FAB Egypt, Ahli United Bank, Credit Agricole Bank, and ABK–Egypt Top Banks in Return On Average Assets

First Bank List Of The Best Banks For Achieving Return On Average Assets (ROA) Revealed That First Abu Dhabi Bank FAB – Egypt Topped The List With ROA of 1.99%, After Achieving A Net Profit Of EGP 4.790 Bn During the First quarter of Current year.

The Strong Performance Comes After Merging Of First Abu Dhabi Bank With Bank Audi And Renaming The Institution Under First Abu Dhabi Bank Egypt.

The List, Which Included 22 Banks Operating In The Egyptian Banking Sector, Revealed That All Banks Achieved Positive ROA, Due To The Success Of The Banks In Achieving Net Profits At Varying Levels And None Of These Banks Achieved Losses During the period from January to March 2023.

The List Revealed That 6 Egyptian Banks Exceeded The Rate Of ROA Set By CBE, Which Reached 1.2% In March 2023, According To The Latest Bulletin Issued On The Bank’s Website.

ROA Measures The Efficiency Of Banks In Investing Their Assets In Order To Achieve Net Profits During The Period Under Analysis, And The Higher The Return, The More Efficiency Of The Bank In Investing Its Assets To Achieve Appropriate Profit Levels.

Ahli United Bank - Egypt Ranked Second, After Recording ROA of 1.71% During Q1-2023, As The Bank Achieved Net Profits Of EGP 1.575 bn During the same period.

As For The Third Position, It Was Obtained By credit Agricole Bank, Recording 1.52% in ROA From January To March 2023. The Bank Managed To Achieve A Net Profit Of EGP 1.221 bn During That Period.

ABK- Egypt Claimed The Fourth Position After Achieving 1.42% ROA, Due To Its Net Profit Rising To EGP 1.102 Bn During The First 3 Months Of The Current Year, Followed by Faisal Islamic Bank at a rate of 1.35% during the same period of current year.

Housing And Development Bank Secured the sixth place on the list, with ROA of 1.21%, after it managed achieving net profit of EGP1.325 bn during the first quarter of 2023.

As for the seventh place, CIB and Emirates NBD – Egypt participate with ROA of 0.92%, despite the difference between two banks in the values of their net profits, where the net profit of Commercial International Bank reached EGP 6.084 bn, while net profit of Emirates NBD Recorded EGP965 mn during the first quarter of 2023.

Qatar National Bank Al Ahli came in Eight place By Achieving 0.90% ROA During the First Quarter of Current Year. It Recorded A Net Profit Of EGP 4.481 bn During The Same Period, followed by Alex Bank in ninth place with ROA of 0.87% during the same period this year.

The Tenth Place On The List Was Occupied By ADIB - Egypt , after it recorded a rate of 0.81% ROA and its net profit for the first quarter of this year was recorded EGP 968 mn.

It Should Be Noted That All Values Used In Calculating ROAs Are Based On Separate Announced Financial Statements Of Each Bank At The End Of March 2023.