Credit Agricole Bank, HD Bank, FABMisr, Al Ahli United, and ABK-Egypt, Top banks in ROA

The list of the best banks in terms of return on average assets during the first half of this year, revealed by First Bank, showed Crédit Agricole Egypt leading the list with an average return on assets of 2.98%, having achieved a net profit EGP 2.59 bn during the first half of 2023.

The list included 22 banks in the Egyptian banking sector, all of which achieved positive rates in return on average assets, indicating their success in generating varying levels of net profits without incurring any losses from January to June 2023.

The second position was secured by Housing and Development Bank, with an average return on assets of 2.81% during the first half of this year, where the bank achieved a net profit of EGP3.015 bn during the same period.

First Abu Dhabi Bank – Egypt (FABMisr) claimed the third position with an average return on assets of 2.66% during the first half of this year, after achieving a net profit of EGP 6.6 bn during the same period.

Ahli United Bank of Egypt took the fourth position with an average return on assets of 2.27% and a net profit of EGP2.184 bn during the first half of 2023.

Fifth position was taken by Ahli Bank Kuwait – Egypt (ABK – Egypt), which managed to achieve a return on average assets of 2.12% due to an increase in its net profits to EGP 1.698 bn during the first half of 2023.

CIB – Egypt secured the sixth position on the list, with an average return on assets of 1.98%, having achieved a net profit of EGP 14.143 bn during the first half of 2023.

Emirates NBD – Egypt came in seventh with an average return on assets of 1.79% during the first half of 2023, after recording a net profit of EGP1.942 bn, followed by Alex Bank with an average return on assets of 1.69% during the same period.

Faisal Bank claimed the ninth position with an average return on assets of 1.68%, having recorded a net profit of approximately EGP2.365 bn during the first half of 2023.

Abu Dhabi Islamic Bank – Egypt (ADIB) ranked tenth, with an average return on assets of 1.65% and a net profit of around EGP2.087 bn for the first half of the current year.

It's worth noting that all the values and rates of return on average assets mentioned in the analysis are based on separate financial statements announced by each bank at the end of June 2023.