Alex Bank, Faisal Bank, QNB Al Ahli, Credit Agricole Bank and CIB Top banks in Capital Adequacy Ratio by March-2023end

First Bank List Of Top Banks In Capital Adequacy Ratio (CAR) By The End Of The First Quarter Of The Current Year Revealed That Alex Bank Topped The List With A Capital Adequacy Ratio Of 24.57% By March 2023end.

The list included 18 banks operating in the Egyptian banking sector, for which financial statements, Showed 8 of Banks succeeded in achieving a capital adequacy rate above the prevailing average in the banking sector Adequacy Ratio (CAR) Exceeding The Prevailing Sector Average Of 17% By The EndOf March 2023, As RevealedIn The Latest Statistical Bulletin Issued By The Central Bank Of Egypt.

All Banks Managed To Exceed The Minimum Threshold Set By The Central Bank For The Capital Adequacy Ratio, Which Is 12.5%. This Came After Local Banks Continued To Strengthen Their Capital Adequacy Ratios By The End Of The Financial Period Ending In Q1-2023, As Part Of Their Ongoing Efforts To Implement The Best International Practices And Basel Requirements.

CAR Reflects The Ratio Of A Bank's Capital Components To Its Risk-Weighted Assets, Indicating The Relationship Between The Bank's Capital Source And The Risks Associated With Its Assets And Other Operations. It Serves As A Measure Of The Bank's Solvency, Its Ability To Meet Its Obligations And Withstand Any Future Losses, With The Aim Of Protecting The Bank, Depositors, And Other Lenders.

Faisal Islamic Bank Of Egypt Ranked Second, Recording CAR Of 24.47% By March 2023end, Followed By Qatar National Bank Al Ahli In Third Place With 21.22% By The End Of Last March.

As For The Fourth Position, It Was Obtained By Credit Agricole Egypt, With CAR Of 19.72% By The End Of March 2023, Followed By Commercial International Bank- CIB With 19.32% During The Same Period.

Housing And Development Bank Ranked Sixth After Recording CAR Of 19.11% By The End Of March 2023, While saib Secured The Seventh Position With 18.97% By The End Of The First Quarter Of The Current Year.

Al Ahli Bank of Kuwait Egypt Ranked Eighth With CAR Of 17.07%, Followed By aiBANK In The Ninth Position With 16.28% By The End Of March 2023.

alBaraka Bank Came In Tenth Place Among The Banks With CAR Of 16.13%, By The End Of March 2023, Followed By EGBANK With 19.32% During The Same Period.

It Is Worth Noting That All The Mentioned Data In The Above Analysis Are Based On Separate Announced Financial Statements Of Each Bank By The End Of March 2023.