Faisal Bank leads Egyptian banks in capital adequacy ratio during 2022
Faisal Islamic Bank of Egypt topped First Bank list in capital adequacy ratio, at a rate of 29.01%, maintaining its lead over the banks on this index.
Financial leverage ratio recorded 11.34% at the end of 2022 exceeding the regulatory limits set by the Central Bank of Egypt which are consistent with Basel Accord of 3%, reflects the bank's ability to control the minimum credit risk resulting from each of loans and facilities to customer portfolio.
Furthermore, loans to deposits ratio recorded a rate of 11.77% at the end of 2022, compared to banking sector average of 47.9%, during the same period,to be the lowest in the banking sector as a whole.
In addition, Assets Coverage to deposits recorded 122.66% at the end of 2022, after its asset portfolio recorded EGP 151.637 bn, while deposit portfolio reached EGP 123.626 bn by the end of the same period.
