EBank, ADIB, and EGBANK, fastest growing listed banks in corporate deposits during 9M-2024
First Bank
The List Of First Bank For The Fastest Growing listed Banks In Corporate Deposits During 9M of the current Year, Revealed That EBank Topped The List With A Growth Rate Of 52.02%, After Its Total Portfolio Rose To EGP 108.684 Bn At The End Of September 2024, Compared To EGP 71.492 Bn At The End Of December 2023.
The List, Which Included 11 Banks Listed On The Egyptian Stock Exchange, Disclosed That 9 Banks Of The Banks Under Analysis Achieved Positive Growth Rates In The Total Portfolio Of Corporate Deposits With Them, While 2 Banks Achieved Decline Rates In their Portfolio Of Corporate Deposits During The Period From January To September 2024.
Returning To The List, ADIB Won The Second Place With A Growth Rate Of 50.25% During 9M of the current Year, To Record EGP 104.285 Bn At The End Of September 2024, Compared To EGP 69.409 Bn At The End Of December 2023. EGBANK Came In Third Place With A Growth Rate Of 49.29% During 9M of 2024, After The Total Portfolio Of Corporate Deposits With It Rose To EGP 91.719 Bn At The End Of September 2024, Compared To EGP 61.436 Bn At The End Of December 2023.
SC Bank Won The Fourth Place With A Growth Rate Of 49.23% During 9M of the current Year, After The Size Of The Portfolio Of Corporate Deposits With It Jumped To EGP 88.447 Bn At The End Of September 2024, Compared To EGP 59.270 Bn At The End Of December 2023.
saib Ranked Fifth With A Growth Rate Of 28.81% During 9M of the current Year, After The Total Portfolio Of Corporate Deposits With It Reached EGP 78.490 Bn At The End Of September 2024, Compared To EGP 60.936 Bn At The End Of December 2023.
It Is Worth Noting That All Values And Growth Rates Mentioned In The Analysis Above Are According To Separate Financial Statements Announced For Each Bank At The End Of September 2024.
Fastest growing listed banks in corporate deposits during 9M-2024
# | Bank Name | corporate deposits during 9M-2024 | corporate deposits during 2023 | growth rate % |
---|---|---|---|---|
1 | Export Development Bank of Egypt-EBank | Billion pounds | Billion pounds | 52.02 % |
2 | Abu Dhabi Islamic Bank-ADIB Egypt | Billion pounds | Billion pounds | 50.25 % |
3 | EGBANK | Billion pounds | Billion pounds | 49.29 % |
4 | Suez Canal Bank | Billion pounds | Billion pounds | 49.23 % |
5 | SAIB BANK | Billion pounds | Billion pounds | 28.81 % |
6 | Housing and Development Bank-HDB | Billion pounds | Billion pounds | 27.64 % |
7 | Qatar National Bank-QNB | Billion pounds | Billion pounds | 26.91 % |
8 | Commercial International Bank-CIB | Billion pounds | Billion pounds | 26.13 % |
9 | alBaraka Bank Egypt | Billion pounds | Billion pounds | 10.5 % |
10 | Faisal Islamic Bank of Egypt | Billion pounds | Billion pounds | -5.97 % |
11 | Credit Agricole Egypt | Billion pounds | Billion pounds | -11.78 % |