FABMISR tops Fastest growing banks in financial investments during 2024

First Abu Dhabi Bank – Egypt «FABMISR» strengthened its financial investments significantly over the past year, rising to 130.002 billion pounds by the end of 2024, compared to 74.307 billion pounds by the end of 2023, with a growth rate of 74.95% on an annual basis.

This strong performance prompted First Abu Dhabi Bank - Egypt to top the «First Bank» list of the fastest growing banks in total financial investments during 2024.

Overall, First Abu Dhabi Bank – Egypt «FABMISR» achieved strong performance over the past year, with its net profit jumping by about 152.76%, to record 26.350 billion pounds in 2024, compared to 10.425 billion pounds in 2023, for a total increase of 15.925 billion pounds.

Profit before income taxes increased to 36.349 billion pounds in 2024, compared to 14.959 billion pounds in 2023, a growth rate of 141.79%, and an increase of 21.21 billion pounds.

The asset portfolio rose by about 39.71% over the past year, reaching 412.707 billion pounds by the end of 2024, compared to 295.394 billion pounds by the end of 2023, a total increase of 117.313 billion pounds.

Its total customer loans increased to 148.898 billion pounds by the end of 2024, compared to 91.287 billion pounds by the end of 2023, a growth rate of 63.11%, and a total increase of 57.611 billion pounds.

The bank’s customer deposit portfolio increased by about 29.29% over the past year, reaching 258.79 billion pounds by the end of 2024, compared to 200.163 billion pounds by the end of 2023, a total increase of 58.627 billion pounds.

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