CIB, QNB, HDB on top of First Bank indicator for depositor confidence during 9M-22
CIB came first on the First Bank index of depositor confidence:
Commercial International taken the lead on First Bank depositor confidence index among listed bank in the Egyptian market after increasing its deposits portfolio by EGP 91.4 billion recording 497 brillion pounds by the end of September up from 406 billion pounds by December 2021
First Bank index, first Egyptian index provider, has measured the deposit portfolio for 11 listed banks working in the Egyptian market in accordance with their financial statements. The index showed that all the listed banks have succeeded in increasing their deposits.
on First Bank depositor confidence index was launched to analyze the attitude of customers and their confidence in issuing new deposits and certificates during a certain period. The index depends on measuring the value of the increase of deposit portfolios within the Egyptian banks
QNB Al Ahli ranked second on First Bank depositor confidence index:
Banque Misr was ranked in second place on the index as it has succeeded in increasing its deposits portfolio by 80 billion pounds by the end of September to post 377 billion pounds up from 296 billion pounds by the end of December 2021.
The Housing and Development Bank has come third after customers' deposits jump by 24.3 billion pound to stand at EGP 87.2 billion at the end of September 2022, compared to EGP 62.9 billion at the end of December 2021.
Abu Dhabi Islamic Bank - Egypt was ranked fourth as its customers’ deposits rose by EGP10 billion to stand at EGP85.8 billion by the end of September 2022, compared to 75.8 billion by the end of December 2021.
Saib Bank was fifth place as its deposits has rose by 9.5 billion pounds to post EGP 71.8 billion at the end of September 2022, compared to EGP 62.3 billion at the end of December 2021.
The ratings mentioned in the above analysis are in accordance with the separate financial statements announced by each bank at the first nine months of 2022.
First Bank index of depositor confidence in listed banks during 9M-22
| # | Bank name | Value by September-end 2022 | Value by December-end 2021 | Growth value |
|---|---|---|---|---|
| 1 |
Commercial International Bank-CIB |
497.585 billion pounds | 406.101 billion pounds | 91.484 billion pounds |
| 2 |
Qatar National Bank-QNB Al Ahli |
376.932 billion pounds | 296.24 billion pounds | 80.692 billion pounds |
| 3 |
Housing and Development Bank-HDB |
87.245 billion pounds | 62.896 billion pounds | 24.349 billion pounds |
| 4 |
Abu Dhabi Islamic Bank-ADIB Egypt |
85.803 billion pounds | 75.803 billion pounds | 10 billion pounds |
| 5 |
SAIB BANK |
71.831 billion pounds | 62.332 billion pounds | 9.499 billion pounds |
| 6 |
EGBANK |
73.67 billion pounds | 64.424 billion pounds | 9.246 billion pounds |
| 7 |
Suez Canal Bank |
57.831 billion pounds | 50.587 billion pounds | 7.244 billion pounds |
| 8 |
Faisal Islamic Bank of Egypt |
116.178 billion pounds | 109.56 billion pounds | 6.618 billion pounds |
| 9 |
Export Development Bank of Egypt-EBank |
70.764 billion pounds | 64.381 billion pounds | 6.383 billion pounds |
| 10 |
Credit Agricole Egypt |
53.719 billion pounds | 48.216 billion pounds | 5.503 billion pounds |
| 11 |
alBaraka Bank Egypt |
72.597 billion pounds | 72.569 billion pounds | 0.028 billion pounds |
