CIB, SC Bank, and Credit Agricole, Fastest-growing listed banks in financial investments during 9M-2024

11/21/2024 4:31:43 PM

First Bank List Revealed The Fastest-Growing Listed Banks In Financial Investments During The First 9M Of The Current Year. Revealed That Commercial International Bank-CIB Topped The List With A Growth Rate Of 36.67%, Reaching A Total Portfolio Of EGP 369.208 Bn By The End Of September 2024, Compared To EGP 270.138 Bn In December 2023.

The List, Included 11 Banks Listed On The Egyptian Stock Exchange, Revealed 9 Banks Achieved Positive Growth Rates In The Total Value Of Their Financial Investment Portfolios And T-Bills Meanwhile, 2 Banks Experienced A Decline In Their Total Financial Investments During The Period From January To September 2024.

Returning To The List, Suez Canal Bank Claimed The Second Position Achieved A Growth Rate Of 27.44% During The First 9 months Of The Current Year, Recording A Total Financial Investment And Treasury Bills Approximately EGP 29.386 Bn By The End Of September 2024, Compared To EGP 23.058 Bn At The End Of December 2023.

Credit Agricole Bank Claimed The Third Position With A Growth Rate Of 21.44% During The First 9M Of The Current Year, Reaching A Total Investment Portfolio And T-Bills Of EGP 21.804 Bn By The End Of September 2024, Compared To EGP 17.955 Bn At The End Of December 2023.

Faisal Islamic Bank Secured The Fourth Position With A Growth Rate Of 19.69% During The First 9M Of This Year. The Total Portfolio Of Financial Investments And Treasury Bills At The Bank Rose To EGP 115.215 Bn By The End Of September 2024, Compared To EGP 96.262 Bn At The End Of December 2023.

HD Bank Occupied The Fifth Position With A Growth Rate Of 18.66% During The First 9M Of The Current Year. The Total Financial Investments Reached Approximately EGP 54.551 Bn By The End Of September 2024, Compared To EGP 45.971 Bn At The End Of December 2023.

It Is Worth Noting That All The Values And Growth Rates Mentioned In The Analysis Are Based On Separate Financial Statements Announced By Each Bank At The End Of September 2024.