SC Bank, saib, and ADIB, Fastest growing listed banks in corporate loans during 9M-2024
First Bank
First Bank List Of The Fastest-Growing listed Banks In Corporate Loans During 9M-2024 Revealed That SC Bank Topped The List With A Growth Rate Of 51.12%, Reaching A Total Portfolio Of EGP 50.477 Bn By The End Of September 2024, Compared To EGP 33.401 Bn At The End Of December 2023.
The List, Including 11 Banks Listed On The Egyptian Stock Exchange, Disclosed That All Banks Achieved Positive Growth Rates In Their Total Corporate Loan Portfolios During The Period From January To September 2024.
saib Secured The Second Position With A Growth Rate Of 41.97% In Its Corporate Loans During 9M-2024, Reaching EGP 47.686 Bn By The End Of September 2024, Compared To EGP 33.588 Bn At The End Of December 2023.
ADIB Claimed The Third Position With A Growth Rate Of 41.61% During 9M-2024, As Its Total Corporate Loan Portfolio exceeded EGP 71.068 Bn By The End Of September 2024, Compared To EGP 50.186 Bn At The End Of December 2023.
CIB Took The Fourth Position With A Growth Rate Of 34.09% During 9M-2024, As Its Total Portfolio Reached EGP 274.928 Bn By The End Of September 2024, Compared To EGP 205.039 Bn At The End Of December 2023.
HD Bank Ranked Fifth With A Growth Rate Of 28.77% During 9M-2024, Reaching A Corporate Loan Portfolio Of EGP 26.486 Bn By The End Of September 2024, Compared To EGP 20.568 Bn At The End Of December 2023.
It’s Worth Noting That All The Values And Growth Rates Mentioned In The Above Analysis Are Based On Separate Financial Statements Announced By Each Bank At The End Of September 2024.
Fastest growing listed banks in corporate loans during 9M-2024
| # | Bank Name | corporate loans during 9M-2024 | corporate loans during 2023 | growth rate% |
|---|---|---|---|---|
| 1 |
Suez Canal Bank |
50.477 Billion pounds | 33.4 Billion pounds | 51.12 % |
| 2 |
SAIB BANK |
47.686 Billion pounds | 33.58 Billion pounds | 41.97 % |
| 3 |
Abu Dhabi Islamic Bank-ADIB Egypt |
71.068 Billion pounds | 50.18 Billion pounds | 41.61 % |
| 4 |
Commercial International Bank-CIB |
274.928 Billion pounds | 205.03 Billion pounds | 34.09 % |
| 5 |
Housing and Development Bank-HDB |
26.48 Billion pounds | 20.56 Billion pounds | 28.77 % |
| 6 |
Qatar National Bank-QNB  |
270.73 Billion pounds | 214.61 Billion pounds | 26.15 % |
| 7 |
EGBANK |
31.75 Billion pounds | 25.34 Billion pounds | 25.28 % |
| 8 |
Export Development Bank of Egypt-EBank |
56.99 Billion pounds | 46.9 Billion pounds | 21.52 % |
| 9 |
Credit Agricole Egypt |
38.5 Billion pounds | 31.84 Billion pounds | 20.94 % |
| 10 |
Faisal Islamic Bank of Egypt |
14.32 Billion pounds | 12.76 Billion pounds | 20.89 % |
| 11 |
alBaraka Bank Egypt |
42.63 Billion pounds | 36.14 Billion pounds | 17.94 % |
