ADIB's significant performance on First Bank lists of fastest growing listed banks 9M-2024

Abu Dhabi Islamic Bank - Egypt achieved a record performance in the first 9 months of 2024, thanks to the fruitful efforts of the executive management of the bank under the leadership of Mohammed Aly, CEO and Managing Director of the Bank, which reflected positively on the results of its business in the first 9 months of 2024

This is evident in the Bank's leadership of 8 of the lists issued by the classification centre of the website "First Bank" to measure and classify the financial performance of banks operating in the Egyptian market

Abu Dhabi Islamic Bank - Egypt topped First Bank list of the fastest growing Bank's in syndicated loan in the first 9 months of this year, after its portfolio volume increased by 74.24% and an increase of 590 million pounds, registering 1.385 billion pounds by the end of September 2024, compared to 795 million by December 2023.

The bank also led the list of the fastest growing banks in customer deposits "after neutralizing the exchange rate" at a growth rate of 29.78% during the first 9 months of 2024, after its portfolio increased to 184.218 billion pounds by the end of September

This is attributable to the bank's ability to increase its corporate deposits which jumped at a growth rate of 50.25%, earning second place on the list of the fastest growing banks in institutional deposits during the first 9 months of this year. with a portfolio of about 104.28 billion pounds by the end of September 2024, compared to 69.41 billion by the end of December 2023, an increase of 34.88 billion pounds

The Bank also acquired the second place on the list of the fastest-growing listed banks in net interest income during the first 9 months of 2024 after achieving growth of 81.96%, with an increase of 5.98 billion pounds to record 13.28 billion pounds, compared to 7.30 billion pounds during the same period from 2023

Abu Dhabi Islamic won second place on the list of "First Bank" the most efficient banks included in the return on shareholders' funds during the first 9 months of this year, with a return rate on the average equity of 52.09%, after achieving a net profit of 6.653 billion pounds in the first 9 months of 2024

It was also ranked second on the First Bank list of fastest growing banks in assets during the first 9 months of this year, with a growth rate after the neutralization of the exchange rate of 30.86%, after registering the size of its asset portfolio of 237.655 billion pounds by the end of September 2024

ADIB - Egypt has also been able to clinch second place on the list of fastest growing Bank's in customer loans after neutralizing the exchange rate during the first 9 months of this year, following the rise in the size of its portfolio at a rate of growth after the neutralization of the exchange rate of 30.50% during the first 9 months of this year, After registering the size of its portfolio of customer loans 95.694 billion pounds by the end of September 2024