Al Baraka tops fastest-growing listed banks on First Bank Resource Employment Index by March 2025-End

The independent financial statements of Al Baraka Bank Egypt revealed that the bank’s resource utilization rate increased to 86.41% at the end of March 2025, compared to 85.71% at the end of 2024, which reflects its relatively expansionary policy towards employing its resources.

This strong performance prompted Al Baraka Bank to top the «First Bank» index of the best banks listed on the Egyptian Stock Exchange in terms of resource utilization rate by the end of March 2025.

This is due to its ability to employ 108.06 billion pounds of its traditional resources, which recorded 125.05 billion pounds by the end of March 2025 in both financing and financial investments, amounting to 43.18 billion pounds for financial investments, and 64.88 billion pounds for total customer financing.

While it invested 102.11 billion pounds from its traditional resources, which recorded 119.13 billion pounds by the end of 2024 in both financing and financial investments, amounting to 41.51 billion pounds for financial investments, and 60.60 billion pounds for total customer financing.

In terms of Al Baraka Bank Egypt’s traditional resources at the end of March 2025, which amounted to 125.05 billion pounds, they were distributed as follows: 112.56 billion, the size of the deposit portfolio, while the bank’s equity recorded 12.49 billion pounds.

It is worth noting that Al Baraka Bank announced its business results for the first quarter of this year, which revealed a growth in its net profits at a rate of 72.78% and an increase of 404 million pounds, after recording 959 million pounds during the first 3 months of 2025, compared to 555 million pounds during the same period.From 2024.

The bank's profits before taxes increased at a growth rate of 49.69% and an increase of 447.1 million pounds during the first quarter of 2025, recording 1.365 billion pounds, compared to 918.2 million pounds during the first quarter of 2024.

In terms of the bank’s financial position, its total assets increased at a growth rate of 5.10% and an increase of 6.5 billion pounds during the first quarter of this year, reaching 134.3 billion pounds by the end of March 2025, compared to 127.8 billion pounds by the end of 2024.

The customer deposit portfolio jumped at a growth rate of 5.62% during the first quarter of this year, recording 112.6 billion pounds by the end of March 2025, compared to 106.6 billion pounds by the end of 2024.