HD Bank, ADIB Egypt, and CIB Fastest growing listed banks in net interest income in 9M-2024
First Bank
First Bank List Of Fastest-Growing Listed Banks In Net Interest Income Revealed That HD Bank Topped The List, With A 81.96% Growth Rate In Net Income, Reaching EGP 13.281 Bn during 9M-2024 Compared To EGP 7.299 Bn during the same period 2023.
The Analysis Included 11 Banks Listed On The Egyptian Stock Exchange, All Achieving Positive Growth Rates In Net Interest Income From January To September 2024.
Abu Dhabi Islamic Bank – Egypt (ADIB) Came Second With A Growth Rate Of 76.43%, Recording EGP 10.843 Bn In Net Interest Income During 9M-2024, Compared To EGP 6.146 Bn In 9M-2023.
CIB Secured The Third Position With An 74.33% Growth Rate, Registering A Net Interest Income Of EGP 65.526 Bn In 9M-2024, Compared To EGP 37.587 Bn during the same period In 2023.
SC Bank Claimed The Fourth Position With An 67.58% Growth Rate, Reporting A Net Interest Income Of EGP 3.893Bn In 9M-2024, Compared To EGP 2.323 Bn In 9M-2023.
EBank Ranked Fifth, Achieving A Growth Rate Of 61.37% With A Net Interest Income Of EGP 6.122 Bn In 9M-2024, Compared To EGP 3.793 Bn during the same period in 2023.
It’s Worth Noting That All Values And Growth Rates Mentioned Are Based On Separate Declared Financial Statements Of Each Bank At The End Of September, 2024.
Fastest 5 growing listed banks in Net interest income during 9M-2024
| # | Bank Name | Net interest income during 9M-2024 | Net interest income during 9M-2023 | growth rate % |
|---|---|---|---|---|
| 1 |
Housing and Development Bank-HDB |
13.28 billion pounds | 7.29 billion pounds | 81.96 % |
| 2 |
Abu Dhabi Islamic Bank-ADIB Egypt |
10.84 billion pounds | 6.14 billion pounds | 76.43 % |
| 3 |
Commercial International Bank-CIB |
65.52 billion pounds | 37.58 billion pounds | 74.33 % |
| 4 |
Suez Canal Bank |
3.89 billion pounds | 2.32 billion pounds | 67.58 % |
| 5 |
Export Development Bank of Egypt-EBank |
6.12 billion pounds | 3.79 billion pounds | 61.37 % |
| 6 |
SAIB BANK |
4.98 billion pounds | 3.17 billion pounds | 56.73 % |
| 7 |
Credit Agricole Egypt |
8.18 billion pounds | 5.22 billion pounds | 56.71 % |
| 8 |
EGBANK |
4.08 billion pounds | 2.64 billion pounds | 54.14 % |
| 9 |
Faisal Islamic Bank of Egypt |
6.29 billion pounds | 4.31 billion pounds | 45.79 % |
| 10 |
Qatar National Bank-QNB  |
29.65 billion pounds | 21.63 billion pounds | 37.11 % |
| 11 |
alBaraka Bank Egypt |
4.38 billion pounds | 3.23 billion pounds | 35.51 % |
