FABMISR, HD Bank, and ABK - Egypt top the most efficient banks in return on shareholders’ equity during 2024

«First Bank»’s list of the most efficient banks in achieving a return on shareholders’ funds «rate of return on average equity» during 2024, revealed that First Abu Dhabi Bank topped «FABMISR», with a rate of return on average equity of 55.93%, thanks to achieving net profits of 26.350 billion pounds During 2024.

The list, which included 24 banks operating in the Egyptian banking sector for which the necessary financial data were available during the period under analysis, showed that all of them achieved positive rates of return on average equity, due to their success in achieving net profits at varying levels and none of them achieving losses during 2024.

The rate of return on average equity shows the ability of banks to invest owners’ equity in achieving appropriate levels of profits during the period under analysis, and the higher the return, the more this indicates the efficiency of banks in investing their shares to achieve appropriate levels of profit.

Returning to the list, the Housing and Development Bank took second place, with a rate of return on average equity of 55.75%, after achieving net profits of 11.040 billion pounds during 2024.

Al Ahli Bank of Kuwait-Egypt «ABK–Egypt» ranked third, with a rate of return on average equity of 52.56%, after achieving net profits of 6.643 billion pounds during 2024.

Suez Canal Bank won fourth place, with an average return on equity rate of 52.40%, due to its ability to achieve net profits worth 5.681 billion pounds during 2024.

Abu Dhabi Islamic Bank-Egypt «ADIB» came fifth, with a rate of return on average equity of 48.63%, after achieving net profits of 8.827 billion pounds during 2024.

Commercial International Bank «CIB» came sixth, after the rate of return on its average equity reached 45.81%, thanks to achieving net profits of about 55.428 billion pounds during 2024.

Credit Agricole Bank-Egypt came in seventh place, achieving a rate of return on average equity of 44.58%, while its net profits amounted to about 8.001 billion pounds during 2024.

Alex Bank took eighth place, after achieving a rate of return on average equity of 43.09%, while its net profits amounted to about 10.231 billion pounds during 2024.

The National Bank of Kuwait – Egypt ranked ninth, with the rate of return on its average equity reaching 39.22%, after its net profits amounted to 7.270 billion pounds during the past year.

As for tenth place, it went to Abu Dhabi Commercial Bank-Egypt «ADCB», with a rate of return on average equity of 37.70%, after achieving net profits of 4.272 billion pounds during 2024.

It is worth noting that all values used in calculating rates of return on average equity are in accordance with the independent financial statements announced for each bank at the end of 2024, and were weighted on an annual basis.