AAIB, EBank and, ADIB fastest growing banks in corporate deposits during 9M- 2024

The List Of First Bank For The Fastest Growing Banks In Corporate Deposits during The first 9M of this Year Revealed that AAIB Topped The List With A Growth Rate Of 60.62%, After Its Total Corporate Deposits Rose To EGP 366.633 Bn At The End Of September 2024, Compared To EGP 228.259 Bn At The End Of December 2023.

First Bank List Tracked The Size Of Corporate Deposits In 22 Banks Operating In The Egyptian Banking Sector That Provided Data During The Analysis Period. 18 Banks Achieved Positive Growth Rates In Their Total Institutional Deposits Portfolios, While 4 other Banks Recorded Decreases From January To September 2024.

Returning To the List, EBank Came In second Place With A Growth Rate Of 52.02% During The first 9M of the current Year, After The Total Portfolio Of Corporate Deposits Rose To EGP 108.684 Bn At The End Of September 2024, Compared To EGP 71.491 Bn At The End Of December 2023.

ADIB Won The Third Place With A Growth Rate Of 50.25% During The first 9M of this Year, To Record EGP 104.285 Bn At The End Of September 2024, Compared To EGP 69.408 Bn At The End Of December 2023.

EGBANK Ranked Fourth with A Growth Rate Of 49.29% during The first 6 months of the current Year, After The Total Portfolio Of Corporate Deposits Reached EGP 91.719 Bn At The End Of September 2024, Compared To EGP 61.436 Bn At The End Of December 2023.   

SC Bank Ranked Fifth with A Growth Rate Of 49.23% During The first 9M of the current Year, Recording The Size Of Its Corporate Deposit Portfolio Of EGP 88.446 Bn By The End Of September 2024, Compared To EGP 59.269 Bn By The End Of December 2023.

NBK-Egypt Come In Sixth Place After Its Corporate Deposits Increased By 42.22% During The first 9M of the current Year, Registering EGP 84.038 Bn By The End Of September 2024, Compared To EGP 59.092 Bn By The End Of December 2023.

ABK–Egypt Ranked Seventh with A Growth Rate Of 38.85% During The first 9M of the current Year, Recording The Size Of Its Corporate Deposit Portfolio Of EGP 85.524 Bn By The End Of September 2024, Compared To EGP 61.595 Bn By The End Of December 2023.

ADCB-Egypt Come in Eigth Position, With A Growth Rate Of 35.29% during The first 9M of the current Year, After Registering Total Corporate Deposits EGP 97.847 Bn By The End Of September 2024, Compared To EGP 72.322 Bn By The End Of December 2023.

Ahli United Bank -Egypt Come In Ninth Place After Its Corporate Deposits Rose By 29.53% During the first 6 months of this year, Registering EGP 92.801 Bn By The End Of September 2024, Compared To EGP 71.647 Bn By The End Of December 2023.

Bank NXT Come In Tenth Place After Its Corporate Deposits Rose By 29.45% During the first 6 months of this year, Registering EGP 46.307 Bn By The End Of September 2024, Compared To EGP 35.772 Bn By The End Of December 2023.

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