National Bank Egypt the fastest growing : Business News index

Business News for Press, Publishing and Distribution Company, announced its fifth annual edition of the banking sector performance index, which was expanded this year to include the quality of capital and the capability to increase the market share.

Commercial International Bank (CIB) was ranked the best bank in Egypt in terms of the market value for 2015, after being on top of the Business News index, followed by the Union National Bank (UNB) Egypt, and Emirates NBD.

In a press release after launching its annual index for 2015, Business News stated that the indexes reflect a strong growth for the banking sector in Egypt for the past year as well as attempts of senior market players to boost their capitalist regulations and fierce competition on the market shares.

As per Business News, there has been great development in the interest of banks to be more open, including the government-owned banks which still need to be more open, reflecting a greater number of banks covered by the indexes. There also have been positive developments in spending on technological banking, modernising the systems, and increasing the communication channels with customers, which can be explained within their interest to raise the number of customers in the coming period.