AL Baraka Bank, EGBANK, and saib, Fastest-growing banks in personal loans during 9M-2024

First Bank List Of The Fastest-Growing Banks In Personal Loans During The first 9M of the current Year Revealed That AL Baraka Bank Topped The List With A Growth Rate Of 57.72%.

The Bank's Personal Loan Portfolio Reached Approximately EGP 11.579 Bn By The End Of September 2024, Compared To EGP 7.342 Bn By The End Of December 2023.

First Bank List Included 20 Banks Operating In The Egyptian Banking Sector, For Which Financial Data Were Available For Analysis.

It Revealed That all Banks Achieved Positive Growth Rates In Their Personal Loan Portfolios During The Period From January To September2024.

Returning To the List, EGBANK Came In Second Place With A Growth Rate Of 51.17% During The first 9M of the current Year, After Its Total Portfolio Rose To EGP 11.636 bn At The End Of September 2024, Compared To EGP 7.697bn At The End Of December 2023. 

saib Ranked Third With A Growth Rate Of 46.80% During The first 9M of the current Year, After Its Total Personal Loan Portfolio Jumped To EGP 15.072 Bn At The End Of September2024, Compared To EGP 10.267 Bn At The End Of December 2023. 

EBank Secured the Fourth Position After Achieving A Total Personal Loan Portfolio Growth Rate Of 38.73% During The first 9M of the current Year, Reaching EGP 8.784 Bn By The End Of September 2024, Compared To EGP 6.332Bn By The End Of December 2023.

SC Bank Came In Fifth Place With A Growth Rate Of 36.80% During The first 9M of the current Year, After Its Total Portfolio Rose To EGP 4.914bn At The End Of September 2024, Compared To EGP 3.592 Bn At The End Of December 2023.

ADIB Ranked Fifth with A Growth Rate Of 35.50% During the first 9M of 2024, After Its Total Personal Loan Portfolio Rose To EGP 22.889 Bn At The End Of September 2024, Compared To EGP 16.892 Bn At The End Of 2023.

Ahli United Bank Ranked Seventh Place After Its Personal Loan Portfolio Grew By 18.90% During The first 6 months of this Year, Reaching EGP 20.18 bn by The End of September2024, Compared To EGP16.97Bn By The End Of December 2023.

ADCB Secured the Eighth Position After Achieving A Total Personal Loans with a Growth Rate Of 34.73% During The first 9M of the current Year, Reaching EGP 3.990 Bn By The End Of September 2024, Compared To EGP 2.961Bn By The End Of December 2023.

CIB Secured the Ninth Position With A Growth Rate Of 24.39% From January To September Of The current Year.

Its Total Personal Loan Portfolio Rose To EGP 52.878Bn By The End Of September 2024, Compared To EGP 42.508 Bn By The End Of December 2023.

ABK – Egypt Ranked Tenth Place After Its Personal Loan Portfolio Grew By 24.24% During The first 9M of the current Year, Reaching EGP 20.014 bn by The End of September 2024, Compared To EGP 16.109 Bn By The End Of December 2023.  

It's Worth Noting That All the Values And Growth Rates Mentioned In The Analysis Above Are Based On Separate Financial Statements Announced On The Official Website Of Each Bank As Of September 2024.