CIB, QNB and AAIB Top banks on First Bank credit competitiveness index during 9M-2024

12/23/2024 4:02:36 PM

First Bank Credit Competitiveness Index For Egyptian Banks During The first 9M of this Year Revealed CIB Securing The First Position On The Index. The Bank's Total Loans and Facilities For Its Customers Increased To EGP 84.705 bn By The End Of September 2024, Compared To EGP349.808 bn By The End Of December 2023.

First Bank Index Measures Banks' Ability To Offer Credit Or Loan Products To Attract Customers, Both Individuals And Companies. It Is Based On The Absolute Value Of Growth In The Loan Portfolio, Reflecting The Bank's Success In Increasing Its Loan Portfolio.

QNB Secured the Second Position, With Its Total Loan And Facility Portfolio increasing by EGP 65.924 Bn, reaching EGB 329.45 bn By The End Of September 2024, Compared To EGP 334.501 Bn By The End Of December 2023.

AAIB Secured The Third Position With An Increase Of EGP 43.077 Bn In Its Total Loan Portfolio During The first 9M of this Year, Reaching Around EGP 197.454 Bn By The End Of September 2024, Compared To 154.377 Bn By The End Of December 2023.

FABMISR Ranked Fourth With A Growth Value Of EGP 38.9 Bn During The first 9M of this Year, Recording EGP 125.6 Bn By The End Of September 2024, Compared To 202.701 Bn By The End Of December 2023.

Banque du Caire Secured The Fifth Position With An Increase Of EGP 28.793 Bn In Its Total Loan Portfolio During The first 9M of this Year, Reaching Around EGP202.701 Bn By The End Of September 2024, Compared To EGP 173.908 Bn By The End Of December 2023.

ADIB - Egypt Came Sixth, With An Increase Of EGP 27.285 Bn In Its Total Portfolio During The first 9M of this Year, Reaching EGP 95.694 Bn By The End Of September 2024, Compared To EGP68.408 Bn By The End Of December 2023.

NBK Ranked Seventh Position With An Increase Value EGP 22.084 Bn In Its Total Loan Portfolio During the first 9M of this Year, Reaching Around EGP 98.140 Bn By The End Of September 2024, Compared To EGP76.055 Bn By The End Of December 2023.

ABK-EGYPT Ranked Eighth With A Growth Value Of EGP 20.774 Bn In Its Total Customer Loan Portfolio During The first 9M of this Year, Rising To EGP 67.778 Bn By The End Of September 2024, Compared To EGP 47.003 Bn By The End Of December 2023.

Emirates NBD Ranked Ninth With A Growth Value Of EGP 13.76 Bn In Its Total Loan Portfolio During The first 9M of the current Year, Reaching Around EGP 79.490 Bn By The End Of September 2024, Compared To EGP 60.066 Bn By The End Of December 2023.

saib Ranked tenth With A Growth Value Of EGP 19.281 Bn In Its Total Loan Portfolio During The first 9M of the current Year, Reaching Around EGP 65.529 Bn By The End Of September 2024, Compared To EGP 46.248 Bn By The End Of December 2023.

It Is Worth Mentioning That All The Absolute Values And Growth Figures Mentioned Above Are Based On The Separate Financial Statements Announced By Each Bank At The End Of The Financial Period Ending In September 2024.