FABMISR, ABC, and Emirates NBD: Fastest-Growing Foreign Banks in Net Profits in Q1 2025
According to the First Bank list of the fastest-growing foreign banks in net profits during the first quarter of the current year, First Abu Dhabi Bank Egypt (FABMISR) topped the list with a remarkable growth rate of 2,533.82%, achieving a net profit of EGP 26.35 billion in December 2024, compared to EGP 1 billion during the same period in 2021
The list, which included 14 foreign banks operating in Egypt, revealed positive growth rates in net profits across all banks during the same period
Arab Banking Corporation Bank (ABC) secured the second position, with its net profits rising by 1,641.89% to reach EGP 2.07 billion in December 2024, compared to EGP 118.57 million in the same period of 2021
The third position went to Emirates NBD Bank, achieving a growth rate of 873.94% 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 a growth rate of 697.09%, 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 576.81% 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 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 2021-end | growth rate |
|---|---|---|---|---|
| 1 |
First Abu Dhabi Bank Egypt-FAB |
26.35 bn | 1 bn | 2533.82 % |
| 2 |
Arab Banking Corporation- ABC |
2.07 bn | 0.12 bn | 1641.89 % |
| 3 |
Emirates NBD Egypt |
5.31 bn | 0.54 bn | 873.94 % |
| 4 |
Al Ahli Bank of Kuwait Egypt -ABK Egypt |
6.64 bn | 0.83 bn | 697.09 % |
| 5 |
Attijariwafa Bank Egypt |
3.68 bn | 0.54 bn | 576.81 % |
| 6 |
Abu Dhabi Islamic Bank-ADIB Egypt |
8.83 bn | 1.38 bn | 539.67 % |
| 7 |
HSBC |
20.95 bn | 3.4 bn | 516.18 % |
| 8 |
Abu Dhabi Commercial Bank Egypt- ADCB |
4.27 bn | 0.71 bn | 501.43 % |
| 9 |
NBK Egypt |
7.27 bn | 1.44 bn | 405.21 % |
| 10 |
Credit Agricole Egypt |
8 bn | 1.59 bn | 402.43 % |
| 11 |
Al Ahli united bank Egypt |
5.47 bn | 1.15 bn | 374.18 % |
| 12 |
Bank of Alexandria-Alex Bank |
10.23 bn | 2.75 bn | 272.02 % |
| 13 |
Qatar National Bank-QNB  |
25.81 bn | 7.45 bn | 246.3 % |
| 14 |
alBaraka Bank Egypt |
3.01 bn | 1.13 bn | 165.98 % |
