SC Bank, ADIB, and EGBANK the fastest growing listed banks in customer loans after exchange rate Neutralization

First Bank

12/8/2024 2:37:23 PM

First Bank list of the fastest growing listed Banks in customer loans after exchange rate neutralization during 9M of this year revealed that SC Bank topped the list with a growth rate after exchange rate neutralization 37.21%, recording the size of its customer loans portfolio equivalent to EGP 55.548 bn by the end of September 2024.

This ranking shows the real growth of the listed Banks’ customer loans portfolios, especially after the fall in the value of the Egyptian pound against foreign currencies in the light of the reform decisions of the Central Bank of Egypt, which resulted in a rise in the exchange rate of the dollar from EGP 30.93 by the end of December 2023 to EGP 48.08 by the end of September 2024.

First Bank list of the fastest growing listed Banks in customer loans after exchange rate neutralization revealed the volume of customer loans of 11 Banks operating in the Egyptian banking sector, for which financial statements were available by the end of September 2024. The list revealed all the Banks achieved positive growth rates in the volume of their customer loans after exchange rate neutralization during 9M of this year.

Returning to the list, ADIB ranked second after exchange rate neutralization by 30.50% in 9M of this year, after registering the volume of its customer loans portfolio at EGP 95.694 bn by the end of September 2024.

EGBANK was third, after the volume of its customer loans rose at a rate of growth after exchange rate neutralization reached 29.91% in 9M of this year, registering EGP 44.805 bn by the end of September 2024.

As for the fourth position, saib received a growth rate after exchange rate neutralization of 24.89% during 9M of this year, after its customer loans portfolio amounted to EGP 65.529 bn by the end of September 2024.

CIB held fifth place after exchange rate neutralization by 17.50% during 9M of this year, with its customer loans portfolio recorded EGP 349.809 bn by the end of September 2024.

It should be noted that all the above values and growth rates according to the separate financial statements announced to each bank by the end of September 2024, and to view First Bank list of the fastest growing listed banks in customer loans before exchange rate neutralization, click here

The fastest growing listed banks in customer loans after exchange rate Neutralization

#	Bank Name	total customer loans At 9M-2024	growth rate after exchange rate Neutralization
1	Suez Canal Bank	55.548 Billion pounds	37.21 %
2	Abu Dhabi Islamic Bank-ADIB Egypt	95.694 Billion pounds	30.5 %
3	EGBANK	44.805 Billion pounds	29.91 %
4	SAIB BANK	65.529 Billion pounds	24.89 %
5	Commercial International Bank-CIB	349.809 Billion pounds	17.5 %
6	Housing and Development Bank-HDB	53.712 Billion pounds	16.31 %
7	alBaraka Bank Egypt	54.51 Billion pounds	16.02 %
8	Credit Agricole Egypt	51.881 Billion pounds	13.66 %
9	Export Development Bank of Egypt-EBank	67.331 Billion pounds	11.85 %
10	Qatar National Bank-QNB	334.501 Billion pounds	10.39 %
11	Faisal Islamic Bank of Egypt	18.874 Billion pounds	7.02 %