FABMISR tops banks in return on average assets during 2024

First Abu Dhabi Bank – Egypt «FABMISR» achieved strong performance over the past year, pushing it to top «First Bank»’s list of the most efficient banks in investing their assets «rate of return on average assets» during 2024.

The rate of return on average assets at «FABMISR» increased to 7.44% during 2024, compared to 4.15% during 2023, which reflects the extent of its efficiency in investing its assets with the aim of achieving net profits.

The bank's net profits increased by about 152.76%, recording 26.350 billion pounds in 2024, compared to 10.425 billion pounds in 2023, a total increase of 15.925 billion pounds.

This enhanced the profitability of its core share, as the share per share in the bank’s profits during 2024 jumped to 266.32 pounds per share, compared to 105.36 pounds during 2023, with a growth rate of 152.77%, and a total increase of 160.96 pounds per share.

Overall, FAB – Egypt «FABMISR» delivered strong performance over the past year, with its portfolio of assets jumping by around 39.71%, reaching 412.707 billion pounds by the end of 2024, compared to 295.394 billion pounds by the end of 2023, for 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, with a growth rate of 63.11%, and a total increase of 57.611 billion pounds.

The 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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