FABMISR, ADCB and HD Bank top the fastest growing banks in net interest income during 2024

First Bank’s list of the fastest growing banks in net interest income  during 2024 revealed that First Abu Dhabi Bank topped – Egypt «FABMISR», as its net interest income jumped by about 100.35% during the past year, recording 31.99 billion pounds during 2024, compared to 15.97 billion pounds during 2023.

The list, which included 24 banks operating in the Egyptian banking sector, showed that all banks under analysis achieved positive growth rates in their net income from revenue during 2024.

Returning to the list, Abu Dhabi Commercial Bank – Egypt «ADCB» took second place, after net interest income jumped by about 88.92% during the past year, reaching 8.645 billion pounds during 2024, compared to 4.576 billion pounds during 2023.

Housing and Development Bank occupied third place, as its net interest income jumped by about 81.02% over the past year, recording 18.922 billion pounds during 2024, compared to 10.453 billion pounds during 2023.

Commercial International Bank – Egypt «CIB» won fourth place, after its net interest income increased by about 72.17% over the past year, reaching 90.816 billion pounds in 2024, compared to 52.747 billion pounds in 2023.

Suez Canal Bank ranked fifth, after its net interest income increased by about 70.85% over the past year, reaching 5.541 billion pounds in 2024, compared to 3.243 billion pounds in 2023.

Abu Dhabi Islamic Bank – Egypt «ADIB» snatched sixth place, as its net interest income increased by about 70.51% during 2024, recording 14.981 billion pounds during the past year, compared to 8.786 billion pounds during 2023.

Arab African International Bank came in seventh place, thanks to an increase in its net interest income by about 69% over the past year, recording 26.279 billion pounds in 2024, compared to 15,588 billion pounds in 2023.

Egyptian Gulf Bank «EGBANK» took eighth place, after its net interest income jumped by about 66.71% during 2024, reaching 6.083 billion pounds during the past year, compared to 3.649 billion pounds during 2023.

National Bank of Kuwait – Egypt dominated ninth place, as its net interest income increased by about 65.96% over the past year, reaching 11.598 billion pounds in 2024, compared to 6.988 billion pounds in 2023.

Faisal Islamic Bank of Egypt came tenth, thanks to an increase in its net interest income by about 63.46% over the past year, reaching 11.598 billion pounds in 2024, compared to 6.988 billion pounds in 2023.

It is worth noting that all values and growth rates mentioned in the above analysis are according to the separate financial statements announced for each bank during the year 2024