Alex Bank, Faisal Bank, QNB Al-Ahli and HD Bank, Top Egyptian banks in CAR by june-2023 end

First Bank list of the best Egyptian banks in terms of capital adequacy (CAR) at the end of the first half of this year revealed that Alex Bank topped the list with 26.74% by the end of June 2023.

The list included 20 banks in the Egyptian banking sector for which financial data were available for analysis. Out of these, 11 banks managed to achieve CAR higher than the sector's average of 17% by the end of March 2023, as disclosed in the latest statistical report issued by the Central Bank of Egypt.

Capital adequacy ratio represents the proportion of a bank's capital components to its risk-weighted assets, indicating the relationship between the source of capital and the risks associated with the bank's assets and any other operations.

It serves as a measure of a bank's solvency, reflecting its ability to meet its obligations and withstand potential future losses, aiming to safeguard the bank, depositors, and other creditors.

Faisal Islamic Bank of Egypt secured the second position with CAR of approximately 24.13% by the end of June 2023, followed by Qatar National Bank Alahli (QNB) in the third position with a ratio of 22.44% at the same period.

AAIB ranked fourth on the list with CAR of about 21.18% at the end of the first half of 2023. AAIB came fifth with 20.41% by the end of June 2023, followed by Credit Agricole Egypt with a ratio of 19.09% at the same period.

Moving to the seventh position, Commercial International Bank - Egypt (CIB) achieved CAR of around 19% by the end of the first half of 2023.

saib secured the eighth position with CAR approximately 18.6% by the end of June 2023.

National Bank of Kuwait- Egypt ranked ninth CAR 17.74% at the same period. Al Ahli Bank of Kuwait - Egypt (ABK - Egypt) clinched the tenth position on the list with  17.53% at the end of the first half of 2023, followed by alBaraka Bank in the eleventh position with CAR 17.44% at the same period.

It's important to note that all the mentioned data in the above analysis are based on separate financial statements announced by each bank at the end of June 2023.