Faisal Islamic Bank, FABMisr, and SC BankTop Fastest-growing banks in Net profits during 2024
First Bank
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.
Growth of banks operating in the Egyptian banking sector's net profits in 2024
| # | Bank Name | Net profit in 2024 | Net profits in 2023 | growth rate |
|---|---|---|---|---|
| 1 |
Faisal Islamic Bank of Egypt |
11.739 billion pounds | 4.057 billion pounds | 189.37 % |
| 2 |
First Abu Dhabi Bank Egypt-FAB |
26.35 billion pounds | 10.425 billion pounds | 152.76 % |
| 3 |
Suez Canal Bank |
5.681 billion pounds | 2.293 billion pounds | 147.73 % |
| 4 |
Al Ahli Bank of Kuwait Egypt -ABK Egypt |
6.643 billion pounds | 2.803 billion pounds | 137.02 % |
| 5 |
Abu Dhabi Commercial Bank Egypt- ADCB |
4.272 billion pounds | 2.047 billion pounds | 108.66 % |
| 6 |
Bank of Alexandria-Alex Bank |
10.231 billion pounds | 5.006 billion pounds | 104.35 % |
| 7 |
Abu Dhabi Islamic Bank-ADIB Egypt |
8.827 billion pounds | 4.491 billion pounds | 96.57 % |
| 8 |
arab african international bank |
13.616 billion pounds | 7.016 billion pounds | 94 % |
| 9 |
Commercial International Bank-CIB |
55.428 billion pounds | 28.768 billion pounds | 92.67 % |
| 10 |
Banque Du Caire-BDC |
12.37 billion pounds | 6.661 billion pounds | 85.7 % |
| 11 |
Attijariwafa Bank Egypt |
3.684 billion pounds | 2.005 billion pounds | 83.71 % |
| 12 |
Housing and Development Bank-HDB |
11.04 billion pounds | 6.031 billion pounds | 83.05 % |
| 13 |
SAIB BANK |
1.745 billion pounds | 962.504 million pounds | 81.29 % |
| 14 |
NBK Egypt |
7.27 billion pounds | 4.021 billion pounds | 80.8 % |
| 15 |
EGBANK |
2.55 billion pounds | 1.414 billion pounds | 80.43 % |
| 16 |
Export Development Bank of Egypt-EBank |
5.177 billion pounds | 3.12 billion pounds | 65.91 % |
| 17 |
Al Ahli united bank Egypt |
5.468 billion pounds | 3.311 billion pounds | 65.11 % |
| 18 |
Emirates NBD Egypt |
5.305 billion pounds | 3.235 billion pounds | 64 % |
| 19 |
Qatar National Bank-QNB  |
25.806 billion pounds | 15.77 billion pounds | 63.64 % |
| 20 |
The United Bank |
2.731 billion pounds | 1.702 billion pounds | 60.45 % |
| 21 |
Arab Banking Corporation- ABC |
2.065 billion pounds | 1.306 billion pounds | 58.19 % |
| 22 |
Credit Agricole Egypt |
8.001 billion pounds | 5.142 billion pounds | 55.59 % |
| 23 |
BANK NXT |
1.77 billion pounds | 1.15 billion pounds | 53.9 % |
| 24 |
alBaraka Bank Egypt |
3.012 billion pounds | 2.224 billion pounds | 35.42 % |
