Bank ABC, FABMISR, Emirates NBD and SC Bank top fastest growing private sector banks in net profits in last 3 years

First Bank

5/26/2025 5:06:57 PM

First Bank’s list of the fastest growing private sector banks in net profits in the last 3 years revealed that the Arab Banking Corporation Bank topped – Egypt «ABC», with an average growth of 670.15%, as the bank achieved net profits of 2.065 billion pounds in 2024, compared to 1.306 billion pounds in 2023, and 62.175 million pounds in 2023.

This list monitored the net profits of 20 private banks operating in the Egyptian banking system for which financial data were available for the last 3 years, specifically for the years 2024, 2023 and 2022, and showed that all the banks monitored achieved positive growth rates in their net profits, and it is worth noting that Bank ABC and FABMISR completed acquisitions during this period, which affected the average growth rates of the two banks

Returning to the list, First Abu Dhabi Bank – Egypt «FABMISR» snatched second place with an average growth of 203.6%, as the bank achieved net profits of 26.35 billion pounds in 2024, compared to 10.43 billion pounds in 2023, and 3.93 billion pounds in 2022.

Emirates NBD Bank – Egypt «Emirates NBD» took third place with an average growth of 118.2% over 3 years, as its net profits amounted to 5.31 billion pounds during 2024, compared to 3.24 billion pounds in 2023, and 1.18 billion pounds in 2022.

Suez Canal Bank came in fourth place, with an average growth of 113.4% over 3 years, as the bank’s net profits amounted to 5.68 billion pounds in 2024, compared to 2.29 billion pounds in 2023, and 1.04 billion pounds in 2022.

Bank NXT won fifth place, after the average growth in its net profits reached 111% in the last 3 years, as it recorded net profits of 1.77 billion pounds during 2024, compared to 1.15 billion pounds during 2023, and 525.61 million pounds in 2022.

Al Ahli Bank of Kuwait – Egypt «ABK – Egypt» came sixth, with an average growth of 101.8% over 3 years, achieving a net profit of 6.64 billion pounds during 2024, compared to 2.80 billion pounds during 2023, and 1.68 billion pounds during 2022.

Net profits growth of private sector banks operating in the Egyptian banking sector in the last 3 years

#	Bank Name	Net profit in 2024	Net profits in 2023	Net profits during 2022	Average growth over 3 years (%)
1	Arab Banking Corporation- ABC	2.065 billion pounds	1.306 billion pounds	62.175 million pounds	670.15 %
2	First Abu Dhabi Bank Egypt-FAB	26.35 billion pounds	10.425 billion pounds	3.929 billion pounds	203.61 %
3	Emirates NBD Egypt	5.305 billion pounds	3.235 billion pounds	1.181 billion pounds	118.24 %
4	Suez Canal Bank	5.681 billion pounds	2.293 billion pounds	1.04 billion pounds	113.41 %
5	BANK NXT	1.77 billion pounds	1.15 billion pounds	525.612 million pounds	111.03 %
6	Al Ahli Bank of Kuwait Egypt -ABK Egypt	6.643 billion pounds	2.803 billion pounds	1.682 billion pounds	101.82 %
7	Attijariwafa Bank Egypt	3.684 billion pounds	2.005 billion pounds	1.038 billion pounds	89.2 %
8	Abu Dhabi Islamic Bank-ADIB Egypt	8.827 billion pounds	4.491 billion pounds	2.126 billion pounds	87.29 %
9	arab african international bank	13.616 billion pounds	7.016 billion pounds	3.546 billion pounds	85.51 %
10	Abu Dhabi Commercial Bank Egypt- ADCB	4.272 billion pounds	2.047 billion pounds	1.065 billion pounds	83.61 %
11	SAIB BANK	1.745 billion pounds	962.504 million pounds	746.776 million pounds	82.64 %
12	Faisal Islamic Bank of Egypt	11.739 billion pounds	4.057 billion pounds	4.475 billion pounds	82.27 %
13	NBK Egypt	7.27 billion pounds	4.021 billion pounds	1.826 billion pounds	75.97 %
14	Credit Agricole Egypt	8.001 billion pounds	5.142 billion pounds	2.419 billion pounds	73.36 %
15	Al Ahli united bank Egypt	5.468 billion pounds	3.311 billion pounds	2.007 billion pounds	68.06 %
16	Commercial International Bank-CIB	55.428 billion pounds	28.768 billion pounds	16.13 billion pounds	63.74 %
17	Bank of Alexandria-Alex Bank	10.231 billion pounds	5.006 billion pounds	2.849 billion pounds	61.22 %
18	EGBANK	2.55 billion pounds	1.414 billion pounds	855.526 million pounds	56.21 %
19	Qatar National Bank-QNB	25.806 billion pounds	15.77 billion pounds	10.124 billion pounds	51.75 %
20	alBaraka Bank Egypt	3.012 billion pounds	2.224 billion pounds	1.755 billion pounds	39.04 %