ADIB Egypt, Al Baraka Bank, and saib, fastest growing listed banks in syndicated loans During 9M-2024

First Bank List Of Listed Banks With The Fastest Growth In Syndicated Loans During the first 9 months of the current Year Revealed That ADIB Egypt Topped The List With A Growth Rate Of 74.24%, Recording A Syndicated Financing Of EGP 1.385 bn By The End Of September 2024, Compared To EGP 795.048 mn By The End Of December 2023.

The List, Which Included 10 Banks Listed on The Egyptian Stock Exchange (Excluding Faisal Islamic Egyptian Bank), Disclosed That all Banks Achieved Positive Growth Rates In Their Syndicated Loan Portfolios From January To September 2024.

Returning To the List, Al Baraka Bank Claimed The Second Position After Its Syndicated Loan Portfolio Jumped By 56.65% During the first 9 months of this Year, Reaching EGP 7.093 Bn By The End Of September 2024, Compared To EGP 4.528 bn By The End Of December 2023.

saib Secured The Third Position With A Growth Rate Of 45.57% During the first 9 months of this Year, As Its Syndicated Loan Portfolio Increased To EGP 20.227 Bn By The End Of September 2024, Compared To EGP 13.894 Bn By The End Of December 2023.

CIB Achieved the Fourth Position With A Growth Rate Of 44.31% During The first 9M of the current year, As Its Total Syndicated Loan Portfolio Rose To EGP 74.049 bn By The End Of September 2024, Compared To EGP 51.312 bn By The End Of December 2023.

As For The Fourth Position, It Was Secured By QNB After Its Syndicated Loan Portfolio Jumped By 43.29% During The first 9M of 2024, Reaching EGP 31.872 Bn By The End Of September 2024, Compared To EGP 22.243 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 At The End Of September 2024.