ABK Egypt, Ahli United Bank, HD bank, Top Banks in Return on Shareholder's Equity in Q1-2023

First Bank Has Revealed A List Of Top Banks In Terms Of Achieving Shareholder Equity, Based On The Return On Average Equity Ratio (ROE). ABK - Egypt Topped The List With A Rate Of 17.60% After achieving a net Profit Of EGP1.102 bn In Q1- 2023.

The List, Which Included 19 Banks, Showed That All Banks Achieved Positive ROE. Due To Their Success In Generating Profits At Varying Levels And Not Incurring Any Losses During The Financial Period From January To March 2023.

ROE Reflects Banks' Ability To Invest Shareholders' Equity In Generating Suitable Levels Of Profits During The Analyzed Period. The Higher The Return, The More Efficient The Banks Are In Utilizing Their Shares To Achieve Satisfactory Profit Levels.

According To The List, Ahli United Bank Secured The Second Position With ROE Of 14.24% In Q1 2023. The Bank Achieved A Net Profit Of EGP1.575 bn During The Same Period.

HD Bank Came Third With ROE Of 12.64% During The First 3 Months Of The Current Year, After Achieving A Net Profit Of EGP 1.325 Bn During Q1-2023.

Credit Agricole Egypt Secured The Forth Position With ROE Of 11.94% In Q1 Of The Current Year. The Bank Achieved A Net Profit Of EGP1.221 bn During The Same Period, followed by Emirates NBD – Egypt with ROE of 11.02% during the same period of 2023.

ADIB– Egypt ranked sixth with ROE of 10.23% after achieving a net profit of EGP 968 mn during the first quarter of 2023, followed by Faisal Islamic Bank - with ROE of 9.43% during the same period.

As for the Eighth place, obtained by commercial international bank- CIB after achieving ROE at a rate of 9.37%, while Bank's net profit recorded EGP 6.084 bn during the first quarter of 2023.

QNB Al Ahli came ninth with ROE of 8.43% after Bank's net profit reached EGP 4.481 bn during the first quarter of 2023, followed by Alex Bank with ROE of 7.73% during the same period.

It's Important To Note That All Values And Rates Mentioned In The Analysis Are Based On The separate Announced Financial Statements Of Each Bank By The End Of March 2023.