Bank NXT, AL Baraka Bank, SC Bank and HD Bank, fastest-growing banks in credit cards during H1-2024

According To First Bank List of the Fastest-Growing Banks In Credit Cards During the first half of the current year, BANK NXT Topped The List With A Growth Rate Of 111%. The Bank's Credit Card Portfolio Reached EGP168.83Mn By the End Of June 2024, Compared To EGP 80.55 Mn By The End Of December 2023.

First Bank List Tracked Credit Card Portfolios At 21 Banks In The Egyptian Banking Sector During The Analysis Period. all Banks Achieved Positive Growth Rates In Their Total Credit Cards From January To June 2024.

Returning To The List, AL Baraka Bank Came In Second Place With A Growth Rate Of 76% During the first half of this year, Reaching EGP 105.63 Mn By The End Of June 2024, Compared To EGP 60.03 Mn By The End Of December 2023.

Suez Canal Bank Came in Third Place with A Growth Rate Of 68.08% During The first half of 2024. Its Credit Card Portfolio Reached EGP 80.60Mn By the End Of last June, Compared To EGP47.96Mn By The End Of December 2023.

HD Bank Claimed the Fourth Position With A Growth Rate Of 45.98% During the first half of the current year. Its Credit Card Portfolio Reached Around EGP 186.19 Mn By The End Of June 2024, Compared To EGP 127.54 Mn By The End Of December 2023.

ADCB Egypt Came In Fifth Place With A Growth Rate Of 45.63% During the first half of the current year. It Recorded A Credit Card Portfolio Of Approximately EGP 404.88 Mn By The End Of June 2024, Compared To EGP 278.03 Mn By The End Of December 2023.

As For the Sixth Place, It Was Secured By Ahli United Bank With a Growth Rate Of 34.33% During the first half of the current year, Reaching EGP 134.01 Mn By The End Of June 2024, Compared To EGP 99.8 Mn By The End Of December 2023, Followed By Banque Du Caire With A Growth Rate Of 30.80% During The Same Period.

Alex Bank Took the Eighth Position With A Growth Rate Of 26.55% During the first half of the current year. Its Credit Card Value Reached EGP 845.27 Mn by The End Of June 2024, Compared To EGP 667.93 Mn By The End Of December 2023.

ABK- Egypt Came In Ninth Place With A Growth Rate Of 23.45% During the first half of the current year. It Recorded A Credit Card Portfolio Of Approximately EGP 664.04 Mn By The End Of June 2024, Compared To EGP 537.90 Mn By The End Of December 2023.

EBank Came In Tenth Position with A Growth Rate Of 19.63%. Its Total Credit Cards Reached EGP 203.06 Mn by The End Of June 2024, Compared To EGP 169.7 Mn By The End Of December 2023, Followed By AAIB With A Growth Rate Of 16.50% During The Same Period.

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