FABMISR, HD Bank, and ABK-Egypt: Top banks In return on Shareholders' Equity (ROE) during Q1-2024

First Bank List Of The Most Efficient Banks In Terms Of Return On Average Equity (ROE), Revealed That FABMISR Topped The List With A Rate Of 64.37% After The Bank Recorded A Net Profit Of EGP 21.3 Bn During 9M-2024.

The List Included 24 Banks Operating In The Egyptian Banking Sector, For Which Financial Data For Analysis Was Available. It Showed That All Banks Achieved Positive Rates In The Average Return On Equity, Indicating Their Success In Generating Profits At Varying Levels. None Of These Banks Incurred Losses During The Financial Period From January To September 2024.

ROE Reflects The Banks' Ability To Invest Shareholders' Rights To Achieve Suitable Profit Levels During The Analyzed Period. The Higher the Return, The More Efficient The Banks Are In Investing Their Shares To Achieve Appropriate Profit Levels.

HD Bank Secured The Second Position With A Return On Average Equity Of 60.06%, Having Earned A Net Profit Of EGP 8.270 Bn During the first 9M of 2024.

ABK-Egypt Claimed The Third Position With A Return On Average Equity Of 59.31%, Having Achieved A Net Profit Of EGP 5.355 Bn During The first 9M of the current year.

The Fourth Position Was Taken By ADIB With A Return On Equity Of 52.09%, After Earning A Net Profit Of EGP 6.653 Bn During The first 9M of the current year.

CIB Secured The Fifth Position With A ROE Of 49.83%, After Achieving A Net Profit Of EGP 42.557 Bn During The first 9 months of 2024.

ALEXBank Took Sixth Position With A Return On Average Equity Of 48%, Having Achieved A Net Profit Of EGP 8.175 Bn During 9M- 2024.

Credit Agricole Egypt Secured The Seventh Position With A Return On Average Equity Of 47.41%, After Recording A Net Profit Of EGP 6.060 Bn During The first 9M of the current year. 

Suez Canal Bank Secured The Eigth Position With ROE Of 43.89%, After Achieving A Net Profit Of EGP 3.122 Bn The first 9M of the current year.

ADCB Egypt Took Ninth Position With An Average Return On Equity Rate Of 41.34%, With Its Net Profit Reaching Approximately EGP 3.360 mn During 9M-2024.  

Ahli United Bank Took tenth Position With An Average Return On Equity Rate Of 40.89%, With Its Net Profit Reaching EGP 4.720 mn During 9M-2024.  

It's Worth Mentioning That All The Rates And Values Mentioned In The Analysis Are Based On Separate Financial Statements Announced By Each Bank At The End Of September 2024.