Faisal Bank, QNB Al Ahli, and HD Bank Top listed banks in Capital Adequacy Ratio by June 2023end

First Bank List Of Top Listed Banks In Capital Adequacy Ratio (CAR) By The End Of First Half Of The Current Year Revealed That Faisal Islamic Bank-Egypt Topped The List With A Capital Adequacy Ratio Of 24.13% By June 2023End, Followed By Qatar National Bank Al Ahli In Second Place With A Ratio Of 22.44% By June 2023end.

The List, Which Included 11 Banks Listed On The Egyptian Stock Exchange, Showed That 7 Listed Banks Managed To Achieve A Capital Adequacy Ratio (CAR) Exceeding The Prevailing Sector Average Of 17% By The End Of March 2022, As Revealed In The Latest Statistical Bulletin Issued By The Central Bank Of Egypt.

All Listed 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 June 2023, As Part Of Their Ongoing Efforts To Implement The Best International Practices And Basel Requirements.

The Capital Adequacy Ratio 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, I.E., Its Ability To Meet Its Obligations And Withstand Any Future Losses, With The Aim Of Protecting The Bank, Depositors, And Other Lenders.

Housing And Development Bank- HD Bank Ranked Third, Recording CAR Of 21.18% By The End Of June 2023, Followed By Credit Agricole Egypt In Fourth Place With A Ratio Of 19.09% By The End Of June 2023.

As For The Fifth Position, It Was Obtained By Commercial International Bank CIB- Egypt, With CAR Of 19% By The End Of June 2023.

saib Ranked Sixth After Recording CAR Of 18.60% By June 2023end, While alBaraka Bank - Egypt Secured The Seventh Position With CAR of 17.44% By The End Of The First Half Of The Current Year.

Abu Dhabi Islamic Bank - Egypt Ranked Eighth With CAR Of 15.57%, Followed By Export Development Bank-EBank In The Ninth Position With 14.40% By The End Of June 2023.

Suez Canal Bank Came In Tenth Place Among The Listed Banks With CAR Of 13.78%, Followed By EGBANK With 13.78% By The End Of June 2023.

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 June 2023.