FirstBank List Of The Fastest-Growing Banks In Retail Deposits Revealed That saib Topped The List With A Growt

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saib, AAIB, and CIB, fastest-growing banks in retail deposits during H1- 2024

FirstBank

FirstBank List Of The Fastest-Growing Banks In Retail Deposits Revealed That saib Topped The List With A Growth Rate Of 42.90% During The first half of the current year. Its Portfolio Size Increased To EGP 34.81 Bn By The End Of June 2024, Compared To EGP 24.36 Bn At The End Of December 2023.

The List Tracked the Size Of Retail Deposits Portfolios At 22 Banks Operating In The Egyptian Banking Sector, For Which Financial Data Was Available For Analysis. It Showed That All Banks Achieved Positive Growth Rates In Their Retail Deposits Portfolios, From January To June 2024.

Returning To The List, AAIB Secured The Second Position After Its Retail Deposits Portfolio Grew By 36.60% during The first half of the current year, Reaching A Total Portfolio Size Of Around EGP 226.04Bn By The End Of June 2024, Up From EGP 165.48 Bn At The End Of December 2023.

As For The Third Position, It Was Claimed By CIB After Achieving A Growth Rate Of 32.44% In Its Retail Deposits Portfolio During The first half of the current year. Its Value Stood At EGP 488.80 Bn By The End Of June 2024, Compared To EGP 369.37 Bn At The End Of December 2023.

ABK-Egypt Secured The Fourth Position With A Growth Rate Of 32.04% During The first half of the current year, As Its Retail Deposits Portfolio Increased To EGP 28.35 Bn By The End Of March 2024, Up From EGP21.47 Bn At The End Of December 2023.

ADCB Egypt Secured The Fifth Position After Achieving A Growth Rate Of 31.59% In Its Retail Deposits Portfolio During The first half of the current year, Recording A Value Of EGP 18.83 Bn By The End Of June 2024, Compared To EGP 14.31 Bn At The End Of December 2023.

AL Baraka Bank Come In Sixth Place After Achieving A Growth Rate Of 30.42% In Its Retail Deposits Portfolio during The first half of the current year, Recording A Value Of EGP 54.35 Bn By The End Of June 2024, Compared To EGP 41.67 Bn At The End Of December 2023.

BANK NXT Come In Seventh Place After Achieving A Growth Rate Of 29% In Its Total Retail Deposits Portfolio During The first half of the current year, With A Value Of EGP 19.52 Bn By The End Of June 2024, Compared To EGP 15.13 Bn At The End Of December 2023.

Emirates NBD Egypt Came In Eight Place With A Growth Rate Of 28.95% during The first half of the current year, Recording An Retail Deposits Portfolio Of EGP 39.12 Bn By The End Of June 2024, Compared To EGP 30.34Bn At The End Of December 2023, It Was Followed By Faisal Bank With A Growth Rate Of 28% During The Same Period.

Credit Agricole Bank Come In Tenth Place After Achieving A Growth Rate Of 27.21% In Its Retail Deposits Portfolio during The first half of the current year, Recording A Value Of EGP 31.28 Bn By The End Of June 2024, Compared To EGP24.59Bn At The End Of December 2023.

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.

Fastest growing banks in retail deposits during H1-2024

# Bank Name retail deposits during H1-2024 retail deposits during 2023 change ratio %
1 SAIB BANK
SAIB BANK
34.807 Billion pounds 24.358 Billion pounds 42.9 %
2 arab african international bank
arab african international bank
226.039 Billion pounds 165.48 Billion pounds 36.6 %
3 Commercial International Bank-CIB
Commercial International Bank-CIB
488.804 Billion pounds 369.374 Billion pounds 32.44 %
4 Al Ahli Bank of Kuwait Egypt -ABK Egypt
Al Ahli Bank of Kuwait Egypt -ABK Egypt
28.347 Billion pounds 21.469 Billion pounds 32.04 %
5 Abu Dhabi Commercial Bank Egypt- ADCB
Abu Dhabi Commercial Bank Egypt- ADCB
18.833 Billion pounds 14.312 Billion pounds 31.59 %
6 alBaraka Bank Egypt
alBaraka Bank Egypt
54.347 Billion pounds 41.671 Billion pounds 30.42 %
7 Arab Investment Bank- aiBANK
Arab Investment Bank- aiBANK
19.515 Billion pounds 15.128 Billion pounds 29 %
8 Emirates NBD Egypt
Emirates NBD Egypt
39.122 Billion pounds 30.338 Billion pounds 28.95 %
9 Faisal Islamic Bank of Egypt
Faisal Islamic Bank of Egypt
160.714 Billion pounds 125.565 Billion pounds 28 %
10 Credit Agricole Egypt
Credit Agricole Egypt
31.28 Billion pounds 24.59 Billion pounds 27.21 %
11 Qatar National Bank-QNB
Qatar National Bank-QNB
219.241 Billion pounds 173.378 Billion pounds 26.45 %
12 Abu Dhabi Islamic Bank-ADIB Egypt
Abu Dhabi Islamic Bank-ADIB Egypt
72.343 Billion pounds 57.719 Billion pounds 25.34 %
13 NBK Egypt
NBK Egypt
58.25 Billion pounds 46.838 Billion pounds 24.36 %
14 EGBANK
EGBANK
24.401 Billion pounds 19.706 Billion pounds 23.83 %
15 Al Ahli united bank Egypt
Al Ahli united bank Egypt
22.599 Billion pounds 18.411 Billion pounds 22.75 %
16 Bank of Alexandria-Alex Bank
Bank of Alexandria-Alex Bank
106.027 Billion pounds 87.881 Billion pounds 20.65 %
17 Suez Canal Bank
Suez Canal Bank
17.264 Billion pounds 14.377 Billion pounds 20.08 %
18 Arab Banking Corporation- ABC
Arab Banking Corporation- ABC
16.036 Billion pounds 13.453 Billion pounds 19.2 %
19 Attijariwafa Bank Egypt
Attijariwafa Bank Egypt
31.473 Billion pounds 26.937 Billion pounds 16.84 %
20 Housing and Development Bank-HDB
Housing and Development Bank-HDB
53.625 Billion pounds 46.12 Billion pounds 16.27 %
21 Export Development Bank of Egypt-EBank
Export Development Bank of Egypt-EBank
17.594 Billion pounds 15.441 Billion pounds 13.94 %
22 Banque Du Caire-BDC
Banque Du Caire-BDC
177.005 Billion pounds 164.06 Billion pounds 7.89 %