SC Bank, HD Bank, and ADIB, fastest growing listed banks in corporate direct loans during 9M-2024

First Bank List Revealed the Fastest-Growing Listed Banks in Direct Loans During 9M of the current Year. SC Bank Topped the List with A Growth Rate Of 100%, Reaching A Total Portfolio of EGP 8.674 Bn by The End of March 2024, Compared To EGP 4.337 Bn In December 2023.

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

Returning To the List, HD Bank, Secured the Second Position with A Growth Rate Of 36.91% During 9M of the current Year. Its Total Portfolio Reached EGP 13.900 Bn By the End of September 2024, Compared To EGP 10.153 Bn At The End Of December 2023

ADIB Come in Third Place with A Growth Rate Of 36.24% During 9M of this year. Its Total Direct Loan Portfolio Reached EGP 56.206 Bn By The End Of September 2024, Compared To EGP 41.254 Bn At The End Of December 2023.

QNB Claimed The Fourth Position With A Growth Rate Of 31.06% During 9M of 2024, Its Total Direct Loan Portfolio Reaching EGP 103.043 Bn By The End Of September 2024, Compared To EGP 78.623 Bn At The End Of December 2023.

CIB Secured the Fifth Position On The List With A Growth Rate Of 28.25% During 9M-2024. Its Total Direct Loan Portfolio Reached EGP 126.289 Bn By The End Of September 2024, Compared To EGP 98.469 Bn At The End Of December 2023.

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