ADIB, ABK- Egypt, and saib fastest growing banks in corporate loans during H1-2024
First Bank
First Bank list of the fastest-Growing banks in Corporate Loans During H1-2024 Revealed That Abu Dhabi Islamic Bank Egypt-ADIB Topped The List With A Growth Rate Of 39.23%, Reaching A Total Portfolio Of EGP 69.14 Bn By The End Of June 2024, Compared To EGP 49.66 Bn At 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 That all Banks Achieved Positive Growth Rates In Their Corporate Loans From January To June 2024.
Returning To the List, ABK-Egypt Secured The Second Position With A Growth Rate Of 38.32% In Its Corporate Loans During H1-2024, Reaching EGP 41.93 Bn By The End Of June 2024, Compared To EGP 30.32 Bn At The End Of December 2023.
Saib come in Third Place With A Growth Rate Of 36.41% during the first half of the current year, registering the Size Of Its Corporate Loan Portfolio Around EGP 45.82bn By The End Of June 2024, Compared To EGP33.59bn By The End Of December 2023.
NBK-Egypt Ranked Fourth After Its Corporate Loan Portfolio Rose By 28.41% during the first half of the current year, Registering EGP 80.39 Bn By The End Of June 2024, Compared To EGP 62.39 Bn By The End Of December 2023.
CIB Came In Fifth Position With A Growth Rate Of 27% during the first half of the current year, Recording The Size Of Its Corporate Loan Portfolio Of EGP 260.39 Bn By The End Of June 2024, Compared To EGP205.04 Bn By The End Of December 2023.
EGBANK Come In Sixth Place With A Growth Rate Of 23.47% During The First 6M Of This Year, Registering The Size Of Its Corporate Loan Portfolio Around EGP 31.30 By The End Of June 2024, Compared To EGP25.35 Bn By The End Of December 2023, Followed By QNB With A Growth Rate Of 22.31% During The Same Period.
Arab African international Bank-AAIB Ranked Eighth with A Growth Rate Of 22.25% during the first half of the current year, After Registering the Size Of Its Corporate Loan Portfolio At EGP 165.90 Bn By The End Of June 2024, Compared To EGP135.71Bn By The End Of December 2023.
Emirates NBD Egypt Ranked Ninth with A Growth Rate Of 21.58% during the first half of the current year, After Registering The Size Of Its Corporate Loan Portfolio At EGP 55.90 Bn By The End Of June 2024, Compared To EGP45.98Bn By The End Of December 2023.
Attijariwafa bank Came In Tenth Place With A Growth Rate Of 20.82% during the first half of the current year, Recording The Size Of Its Corporate Loan Portfolio About EGP 42.69Bn By The End Of June 2024, Compared To EGP53.33Bn By The End Of December 2023, Followed By AUB, ADCB With Growth Rates Of 20.31%, 18.92% respectively During The Same Period.
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 corporate loans during H1-2024
# | Bank Name | corporate loans during H1-2024 | corporate loans during 2023 | growth rate % |
---|---|---|---|---|
1 | Abu Dhabi Islamic Bank-ADIB Egypt | 69.138 Billion pounds | 49.658 Billion pounds | 39.23 % |
2 | Al Ahli Bank of Kuwait Egypt -ABK Egypt | 41.932 Billion pounds | 30.315 Billion pounds | 38.32 % |
3 | SAIB BANK | 45.818 Billion pounds | 33.588 Billion pounds | 36.41 % |
4 | NBK Egypt | 80.392 Billion pounds | 62.605 Billion pounds | 28.41 % |
5 | Commercial International Bank-CIB | 260.388 Billion pounds | 205.039 Billion pounds | 26.99 % |
6 | EGBANK | 31.295 Billion pounds | 25.346 Billion pounds | 23.47 % |
7 | Qatar National Bank-QNB | 262.491 Billion pounds | 214.617 Billion pounds | 22.31 % |
8 | arab african international bank | 165.9 Billion pounds | 135.71 Billion pounds | 22.25 % |
9 | Emirates NBD Egypt | 55.901 Billion pounds | 45.979 Billion pounds | 21.58 % |
10 | Attijariwafa Bank Egypt | 42.689 Billion pounds | 35.334 Billion pounds | 20.82 % |
11 | Al Ahli united bank Egypt | 76.324 Billion pounds | 63.438 Billion pounds | 20.31 % |
12 | Abu Dhabi Commercial Bank Egypt- ADCB | 35.093 Billion pounds | 29.51 Billion pounds | 19.92 % |
13 | Bank of Alexandria-Alex Bank | 41.82 Billion pounds | 35.169 Billion pounds | 18.91 % |
14 | Housing and Development Bank-HDB | 24.144 Billion pounds | 20.569 Billion pounds | 17.38 % |
15 | Arab Banking Corporation- ABC | 21.905 Billion pounds | 18.8 Billion pounds | 16.52 % |
16 | Credit Agricole Egypt | 36.987 Billion pounds | 31.84 Billion pounds | 16.17 % |
17 | Arab Investment Bank- aiBANK | 17.582 Billion pounds | 15.28 Billion pounds | 15.07 % |
18 | Export Development Bank of Egypt-EBank | 53.192 Billion pounds | 46.904 Billion pounds | 13.41 % |
19 | Suez Canal Bank | 37.607 Billion pounds | 33.401 Billion pounds | 12.59 % |
20 | Banque Du Caire-BDC | 112 Billion pounds | 99.525 Billion pounds | 12.53 % |
21 | alBaraka Bank Egypt | 39.39 Billion pounds | 36.147 Billion pounds | 8.97 % |
22 | Faisal Islamic Bank of Egypt | 13.876 Billion pounds | 12.765 Billion pounds | 8.7 % |