Faisal Bank, QNB Al Ahli, CIB And HD Bank, Top Listed Banks In Terms Of Capital Adequacy Ratio By Dec-22end

Faisal Islamic Bank of Egypt topped FirstBank list, with capital adequacy ratio(CAR) of 29.01% by the end of December 2022.

All the banks included in the list succeeded in exceeding CBE's limit for CAR of 12.5%, thanks to the local banks continuing to strengthen CARs, by the end of the fiscal period ending in 2022.

Capital Adequacy Ratio (CAR) is the ratio of a bank's capital in relation to its risk weighted assets and current liabilities. It is decided by central banks and bank regulators to prevent commercial banks from taking excess leverage and becoming insolvent in the process. It is also used to protect depositors and promote the stability and efficiency of financial systems around the world.

QNB Al Ahli occupied second place with CAR of 22.99% at the end of December 2022, followed by Commercial International Bank - Egypt in third place with 22.66% at the end of last year.

As for the fourth place, Housing and Development Bank recorded its CAR of 21.84% at the end of December 2022, followed by Credit Agricole Bank at 18.69% at the end of the same period.

EGBANK came in sixth place after recording its CAR of  18.39% by the end of December 2022, while alBaraka Bank - Egypt ranked seventh with 17.70% by the end of the same period.

saib ranked eighth with CAR of 17.52% by the end of December 2022, followed by E Bank in ninth place with 15.95% by the end of the past year.

Suez Canal Bank ranked tenth among the listed banks with CAR of 14.77%, followed by Abu Dhabi Islamic Bank - Egypt with 14.35% by the end of December 2022.

It should be noted that all data mentioned above analysis are according to separate financial statements announced for each bank at the end of December 2022.