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Egyptians withdraw EGP 31.5bn from bank ATMs during Eid al-Adha - Daily News Egypt

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Egyptians withdraw EGP 31.5bn from bank ATMs during Eid al-Adha

EGP 22.29bn were withdrawn within 5 days before Eid holiday, EGP 9.15bn in 4 days afterwards

The Egyptians withdrew about EGP 31.5bn during the Eid al-Adha holiday – which fell on 11 August – from bank ATMs across the country through 17.6m transactions, banking statistics revealed.

Before Eid al-Adha, from 3 to 8 August, Egyptians withdrew about EGP 22.29bn through 12.2m transactions, including salaries of government employees. From 9 to 13 August, about EGP 9.15bn were withdrawn through 5.39m transactions, the Middle East News Agency (MENA) reported.

The statistics showed that the National Bank of Egypt (NBE) topped the list of banks that witnessed high cash withdrawals through ATMs during the period from 3 to 13 August, by EGP 12bn through 6.5m transactions, followed by Banque Misr by EGP 8bn through 4.7m transactions.

Commercial International Bank came third by EGP 2.2bn through 1.01m transactions, followed by Banque du Caire in fourth by EGP 1.47bn through 1.09m operations, then QNB Alahli in fifth place by EGP 1.69bn through 739,000 transactions.

AlexBank came in the sixth place by EGP 1.06bn, HSBC was seventh by EGP 720m, Arab African International Bank was ranked sixth by EGP 603m, while Housing and Development Bank was ninth by EGP 438m, and Faisal Islamic Bank by EGP 433.2m.

Emirates NBD ranked 11th by EGP 393.2m, Crédit Agricole in 12th by EGP 266.7m, the United Bank by EGP 216.3m, National Bank of Kuwait by EGP 190m, and Arab Bank in 15th place by EGP 178.3m.

Bank Audi came in 16th place by EGP 170.7m, then Abu Dhabi Islamic Bank ranked 17th by EGP 126m, Attijariwafa Bank ranked 18th by EGP 125.2m, and Al Ahli Bank of Kuwait ranked 19th by EGP 123.6m, and Union National Bank ranked 20th by EGP 117.5m.

EG Bank ranked 21st by EGP 103.8m, followed by BLOM Bank by EGP 88.1m, then Ahli United Bank by EGP 64.09m, SAIB Bank by EGP 52.2m, Suez Canal Bank by EGP 51.8m, and Arab International Bank by EGP 35.1m, then Arab Banking Corporation by EGP 33.2m.

The list also includes the Egyptian Export Development Bank by EGP 30.1m, the Egyptian Arab Real Estate Bank by EGP 29.7m, the Arab Investment Bank by EGP 22.8m, the Agricultural Bank of Egypt by EGP 14.05m, then the First Abu Dhabi Bank by EGP 13.7m, National Bank of Greece by EGP 8.4m, Mashreq Bank by EGP 4.9m, and finally Misr Iran Development Bank by EGP 3.4m. Al Baraka, Citibank, and Industrial Development banks did not record any withdrawals during Eid Al-Adha.

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