Faisal Bank, Alex bank, and CIB Top banks in focusing on Retail deposits by June- 2024 end

FirstBank's List of Banks with The Highest Focus On Retail deposits At The End Of Last June Revealed That Faisal Islamic Bank Topped The List, With Its Retail deposit Portfolio Accounting For 97.33% Of The Bank's retail Deposits, Amounting To EGP 160.713 Bn. Total Customer Deposits Portfolio Was EGP 165.123 Bn By The End Of June 2024.

The List Reveals the Banks' Strategies In Forming Their Deposit Portfolios, Emphasizing The Diversity In Offering Certificates And Products To Attract More Customers. The Ranking Is Based On The Ratio Of Retail Deposits To Total Deposits, Providing An Indicator Of The Bank's Concentration On Retail Deposits.

Alex Bank Secured The Second Position, With 71.36% Of Its Total Deposits Concentrated In Its Retail Deposit Portfolio, Totaling EGP 148.579 Bn By The End Of June 2024, While The Bank's Total Deposit Portfolio Amounted To About EGP 106.027 Bn By The End Of The Same Period.

  Commercial International Bank (CIB) Egypt Secured The Third Position, With 56.99% Of Its Deposit Portfolio Valued At EGP 488.804 Bn By The End Of June 2024, Dedicated To Retail Deposits, Which Amounted To EGP 857.741 Bn During The Same Period, Followed By Banque Du Caire, With Concentration Ratio Of 56.16% By The End Of The Same Period.

alBaraka Bank Ranked Fifth, with 51.24% Of Its Total Deposit Portfolio Of EGP 106.063 Bn By The End Of June 2024 Dedicated To Retail Deposits, Which Amounted To EGP 54.347 Bn During The Same Period.

NBK – Egypt Claimed The Sixth Position, With 45.11% Of Its Deposit Portfolio, Totaling EGP 129.140 Bn, Dedicated To Retail Deposits Amounting To Approximately EGP 58.249 Bn By The End Of June 2024

Abu Dhabi Islamic Bank – Egypt Secured The Seventh Position, With 44.27% Of Its Deposit Portfolio, Valued At EGP 163.401 Bn, Focused On Retail Deposits Amounting To EGP 72.343 Bn By The End Of June 2024.

The Eigth Position Went To HD Bank, With 44.06 % Of Its Customer Deposit Portfolio, Valued At EGP 53.625 Bn, Focused On Retail Deposits Amounting To EGP 121.702 Bn By The End Of June 2024.

AAIB Egypt Ranked Ninth, With 41.11% Of Its Total Deposit Portfolio Of EGP 549.899 Bn By The End Of June 2024 Dedicated To Retail Deposits, Which Amounted To EGP 226.039 Bn By The End Of The Same Period.

It's Worth Noting That the Values And Concentration Ratios Mentioned In The Analysis Above Are Based On The Separate Financial Statements Announced By Each Bank By June 2024 End