Credit Agricole, EBank, and QNB Fastest growing listed banks in mortgage loans during 9M-2024
First Bank List Of Fastest-Growing listed Banks In Mortgage Loans During 9M-2024 Revealed that Credit Agricole Topped The List With A Growth Rate Of 38.10%, Reaching EGP 1.337 Bn By The End Of September 2024, Compared To EGP 968.502 Mn At The End Of December 2023.
The List, Including 10 Banks Listed On The Egyptian Stock Exchange, Revealed That 9 Banks Achieved Positive Growth Rates In Their Real Estate Loan Portfolios. Meanwhile, 1 Bank Experienced A Decline In Their Total mortgage Loans From January To September 2024.
Returning To The List, That Egyptian Export Development Bank-EBank Secured The Second Position With A Growth Rate Of 27.53% During 9M-2024, With Its Total Mortgage Loan Portfolio Reaching EGP 1.068 bn By The End Of September 2024, Compared To EGP 837.564Mn At The End Of December 2023.
QNB Managed To Secure The Third Position With A Growth Rate Of 27.33% During 9M-2024, With Its Total Mortgage Loan Portfolio Reaching 7.602 Bn By The End Of September 2024, Compared To EGP 5.970 Bn At The End Of December 2023 In.
ADIBClaimed The Fourth Position With A Growth Rate Of 24.13% During 9M-2024, As Its Mortgage Loan Portfolio rose to EGP 593.687 Mn By The End Of September 2024, Compared To EGP 478.284 Mn At The End Of December 2023.
CIBClaimed The Fifth Position With A Growth Rate Of 20.55% During 9M-2024, As Its Mortgage Loan Portfolio Increased To EGP 5.228 bn By The End Of September 2024, Compared To EGP 4.337 bn At The End Of December 2023.
It’s Worth Noting That All The Mentioned Values And Growth Rates In The Analysis Above Are Based On Separate Financial Statements Announced By Each Bank By The End Of September 2024.
Fastest growing listed banks in mortgage loans during 9M-2024
| # | Bank nema | Value At 9M-2024 | Value At 2023 | Growth rate % |
|---|---|---|---|---|
| 1 |
Credit Agricole Egypt |
1.337 Billion pounds | 968.502 Million pounds | 38.1 % |
| 2 |
Export Development Bank of Egypt-EBank |
1.068 Billion pounds | 837.564 Million pounds | 27.53 % |
| 3 |
Qatar National Bank-QNB  |
7.602 Billion pounds | 5.97 Billion pounds | 27.33 % |
| 4 |
Abu Dhabi Islamic Bank-ADIB Egypt |
593.687 Million pounds | 478.284 Million pounds | 24.13 % |
| 5 |
Commercial International Bank-CIB |
5.228 Billion pounds | 4.337 Billion pounds | 20.55 % |
| 6 |
EGBANK |
476.385 Million pounds | 396.231 Million pounds | 20.23 % |
| 7 |
SAIB BANK |
1.411 Billion pounds | 1.204 Billion pounds | 17.21 % |
| 8 |
Housing and Development Bank-HDB |
13.372 Billion pounds | 12.519 Billion pounds | 6.81 % |
| 9 |
Faisal Islamic Bank of Egypt |
2.342 Billion pounds | 2.297 Billion pounds | 1.96 % |
| 10 |
alBaraka Bank Egypt |
125.949 Million pounds | 177.88 Million pounds | -29.19 % |
