The growth of total deposits in 11 banks listed on the local stock exchange slowed in the first half of this year, marking its lowest rate since the flotation of the pound in 2024.
According to the data, total deposits in the banks surveyed by “Bloomberg Asharq” rose by only 6.2 percent during the period between January and June to nearly 3 trillion pounds ($75 billion), compared to a growth rate of 24.4 percent a year earlier, alongside rising lending.
The survey included Commercial International Bank, Qatar National Bank, Housing and Development Bank, Egyptian Gulf Bank, Abu Dhabi Islamic Bank, Suez Canal Bank, Crédit Agricole, Export Development Bank of Egypt, United Bank, Faisal Islamic Bank, and Al Baraka Bank.
