ADIB Egypt, saib, and EGBANK, Fastest-growing listed banks in shareholders’ Equity At 9M-2023
First Bank
According to First Bank list, Abu Dhabi Islamic Bank – Egypt led with a growth rate of 48.08%, reaching EGP 12.77 bn by September 2023.
Shareholders’ Equity refers to what remains for owners after deducting all obligations from total bank assets, reflecting shareholders’ Equity in the bank’s assets.
The report revealed that all listed banks achieved positive growth rates in their total equity portfolios during the period from January to September 2023. Saib secured the second position with a growth rate of 37%, raising its total equity from EGP8.49 bn in December 2022 to EGP 11.63 bn by September 2023.
EGBANK, Egyptian Gulf Bank, took the third position with a growth rate of 33.18% in the first 9 months of the current year, increasing its total equity to EGP7.08 bn by September 2023, compared to EGP 5.32 bn by December 2022.
Credit Agricole Egypt claimed the fourth position with a growth rate of 32.40%, reaching a total equity of EGP 13.14 bn by September 2023, up from EGP 9.93 bn in December 2022.
HD Bank secured the fifth position, experiencing a growth rate of 32.33%, recording EGP13.69 bn in total equity by September 2023, compared to EGP10.34 bn by December 2022.
Suez Canal Bank and EBank followed with growth rates of 24.51% and 19.83% respectively during the same period.
It’s worth noting that all values and growth rates mentioned are based on separate financial statements declared by each bank at the end of September 2023.
Fastest growing listed banks in Equity during 9M-2023
| # | Bank Name | Value By Sep-2023End | Value By Dec-2022End | Growth Rate% |
|---|---|---|---|---|
| 1 |
Abu Dhabi Islamic Bank-ADIB Egypt |
12.769 Billion Pounds | 8.623 Billion Pounds | 48.08 % |
| 2 |
SAIB BANK |
11.626 Billion Pounds | 8.486 Billion Pounds | 37 % |
| 3 |
EGBANK |
7.081 Billion Pounds | 5.317 Billion Pounds | 33.18 % |
| 4 |
Credit Agricole Egypt |
13.141 Billion Pounds | 9.925 Billion Pounds | 32.4 % |
| 5 |
Housing and Development Bank-HDB |
13.686 Billion Pounds | 10.342 Billion Pounds | 32.33 % |
| 6 |
Suez Canal Bank |
6.848 Billion Pounds | 5.5 Billion Pounds | 24.51 % |
| 7 |
Export Development Bank of Egypt-EBank |
11.613 Billion Pounds | 9.691 Billion Pounds | 19.83 % |
| 8 |
alBaraka Bank Egypt |
9.061 Billion Pounds | 7.585 Billion Pounds | 19.46 % |
| 9 |
Qatar National Bank-QNB Al Ahli |
60.63 Billion Pounds | 52.851 Billion Pounds | 14.72 % |
| 10 |
Commercial International Bank-CIB |
77.278 Billion Pounds | 67.721 Billion Pounds | 14.11 % |
| 11 |
Faisal Islamic Bank of Egypt |
24.024 Billion Pounds | 21.962 Billion Pounds | 9.39 % |
