CIB, and QNB, and ADIB, top listed banks on First Bank index of depositor confidence during 9M- 2024

First Bank Index Of Depositors’ Confidence In Listed Banks By The End Of Last September Revealed That Commercial International Bank – Egypt Ranked First After It Succeeded In Increasing Its Customer Deposits Portfolio By EGP 221.382Bn During The first 9M of the current Year, To Record EGP 896.692Bn By The End Of September 2024, Compared To EGP 675.310Bn By The End Of December 2023.

First Bank Index Of Depositors’ Confidence Measured The Value Of The Increase In The Size Of Deposit Portfolios Of 11 Banks Listed On The Egyptian Stock Exchange During The Period From January To September 2024, And The Index Revealed That 10 Banks Were Able To Increase Their Customer Deposits Portfolios By A Total Value Of EGP 653.234 Bn During 9M- 2024 while 1 Bank declined in its portfolio. 

First Bank Index Of Depositors’ Confidence Is An Index That Was Launched To Measure The Trends And Confidence Of Savers In Linking Deposits And Certificates To Egyptian Banks During A Certain Period.

The Index Relies On Measuring The Value Of The Increase In The Balance Of Deposit Portfolios Of Banks Listed On Egyptian Stock Exchange, So That The Largest Bank That Received New Deposits During The Period From January To September 2024 Is The First Bank On The Index.

QNB Ranked Second, After Its Customer Deposits Portfolio Increased By EGP 148.980Bn During The first 9M of this Year, To record EGP 679.099Bn By The End Of September 2024, Compared To EGP 530.119 Bn By The End Of December 2023. Abu Dhabi Islamic Bank – Egypt Came In Third, After It Managed To Increase Its Customer Deposits Portfolio By EGP 57.090Bn During The first 6 months of this year, To Reach EGP 184.218Bn By The End Of September 2024, Compared To EGP 127.128Bn By The End Of December 2023.

Export Development Bank -EBank Came In Fourth Place, After It Managed To Increase Its Customer Deposits Portfolio By An Increase Of EGP 39.918bn during The First 9M of the current year, After Its Portfolio Size Rose To EGP 126.851 Bn By The End Of September 2024, Compared To EGP 86.932 Bn By The End Of December 2023.

The Fifth Place Was Won By Faisal Islamic Bank, After Its Customer Deposits Portfolio Increased by EGP 38.560Bn During The first 9 months of this Year, To Record EGP 169.019Bn By The End Of September 2024, Compared To EGP 130.459Bn By The End Of December 2023.

It Is Worth Noting That All the Numbers And Growth Values Mentioned In The Analysis Above Are According To Separate Financial Statements Announced For Each Bank By The End Of September 2024.