saib, EGBANK, and Al Baraka Bank Top fastest-growing banks in net fees and commissions income during 9M-2024

First Bank List of Fastest-Growing Banks In Net Fees And Commissions Income During The First 6M Of This Year, Revealed That saib Topped The List With A Growth Rate Of 109.76%, After Registering EGP 797.825 Mn In 9M-2024, Compared To EGP 797.825 Mn In 9M-2023.

The "First Bank" List Monitored Net Fees And Commissions Income Of 24 Banks Operating In The Egyptian Banking Sector For Which The Financial Data Were Available For The Analysis Period. It Revealed That 22 Banks Achieved Positive Growth Rates In Their Net Fees And Commissions Income While 2 Banks declined During The Period From January To June 2024.

EGBANK Secured the second Position with A Growth Rate Of 101.51%, Achieving Net Fees And Commissions Income Of EGP 939.669 Mn During 9M-2024, Compared To EGP 466.313 Mn In 9M-2023.

As For the Third Place, Al Baraka Gained After Its Net Fees and Commissions Income Jumped At A Growth Rate Of 88.48%, Registering About EGP 606.697 mn During 9M- 2024, Compared To EGP 321.888 Mn During the same period of 2023.

In Fourth Place on The List Was Attijariwafa Bank With A Growth Rate Of 76.81%, After Its Net Fees And Commissions Income Rose To EGP 951.941 Mn During the first 9M of 2024, Compared To EGP 538.391 Mn During 9M- 2023.

ADCB Egypt Ranked Fifth with A Growth Rate Of 71.54%, After Net Fees And Commissions Income Reached EGP 805.880 Mn During the first 9 months of 2024, Compared To EGP 469.797 Mn During 9M- 2023.

Alex Bank Ranked Sixth With A Growth Rate Of 67.71%, Recording Net Fees And Commissions Income Of EGP 1.571 bn During the first 9M of 2024, Compared To EGP 937.31 Mn During 9M-2023.

Banque Misr Ranked Seventh With A Growth Rate Of 59.74%, Recording Net Fees And Commissions Income Of EGP 16.675 Bn During the first 9M of 2024, Compared To EGP 10.439 bn During 9M- 2023,

Emirates NBD-Egypt Ranked Eighth With A Growth Rate Of 56.12%, Recording Net Fees And Commissions Income Of EGP 1.289 bn During the first 9M of 2024, Compared To EGP 825851 Mn During 9M-2023.

As For The Ninth Position, It Was Secured By AAIB, With A Growth Rate Of 55.98%, Recording EGP 3.432 bn In Net Fees And Commissions Income During The First 9M Of 2024, Compared To EGP 2.200 bn In The First 9M Of 2023.

Regarding The Tenth Position, It Was Secured By Banque du Caire, With A Growth Rate Of 51.13%, Recording EGP 4.194 bn In Net Fees And Commissions Income During The First 9M Of 2024, Compared To EGP 2.775 bn In The First 9M Of 2023.

It's Worth Noting That All the Figures and Growth Rates Mentioned In The Analysis Above Are Based On Separate Financial Statements Announced By Each Bank By The End Of June 2024.