NBK-Egypt, Ahli Unitied Bank , and Banque du Caire top banks on First Bank Resource Employment Index by June 2024-End

First Bank Index for Monitoring top Banks in terms of the rate of Resource Employment in the Banking Sector revealed that NBK-Egypt tops the list with an employment rate of 89.38%, this happens after the Bank employed EGP 131.380 bn of its traditional resources in total customer loans and financial investments portfolios by the end of June 2024, while the bank's total traditional resources reached about EGP 146.984 bn by the end of the same period. 

This index, launched by First Bank Research Centre, measures the employment rate of traditional resources (deposits + equity), in (loans + financial investments) of banks operating in the Egyptian banking sector by the end of June 2024.

Returning to the index, Ahli Unitied Bank won the second position after achieving 82.76% resource employment rate by the end of last December, after employing EGP 104.872 bn of its traditional resources in total customer loans and financial investments portfolios, while the total traditional resources reached 126.712 bn by the end of June 2024.

Banque du Caire ranked third on the list with a resource employment rate of 80.45%, after employing about EGP 283.582 bn of its traditional resources in the total customer loans and financial investments portfolios by the end of December 2023, while the size of its traditional resources by the end of the same period reached about EGP 352.487 bn.

QNB ranked forth with a resource recruitment rate of 80.35%, after employing EGP 571.554 bn of its total traditional resources of 711.363 bn in the portfolios of customer loans and financial investments by the end of June 2024.

Attijariwafa bank took the Fifth position after employing 78.65% of its total traditional resources amounted to EGP 99.073 bn by the end of June 2024, in total customer loans and financial investments portfolios amounted to EGP 77.923 bn by the end of the same period. 

Al Baraka Bank got the Sixth position after its resource employment rate reached 78.49%. The Bank employed EGP 91.707 bn in total customer loans and financial investments portfolios, while its total traditional resources reached 116.835 bn by the end of June 2024. 

saib was able to won the seventh position on the list after employing 73.89% of its total traditional resources amounting to EGP 95.578 bn in total customer loans and financial investments portfolios, while the total traditional resources amounted to EGP 129.346 bn by the end of June 2024. 

CIB ranked eighth with a resource employment rate of 71.95%, after employing EGP 702.164 bn of its traditional resources in total customer loans and financial investments portfolio, while the total traditional resources reached 975.953 bn by the end of June 2024.

Housing and Development Bank ranked ninth with a resource employment rate of 71.69%, after employing EGP 100.273 bn of its traditional resources in total customer loans and financial investments portfolio, while the total traditional resources reached 139.876 bn by the end of June 2024, followed by with resource employment rate of 78.41% by the end of the same period.

Emirates NBD ranked tenth with a resource employment rate of 71.38%, after employing EGP 89.214 bn of its traditional resources in total customer loans and financial investments portfolio, while the total traditional resources reached 124.986 bn by the end of June 2024.

It should be noted that all the above values and employment rates according to the separate financial statements announced to each bank by the end of June 2024