ABK Egypt, ADIB Egypt, Credit Agricole bank, and alBaraka bank, top banks in terms of ROE during 2022

First Bank list of the most efficient Egyptian banks in investing shareholders’ money, Return on Average Equity (ROE) during 2022, revealed that Al Ahli Bank of Kuwait – Egypt topped the list, with ROE of 30.55%, after its net profit jumped to EGP1,681 bn in 2022, continuing its strong performance in the Egyptian banking market.

The list revealed that 14 Egyptian banks exceeded ROE set by the Central Bank of Egypt, which amounted to 16.1% in December 2022, according to the latest data issued on the bank’s website.

Return on Average Equity shows the ability of banks to invest shareholders' Equity in achieving appropriate levels of profits during the period under analysis, the higher the return, the more this indicates the banks' efficiency in investing their shares to achieve appropriate profit levels.

Abu Dhabi Islamic Bank - Egypt ranked second, achieving ROE of 28.18%, it was able to achieve a net profit of EGP 2.125 bn in 2022.

Followed by Credit Agricole Bank - Egypt, in third place, after it achieved ROE reached 26.02% during the same period, while alBaraka Bank took fourth place with ROE of 25.83% last year, after the bank achieved net profits of 25.83% during the same period.

Commercial International Bank came in fifth place, after achieving ROE of 23.61% from January to December 2022, while Housing and Development Bank ranked sixth with 23.06% during the same period.

Faisal Islamic Bank ranked seventh, after achieving ROE of 22.95%, followed by Suez Canal Bank in eighth place, with 21.01% during 2022.

It should be noted that all rates and values ​​mentioned in the analysis are according to separate financial statements announced for each bank during 2022.