Al Baraka Bank, EGBANK, and saib, Fastest-growing listed banks in retail loans during 9M-2024
First Bank
According To First Bank List Of The Fastest-Growing Listed Banks In Retail Loans During 9M of the current Year, Al Baraka Bank Topped The List With A Growth Rate Of 56.69%, Reaching A Total Portfolio Of EGP 11.877 Bn By The End Of September 2024, Compared To EGP 7.580 Bn By The End Of December 2023.
The List, including 11 Banks Listed On The Egyptian Stock Exchange, Reveals Positive Growth Rates In Retail Loan Portfolios For all Banks Analyzed During The Period From January To September 2024.
EGBANK Secured The Second Position With A Growth Rate Of 56% During 9M of the current Year, Reaching A Total Retail Loan Portfolio Of EGP 13.050 Bn By The End Of September 2024, Compared To EGP 8.366 Bn By The End Of December 2023.
saib Claimed the Third Position With A Growth Rate Of 40.95% During 9M of the current Year, Registering EGP 17.844 Bn In Retail Loans By The End Of September 2024, Compared To EGP 12.660 Bn By The End Of December 2023.
SC Bank Ranked Fourth With A Growth Rate Of 36.57% During 9M of the current Year, Reaching A Total Retail Loan Portfolio Of EGP 5.071 Bn By The End Of September 2024, Compared To EGP 3.713 Bn By The End Of December 2023.
The Fifth Position Was Secured By ADIB, With A Growth Rate Of 35.14% During 9M of the current Year, Recording EGP 24.626 Bn In Retail Loans By The End Of September 2024, Compared To EGP 18.223 Bn By The End Of December 2023.
It’s Worth Noting That All Values and Growth Rates Mentioned In The Analysis Are Based On Separate Financial Statements Announced By Each Bank By The End Of September 2024.
Fastest 5 growing listed banks in retail loans during 9M-2024
| # | Bank Name | retail loans during 9M-2024 | retail loans during 2023 | growth rate % |
|---|---|---|---|---|
| 1 |
alBaraka Bank Egypt |
11.87 Billion pounds | 7.58 Billion pounds | 56.69 % |
| 2 |
EGBANK |
13.05 Billion pounds | 8.3 Billion pounds | 56 % |
| 3 |
SAIB BANK |
17.84 Billion pounds | 12.66 Billion pounds | 40.95 % |
| 4 |
Suez Canal Bank |
5.07 Billion pounds | 3.71 Billion pounds | 36.57 % |
| 5 |
Abu Dhabi Islamic Bank-ADIB Egypt |
24.62 Billion pounds | 18.22 Billion pounds | 35.14 % |
| 6 |
Export Development Bank of Egypt-EBank |
10.33 Billion pounds | 7.714 Billion pounds | 33.94 % |
| 7 |
Commercial International Bank-CIB |
74.881 Billion pounds | 60.065 Billion pounds | 24.67 % |
| 8 |
Credit Agricole Egypt |
13.37 Billion pounds | 10.86 Billion pounds | 23.07 % |
| 9 |
Qatar National Bank-QNB  |
63.77 Billion pounds | 53.96 Billion pounds | 18.18 % |
| 10 |
Housing and Development Bank-HDB |
27.2 Billion pounds | 24.91 Billion pounds | 9.17 % |
| 11 |
Faisal Islamic Bank of Egypt |
3.44 Billion pounds | 3.285 Billion pounds | 4.78 % |
