Faisal Islamic Bank, FABMisr, and SC BankTop Fastest-growing banks in Net profits during 2024

First Bank Released A List Of The Fastest-Growing Banks In Terms Of Net Profits During 2024. The List Revealed that FABMisr topped the List, Achieving A Growth Rate Of 189.37% In Its Net Profits, Reaching EGP11.739 bn During 2024, Compared To EGP 4.057 bn During 2023.

The List, Which Included 24 Banks in The Egyptian Banking Sector, Analyzed Financial Data Provided By These Banks For The Period.

It Showed That All the Banks Achieved Positive Growth Rates In Their Net Profits From January To September 2024.

FABMisr Secured The Second Position After Achieving A Growth Rate Of 152.76% In Its Net Profits, Reaching EGP 26.350 bn During 2024, Compared To EGP 10.425 bn During 2023.

  Suez Canal Bank Claimed The Third Position On The List, With Its Net Profits Jumping By A Growth Rate Of 147.73%, Reaching EGP 5.681 Bn During 2024, Compared To EGP 2.293 bn During 2023.

  Al Ahli Bank of Kuwait - Egypt Secured The Fourth Position, With A Growth Rate Of 137.02%, Recording Net Profits Of EGP 6.643 Bn During 2024, Compared To EGP 2.803 Bn During 2023. 

ADCB Claimed The Fifth Position With A Growth Rate Of 108.66%, Recording Net Profits Of EGP 4.272 bn During 2024, Compared To EGP 2.047 bn During 2023.

  Alex Bank Achieved the Sixth Position With A Growth Rate Of 104.35%, recording Net Profits Of EGP 10.231  bn during 2024, Compared To EGP 5.006 bn During 2023.

ADIB Secured The Seventh Position, With A Growth Rate Of 96.57%, Recording Net Profits Of EGP 8.827 bn During 2024, Compared To EGP 4.491 bn During 2023.

  AAIB Ranked Eigth With A Growth Rate Of 94%, Recording Net Profits Of EGP 13.616 Bn During 2024, Compared To EGP 7.016 bn During 2023. 

  CIB Came Ninth, With A Growth Rate Of 92.67%, After Achieving Net Profits Of EGP 55.428 bn During 2024, Compared To EGP 28.768 bn During 2023.

Banque du Caire Came tenth, With A Growth Rate Of 85.70%, After Achieving Net Profits Of EGP 12.370 bn During 2024, Compared To EGP 6.661 bn During 2023.

It Is Worth Noting That All The Mentioned Values And Growth Rates Are Based On the Announced Financial Statements Of Each Bank At The End Of 2024.