FABMISR - Egypt tops best banks in asset coverage ratio for deposits

First Abu Dhabi Bank - Egypt «FABMISR» topped First Bank’s list of the best banks in asset coverage rate for deposits by the end of 2024, with a coverage rate of 159.5%

This came after the bank's total assets recorded about 412.71 billion pounds, while total deposits reached 258.79 billion pounds by the end of 2024.

It is worth noting that First Abu Dhabi Bank - Egypt «FABMISR» announced the results of the first quarter of this year, which revealed that it achieved net profits worth 3.9 billion pounds during the first quarter of 2025, compared to 9.9 billion pounds during the same period in 2024.

The bank's net income from return amounted to 7.3 billion pounds during the first quarter of 2025, recording a growth of 20% compared to the same period in 2024, in a clear indication of the strength of its financial position and the effectiveness of its operational strategies. 

Net loans and credit facilities recorded 153.4 billion pounds at the end of March 2025, a growth of 8% compared to the end of 2024, while customer deposits rose to 288.9 billion pounds, an increase of 12%.

The bank's total assets also increased by 12%, reaching 461.9 billion pounds by the end of March 2025, compared to the end of 2024, while equity amounted to 63.4 billion pounds, achieving a growth of 5%.

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