 | EGBANK | 10.557 Billion pounds | 8.366 Billion pounds | 26.19 % |
4 | Export Development Bank of Egypt-EBank | 9.528 Billion pounds | 7.713 Billion pounds | 23.53 % |
5 | SAIB BANK | 15.609 Billion pounds | 12.66 Billion pounds | 23.29 % |
6 | Suez Canal Bank | 4.466 Billion pounds | 3.713 Billion pounds | 20.82 % |
7 | Abu Dhabi Islamic Bank-ADIB Egypt | 21.619 Billion pounds | 18.303 Billion pounds | 18.12 % |
8 | Arab Investment Bank- aiBANK | 8.797 Billion pounds | 7.517 Billion pounds | 17.03 % |
9 | Commercial International Bank-CIB | 69.064 Billion pounds | 60.065 Billion pounds | 14.98 % |
10 | Abu Dhabi Commercial Bank Egypt- ADCB | 9.465 Billion pounds | 8.28 Billion pounds | 14.31 % |
11 | Attijariwafa Bank Egypt | 9.848 Billion pounds | 8.686 Billion pounds | 13.38 % |
12 | Al Ahli Bank of Kuwait Egypt -ABK Egypt | 18.838 Billion pounds | 16.688 Billion pounds | 12.88 % |
13 | Al Ahli united bank Egypt | 4.187 Billion pounds | 3.713 Billion pounds | 12.77 % |
14 | NBK Egypt | 15.009 Billion pounds | 13.451 Billion pounds | 11.58 % |
15 | Qatar National Bank-QNB | 60.031 Billion pounds | 53.96 Billion pounds | 11.25 % |
16 | Credit Agricole Egypt | 12.061 Billion pounds | 10.866 Billion pounds | 11 % |
17 | Emirates NBD Egypt | 15.555 Billion pounds | 14.087 Billion pounds | 10.42 % |
18 | Banque Du Caire-BDC | 80.713 Billion pounds | 74.383 Billion pounds | 8.51 % |
19 | Housing and Development Bank-HDB | 26.618 Billion pounds | 24.916 Billion pounds | 6.83 % |
20 | Arab Banking Corporation- ABC | 4.729 Billion pounds | 4.509 Billion pounds | 4.88 % |
21 | Bank of Alexandria-Alex Bank | 30.034 Billion pounds | 28.764 Billion pounds | 4.42 % |
22 | Faisal Islamic Bank of Egypt | 3.329 Billion pounds | 3.285 Billion pounds | 1.34 % |