HD Bank and ABK – Egypt, Top banks in ROE during H1-2023

The list of the most efficient Egyptian banks in investing shareholders' Equity, based on the average return on equity( ROE), revealed that Housing and Development Bank topped the list with a rate of 26.73% after the bank recorded a net profit of EGP3.015 bn during the first half of 2023.

The list included 21 banks operating in the Egyptian banking sector, for which financial data for analysis was available. It showed that all banks achieved positive rates in the average return on equity, indicating their success in generating profits at varying levels. None of these banks incurred losses during the financial period from January to June 2023.

ROE reflects the banks' ability to invest shareholders' rights to achieve suitable profit levels during the analyzed period. The higher the return, the more efficient the banks are in investing their shares to achieve appropriate profit levels.

ABK – Egypt secured the second position with ROE of 25.18%, resulting from the bank's net profit of EGP1.698 bn during the first half of 2023.

Credit Agricole Egypt Bank came in third place with ROE of 22.96% during the first half of the current year, after achieving a net profit of EGP 2.509 bn during the same period.

Emirates NBD Egypt followed in the fourth position with ROE of 20.99% during the first half of the current year, with a net profit of around EGP1.942 bn.

Abu Dhabi Islamic Bank – Egypt came next with ROE 20.81% during the same period of 2023.

The sixth position was taken by Commercial International Bank – Egypt (CIB) with an 20.67%, as it achieved a net profit of EGP 14.143 bn during the first half of 2023.

Ahli United Bank of Egypt secured the seventh position with 19.09%, after recording a net profit of EGP2.184 bn during the first half of 2023.

QNB Alahli Bank followed with an average return on equity rate of 14.92% during the same period.

Alex Bank occupied the ninth position with an average return on equity rate of 14.88%, with its net profit reaching approximately EGP2.365 bn during the first half of 2023. It was followed by Attijariwafa with 13.56% during the same period.

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