ADIB, Credit Agricole, EBank, SAIB top First Bank list of most investing in customers loans 9M

Abu Islamic Bank topped First Bank list of most investing in customers loans. The bank’s net customer loan portfolio acquired a relative weight of 53.08% which is considered the largest share of its total assets

 ADIB’s customer loans posted EGP 55.04 billion by the end of June 2022, while its total assets recorded EGP 103.7 billion during the same period.

First Bank made up list for most focused listed bank on investing in customer loans

The First Bank conducted a list for banks most focused on investing in customer loans. The list went through the investment trends of listed banks, specifically on the level of total customer loans. The measure is based on net customers’ loans to total assets criterion, to give an indication of the extent to which the bank’s asset portfolio is concentrated into customer loans.

Credit Agricole Egypt ranked second after customers loans portfolio acquired a relative weight of 53% of the bank’s total assets. The bank’s customers’ loans posted EGP33.3 billion pounds, while its total assets portfolio recorded EGP 67.2 billion at the end of September 2022.

E-Bank was the third on the list after 48.57% of the bank’s total assets were concentrated in the customer loan portfolio at the end of the first 9 months of 2022. The bank’s customer loans amounted to EGP42.3 billion while its asset portfolio amounted to EGP 87 billion.

Saib maintains the fourth place followed by QNB

In addition, Saib was in fourth place on the list as its customer loan portfolio accounted for 46.59% of the bank’s total assets at the end of last September. The bank’s loans portfolio recoded 39 billion pounds, while total assets posted 83.8 billion pounds by the end of September.

Moreover, QNB Al Ahli Bank came in fifth place after 46.05% of the total assets portfolio was concentrated in the customer loan portfolio. The bank’s loans portfolio amounted to 39 billion pounds, while the total assets amounted to 83.8 billion pounds by the end of September 2022.

•             All figures in the list are in accordance with the independent financial statements announced for each bank.