saib, ADIB Egypt, and Credit Agricole Bank, Fastest Growing Listed Banks in shareholders' Equity in H1-2023
First Bank
First Bank List Of The Fastest-Growing Listed Banks In Total Shareholders' Equity During The First Half Of The Current Year, Revealed That Saib Topped The List With A Growth Rate Of 34.43%. Its Total Shareholders' Equity Reached EGP 11.389 Bn by June 2023end, Compared To EGP 8.472 Bn At The End Of December 2022.
Shareholders' Equity Represents What Remains For The Owners After Deducting All Liabilities From The Total Bank Assets (In Essence, It Reflects The Shareholders' Equity In The Bank's Assets). First Bank List Monitored Shareholders' Equity Of 11 Banks Listed On The Egyptian Stock Exchange.
The List Revealed That all Banks Achieved Positive Growth Rates In Their Total Shareholders' Equity Portfolio During the period from January to June 2023.
Abu Dhabi Islamic Bank - Egypt Secured The Second Position With A Growth Rate Of 32.65% During The First half Of The Current Year. The Bank's Total Shareholders' Equity Increased From EGP 8.623 Bn At The End Of December 2022 To reach EGP 11.438 Bn by June 2023End.
Credit Agricole Bank - Egypt Ranked Third After Its Total Shareholders' Equity Increased With A Growth Rate Of 20.17% During The First 6 Months of The Current Year, recording EGP 11.927 Bn At The End Of June 2023, Compared To EGP 9.925 Bn At The End Of December 2022.
Housing Development Bank- HD Bank Ranked Fourth With A Growth Rate Of 18.17% During The First Half Of The Current Year, Recording EGP 12.221 Bn At The End Of June 2023, Compared To EGP 10.342 Bn At The End Of December 2022.
alBaraka Bank - Egypt Occupied The Fifth Position With A Growth Rate Of 11.46% During The First Half Of The Current Year. Its Total Shareholders' Equity Increased From EGP 7.585 Bn At The End Of December 2022 to reach EGP 8.454 bn At The End Of June 2023. It Was Followed By Suez Canal Bank With A Growth Rate Of 10.98% During The Same Period.
It Is Worth Noting That All Mentioned Values And Growth Rates Above Are Based On Separate Financial Statements, Announced For Each Bank At The End Of June 2023.
Fastest growing listed banks in shareholders' Equity In H1-2023
| # | Bank Name | Value by June-2023end | Value By Dec-2022end | Growth rate % |
|---|---|---|---|---|
| 1 |
SAIB BANK |
11.389 Billion pounds | 8.472 Billion pounds | 34.43 % |
| 2 |
Abu Dhabi Islamic Bank-ADIB Egypt |
11.438 Billion pounds | 8.623 Billion pounds | 32.65 % |
| 3 |
Credit Agricole Egypt |
11.927 Billion pounds | 9.925 Billion pounds | 20.17 % |
| 4 |
Housing and Development Bank-HDB |
12.221 Billion pounds | 10.342 Billion pounds | 18.17 % |
| 5 |
alBaraka Bank Egypt |
8.454 Billion pounds | 7.585 Billion pounds | 11.46 % |
| 6 |
Suez Canal Bank |
6.104 Billion pounds | 5.5 Billion pounds | 10.98 % |
| 7 |
Faisal Islamic Bank of Egypt |
24.273 Billion pounds | 21.962 Billion pounds | 10.52 % |
| 8 |
Export Development Bank of Egypt-EBank |
10.601 Billion pounds | 9.66 Billion pounds | 9.74 % |
| 9 |
Qatar National Bank-QNB  |
57.51 Billion pounds | 52.581 Billion pounds | 9.37 % |
| 10 |
EGBANK |
5.729 Billion pounds | 5.317 Billion pounds | 7.75 % |
| 11 |
Commercial International Bank-CIB |
69.155 Billion pounds | 67.721 Billion pounds | 2.12 % |
