AAIB, EGBANK, ADIB, and, EBank Fastest-growing banks in Assets during 9M-2024

First Bank

12/12/2024 10:52:06 AM

First Bank List Reveals That AAIB Leads The Fastest-Growing Banks in Total Assets With A Growth Rate of 59.82% During 9M of the current Year, Reaching EGP 861.131 Bn By The End Of September 2024, Compared To EGP 538.812 Bn By The End Of 2023.

Analysis Covers 23 Banks operatin in The Egyptian Stock Exchange, All Showing Positive Growth Rates In Their Financial Positions From January To September 2024.

EGBANK, takes The Second Position With A 48.32 % Growth Rate During 9M of the current Year, Reaching A Total Asset Portfolio Of EGP 145.082 Bn By The End Of September 2024, Compared To EGP 97.818 Bn By The End Of 2023.

ADIB, takes The third Position With A 47.94 % Growth Rate During 9M of the current Year, Reaching A Total Asset Portfolio Of EGP 237.655 Bn By The End Of September 2024, Compared To EGP 160.647 Bn By The End Of 2023.

EBank, Secured The Forth Position With A Growth Rate Of 46.12 % During 9M of the current Year, Recording Total Assets Of EGP 170.606 Bn By The End Of September 2024, Compared To EGP 116.755 Bn By The End Of 2023.

SC Bank Claims The Fifth Position With A Growth Rate Of 43.32% During 9M of the current Year, Reaching EGP 147.531 Bn In Total Assets By The End Of September 2024, Compared To EGP 102.939 Bn By The End Of 2023.

As For The Sixth Position, ADCB–Egypt With A Growth Rate Of 40.72% During 9M of the current Year, Reaching EGP 98.064 Bn In Total Assets By The End Of September 2024, Compared To EGP 97.61 Bn By The End Of 2023, followed by ADIB with A Growth Rate Of 30.04% during the same period of the current year.

Regarding the seventh position, ABK-Egypt Achieves A Growth Rate Of 40.22% During 9M of the current Year, With Total Assets Reaching EGP 136.859 tn By The End Of September 2024, Compared To EGP 97.606 Bn By The End Of 2023.

NBK-Egypt ranked eighth with A Growth Rate Of 39.30% During 9M of the current Year, With Total Assets Reaching EGP181.945 Bn By The End Of September 2024, Compared To EGP 130.610 Bn By The End Of 2023.

FAB ranked ninth with A Growth Rate Of 39% During 9M of the current Year, With Total Assets Reaching EGP 410 Bn By The End Of September 2024, Compared To EGP 295 Bn By The End Of 2023.

saib ranked eighth with A Growth Rate Of 38% During 9M of the current Year, With Total Assets Reaching EGP 148.766 Bn By The End Of September 2024, Compared To EGP 107.810 Bn By The End Of 2023.

All Values And Growth Rates Mentioned Are Based On Separate announced Financial Statements Of Each Bank By The End Of September 2024.

Fastest-growing banks in Assets during 9M-2024

#	Bank Name	Assets during 9M-2024	Assets during 2023	growth rate %
1	arab african international bank	861.131 Billion pounds	538.812 Billion pounds	59.82 %
2	EGBANK	145.082 Billion pounds	97.818 Billion pounds	48.32 %
3	Abu Dhabi Islamic Bank-ADIB Egypt	237.655 Billion pounds	160.647 Billion pounds	47.94 %
4	Export Development Bank of Egypt-EBank	170.606 Billion pounds	116.755 Billion pounds	46.12 %
5	Suez Canal Bank	147.531 Billion pounds	102.939 Billion pounds	43.32 %
6	Abu Dhabi Commercial Bank Egypt- ADCB	137.991 Billion pounds	98.064 Billion pounds	40.72 %
7	Al Ahli Bank of Kuwait Egypt -ABK Egypt	136.859 Billion pounds	97.606 Billion pounds	40.22 %
8	NBK Egypt	181.945 Billion pounds	130.61 Billion pounds	39.3 %
9	First Abu Dhabi Bank Egypt-FAB	410 Billion pounds	295 Billion pounds	39 %
10	SAIB BANK	148.766 Billion pounds	107.81 Billion pounds	37.99 %
11	Commercial International Bank-CIB	1.115 Trillion pounds	832.527 Billion pounds	33.89 %
12	Attijariwafa Bank Egypt	114.89 Billion pounds	88.662 Billion pounds	29.58 %
13	BANK NXT	78.865 Billion pounds	61.446 Billion pounds	28.35 %
14	Faisal Islamic Bank of Egypt	225.761 Billion pounds	176.962 Billion pounds	27.58 %
15	Qatar National Bank-QNB	785.106 Billion pounds	620.531 Billion pounds	26.52 %
16	Al Ahli united bank Egypt	142.243 Billion pounds	113.206 Billion pounds	25.65 %
17	alBaraka Bank Egypt	125.696 Billion pounds	100.447 Billion pounds	25.14 %
18	Housing and Development Bank-HDB	156.326 Billion pounds	125.102 Billion pounds	24.96 %
19	Bank of Alexandria-Alex Bank	198.441 Billion pounds	161.962 Billion pounds	22.52 %
20	Arab Banking Corporation- ABC	82.8 Billion pounds	69.369 Billion pounds	19 %
21	Banque Du Caire-BDC	477.864 Billion pounds	401.647 Billion pounds	18.98 %
22	Emirates NBD Egypt	149.884 Billion pounds	128.119 Billion pounds	16.99 %
23	Credit Agricole Egypt	115.307 Billion pounds	105.995 Billion pounds	8.79 %