TOP -5 banks acquire 59.6% of banking sector total assets

Five banks acquired 59.6% of the total assets’ size of the Egyptian banking sector, in which 40 banks operate, according to the Central Bank of Egypt (CBE).

In its quarterly report, the CBE stated that banks operating in the local market held EGP 2.485tn in total assets as of the end of December, of which approximately EGP 1.481tn assets were held by the largest five banks operating in the market.

The report added that the largest 10 banks operating in Egypt hold approximately 72.358% of the total assets in the banking sector, an asset volume of about EGP 1.798tn.

According to Daily News Egypt, the list of the top five banks in terms of assets’ size includes the National Bank of Egypt, Banque Misr, the Commercial International Bank, Qatar National Bank Al-Ahli, and the Banque Du Caire.

 

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