According To FirstBank List Of Banks Concentrating On Savings And Deposit Certificates At The End Of June 2024

Total Deposits,Savings and Deposit Certificates,FirstBank list

Alex, Al Baraka Bank, and Banque Du Caire,  Top banks in focusing on savings certificates by June-2024 End

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According To FirstBank List Of Banks Concentrating On Savings And Deposit Certificates At The End Of June 2024, Alex Bank Topped The List, With Its Savings Certificate Portfolio Accounting For 37.79% Of Its Total Deposits Valued At EGP 148.579 tn By The End Of June 2024. Meanwhile, The Savings And Deposit Certificate Portfolio Amounted To EGP 56.141 Bn At The Same Period.

The List Reveals The Banking Corporates' Strategies In Shaping Their Deposit Portfolios Among 22 Banks In The Egyptian Banking Sector. The Data Analyzed Focused Specifically On The Issuance Of Savings And Deposit Certificates To Attract More Customers. 

The List Is Based On The Ratio Of Savings And Deposit Certificates To Total Deposits, Providing An Indicator Of How Much A Bank's Deposit Portfolio Is Concentrated In Savings And Deposit Certificates.

Al  Baraka Bank Bank Secured The Second Position With 31.24% Concentration, Amounting To EGP 106.063 Bn In Savings And Deposit Certificates Within A Total Deposit Portfolio Valued At EGP 33.132 Bn. Followed By Banque Du Caire, With Concentration Ratio Of 29.45% During The Same Period, Amounting To EGP 92.815 Bn In Savings And Deposit Certificates Within A Total Deposit Portfolio Valued At EGP 315.153 Bn by the end of June 2024.

Faisal Islamic Bank In Egypt Ranked Fourth With A Concentration Of 28.07%, Having A Savings Certificate Portfolio Of About EGP165.123 Bn And Total Deposits Of EGP46.346 Bn By The End Of June 2024.

CIB Secured The Fifth Position With 26.79% Of Its Deposit Portfolio, Valued At EGP 857.741 Bn, Concentrated In Savings And Deposit Certificates Worth EGP 229.761 Bn By The End Of June 2024.

As For The Sixth Position, It Was Taken By NBK-Egypt After 25.88% Of Its Deposit Portfolio, Valued At EGP 129.140 Bn By The End Of June 2024, Was Focused On Savings And Deposit Certificates, Which Recorded EGP 33.420 Bn By The End Of The Same Period.

Abu Dhabi Islamic Bank - Egypt Ranked Seventh, With Its Savings And Deposit Certificates Portfolio Capturing 22.70% Of Its Total Deposits, Valued At EGP 163.401 Bn, While The Value Of The Savings And Deposit Certificates Portfolio Amounted To EGP 37.086 Bn By The End Of June 2024. 

Qatar National Bank -QNB Came In Eigth Place, With Its Savings And Deposit Certificates Portfolio Representing 17.69% Of Its Total Deposits, Valued At EGP 498.34 Bn. The Value Of Its Savings And Deposit Certificates Reached EGP 97.36 Bn By The End Of June 2024.

ABK- Egypt Secured The Tenth Place, With 17.49% Of Its Deposit Portfolio Focused On Savings Certificates And Deposits. The Total Value Of Its Deposit Portfolio Amounted To Around EGP 636.481 Bn, While The Savings Certificates And Deposits Reached EGP 112.610 Bn By June 2024 End. 

It's Worth Mentioning That The Values And Concentration Percentages Mentioned In The Analysis Are Based On Separate Financial Statements Declared By Each Bank At The End Of June 2024.