FABMISR, ABC, and Emirates NBD: Fastest-Growing Foreign Banks in Net Profits in last 3 years
According to the First Bank list of the fastest-growing foreign banks in net profits during the last 3 years, Arab Banking Corporation Bank (ABC) topped the list with a remarkable Average growth rates of 670.15% to reach EGP 2.07 billion in December 2024, compared to EGP 118.57 million in the same period of 2021
The list, which included 13 foreign banks operating in Egypt, revealed positive growth rates in net profits across all banks during the same period
First Abu Dhabi Bank Egypt (FABMISR) secured the second position, with its net profits rising by 203.61% achieving a net profit of EGP 26.35 billion in December 2024, compared to EGP 1 billion during the same period in 2021
The third position went to Emirates NBD Bank, achieving an Average growth ratesof 118.24% and recording EGP 5.31 billion in net profits in December 2024, compared to EGP 544.73 million in December 2021
Al Ahli Bank of Kuwait – Egypt (ABK) claimed the fourth position, with an Average growth rates of 101.82%, attaining a net profit of EGP 6.64 billion in December 2024, compared to EGP 833.45 million in December 2021
Attijariwafa Bank – Egypt secured the fifth position, with a 89.20% increase in net profits, reaching EGP 3.68 billion in December 2024, compared to EGP 544.34 million in December 2021
It’s worth noting that all values and average growth rates mentioned in the analysis are based on the separate, officially declared financial statements of each bank by the end of December 2024
fastest foreign banks in terms of net profit in 3 years
| # | Bank Name | net profit by 2024-end | net profit by 2023-end | net profit by 2022-end | Average growth rate |
|---|---|---|---|---|---|
| 1 |
Arab Banking Corporation- ABC |
2.07 bn | 1.31 bn | 0.06 bn | 670.15 % |
| 2 |
First Abu Dhabi Bank Egypt-FAB |
26.35 bn | 10.42 bn | 3.93 bn | 72.82 % |
| 3 |
Emirates NBD Egypt |
5.31 bn | 3.23 bn | 1.18 bn | 118.24 % |
| 4 |
Al Ahli Bank of Kuwait Egypt -ABK Egypt |
6.64 bn | 2.8 bn | 1.68 bn | 101.82 % |
| 5 |
Attijariwafa Bank Egypt |
3.68 bn | 2.01 bn | 1.04 bn | 89.2 % |
| 6 |
Abu Dhabi Islamic Bank-ADIB Egypt |
8.83 bn | 4.49 bn | 2.13 bn | 87.29 % |
| 7 |
HSBC |
20.95 bn | 12.28 bn | 5.49 bn | 85.26 % |
| 8 |
Abu Dhabi Commercial Bank Egypt- ADCB |
4.27 bn | 2.05 bn | 1.07 bn | 83.61 % |
| 9 |
NBK Egypt |
7.27 bn | 4.02 bn | 1.83 bn | 75.97 % |
| 10 |
Credit Agricole Egypt |
8 bn | 5.14 bn | 2.42 bn | 73.36 % |
| 11 |
Al Ahli united bank Egypt |
5.47 bn | 3.31 bn | 2.01 bn | 68.06 % |
| 12 |
Qatar National Bank-QNB  |
25.81 bn | 15.77 bn | 10.12 bn | 51.75 % |
| 13 |
alBaraka Bank Egypt |
3.01 bn | 2.22 bn | 1.76 bn | 39.04 % |
