NBE, CIB, and QNB Top banks on First Bank credit competitiveness index during H1-2024

First Bank Credit Competitiveness Index For Egyptian Banks During The first half of this Year Revealed National Bank of Egypt Securing The First Position On The Index. The Bank's Total Loans and Facilities For Its Customers Increased To EGP 3.268 tn By The End Of June 2024, Compared To EGP 2.407 tn By The End Of December 2023.

First Bank Index Measures Banks' Ability To Offer Credit Or Loan Products To Attract Customers, Both Individuals And Companies. It Is Based On The Absolute Value Of Growth In The Loan Portfolio, Reflecting The Bank's Success In Increasing Its Loan Portfolio.

CIB Secured the Second Position, With Its Total Loan And Facility Portfolio increasing by EGP 64.35 Bn, reaching EGB 329.45 bn By The End Of June 2024, Compared To EGP 265.10Bn By The End Of December 2023.

QNB Secured The Third Position With An Increase Of EGP 53.95 Bn In Its Total Loan Portfolio During The first half of this Year, Reaching Around EGP322.52 Bn By The End Of June 2024, Compared To 268.58 Bn By The End Of December 2023.

AAIB Ranked Fourth With A Growth Value Of EGP 38.374 Bn During The first half of this Year, Recording EGP 192.752 Bn By The End Of June 2024, Compared To 154.378 Bn By The End Of December 2023.

FABMISR Secured The Fifth Position With An Increase Of EGP 34.5 Bn In Its Total Loan Portfolio During The first half of this Year, Reaching Around EGP121.2Bn By The End Of June 2024, Compared To EGP86.7 Bn By The End Of December 2023.

ADIB - Egypt Came Sixth, With An Increase Of EGP 22.80 Bn In Its Total Portfolio During The first 6 months of this Year, Reaching EGP 90.76 Bn By The End Of June 2024, Compared To EGP 67.96 Bn By The End Of December 2023.

Banque du caire Ranked Seventh Position With An Increase Value EGP 18.80 Bn In Its Total Loan Portfolio During the first half of this Year, Reaching Around EGP 192.71 Bn By The End Of June 2024, Compared To EGP173.90Bn By The End Of December 2023.

saib Ranked Eighth With A Growth Value Of EGP15.18Bn In Its Total Customer Loan Portfolio During The first half of this Year, Rising To EGP61.43Bn By The End Of June 2024, Compared To EGP 46.25 Bn By The End Of December 2023.

ABK-Egypt Ranked Ninth With A Growth Value Of EGP 13.76 Bn In Its Total Loan Portfolio During The first half of the current Year, Reaching Around EGP 60.77 Bn By The End Of June 2024, Compared To EGP47.004Bn By The End Of December 2023.

It Is Worth Mentioning That All The Absolute Values And Growth Figures Mentioned Above Are Based On The Separate Financial Statements Announced By Each Bank At The End Of The Financial Period Ending In June 2024.