Banky reviewed the results of banks listed on the Egyptian Exchange for the first 3 months of 2026 and found that Commercial International Bank (CIB) Egypt held 64% of their total credit card portfolio, which stood at EGP 30.6 billion at the end of March 2026.

CIB topped the list of the largest credit card issuers among listed banks at the end of the first 3 months of 2026. Its portfolio grew by EGP 1.35 billion during the first quarter of 2026 to EGP 19.588 billion at the end of March 2026, up from EGP 18.234 billion at the end of December 2025, growth of 7.4%.

The standalone financial statements of banks listed on the Egyptian Exchange showed strong credit card growth in the first quarter of 2026. Total credit card balances rose by EGP 1.9 billion to EGP 30.588 billion at the end of March 2026, compared with EGP 28.639 billion at the end of December 2025, growth of 6.8%.

Banky's view:

CIB's dominance of 64% of the total credit card portfolio of banks listed on the Egyptian Exchange at the end of the first quarter of 2026 reflects its strong position in the Egyptian banking market and its ability to keep expanding its retail banking and consumer credit services.

The bank's hold on nearly two-thirds of the listed market is driven by a broad customer base and a diverse range of credit card programs, along with expanded financing offers and installment services that make its products more attractive to customers.

The 7.4% growth in the bank's credit card portfolio during the first quarter, outpacing the sector's 6.8%, also reflects the success of its strategy to increase card usage and promote greater reliance on electronic payments. This supports revenue growth from non-traditional activities and strengthens the bank's profitability in the coming periods.