Credit Agricole, CIB, ABK-Egypt And HDBank, Are Most Efficient In Investing Assets

First Bank list of Return on average assets-ROA during the first 9 months of last year revealed that Credit Agricole Bank – Egypt topped the list with ROA of 2.52%, after recording net profits of 1.604 billion pounds during the same period.

ROA measures how efficient banks are in investing their assets in order to achieve net profits to achieve better levels of profitability.

CIB took the second place, after achieving ROAA of 2.25% during the first 9 months of last year, its net profits reached 12.205 billion pounds during the same period.

As for the third place, ABK-Egypt, which achieved ROA of 2.06% during the first 9 months of 2022, its net profits exceeding, for the first time, one billion pounds , to record 1.262 billion pounds during the same period last year.

The Housing and Development Bank ranked fourth, after recording ROA of 1.96% during the first 9 months of last year, its net profit reached 1.752 billion pounds, followed by Ahli United Bank with 1.93% during the same period in 2022.

QNB AlAhli came in sixth place with ROA of 1.75% during the first 9 months of last year, while Alex Bank  came in seventh place with  1.72% during the same period.

Faisal Islamic Bank of Egypt came in eighth place with  ROA of 1.68% during the first 9 months of 2022, followed by Abu Dhabi Islamic Bank - Egypt with 1.60% during the period from January to September 2022.

Came tenth, Al Baraka Bank-Egypt, with  1.50% during the first 9 months of last year, followed by the SCBank and ADCB – Egypt with rates of 1.18% and 1.16%, respectively, during the same period. period last year.

The following list reveals ROA of the banks during the first 9 months of 2022. It should also be noted that all values ​​included in the analysis are according to separated financial statements announced for each bank .