HD Bank, Credit Agricole bank, and Suez Canal Bank, top fastest-growing listed banks in terms of net profits in H1-2023

According To First Bank List Of The Fastest-Growing Banks In Terms Of Net Profits In The First Half Of The Current Year, HD Bank Topped the list With A Growth Rate Of 150.41%. It Recorded EGP 3.015 Bn During The First Half Of 2023, Compared To EGP 1.204 bn During The Same Period In 2022.

The List, Which Included 11 Banks Listed On The Egyptian Stock Exchange, Revealed That All Analyzed Banks Achieved Positive Growth Rates In Their Net Profits During The Period From January To June 2023.

Credit Agricole Bank- Egypt Ranked Second With A Growth Rate Of 146.26% During The First 6 Months Of The Current Year. It Reported Net Profits Amounting To EGP 2.509 Bn During The First half Of 2023, Compared To EGP 1.018 bn during H1-2022.

Suez Canal Bank Came Third, After Its Net Profits Jumped By A Growth Rate Of 134.49% During The First 6 Months Of The Current Year. It Recorded EGP 628.042 Mn During The First Half Of 2023, Compared To EGP 267.832 mn In The First half Of 2022.

Abu Dhabi Islamic Bank – Egypt Came Fourth, As Its Net Profits Increased By A Growth Rate Of 114.72% During The First 6 Months Of The Current Year. It Reported EGP 2.087 Bn During The First Half Of 2023, Compared To EGP 972.2 mn during H1-2022.

As For Fifth Position, It Was Obtained By Export Development Bank- EBank With A Growth Rate Of 98.19% During The First 6 Months Of The Current Year. It Recorded Net Profits Worth EGP 1.200 Bn During The First Half Of 2023, Compared To EGP 605.6 Mn In The First Half Of 2022.

It Is Worth Noting That All Values And Growth Rates Mentioned Above Analysis Are Based On Separate Financial Statements Of Each Bank On June 2023.