FABMISR tops most efficient banks in return on shareholders equity 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 achieving a return on shareholders’ funds «rate of return on average equity during 2024.

«First Abu Dhabi – Egypt» was able to jump the rate of return on average equity to 55.93% during 2024, compared to 36.65% during 2023, which reflects the strong and increasing ability of the bank to invest its owners’ rights in achieving record levels of net profits.

This strong performance is due to the large jump achieved by the bank in its profits, as the net profits of «FABMISR» increased by about 152.76%, recording 26.350 billion pounds during 2024, compared to 10.425 billion pounds during 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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