HD Bank, QNB AlAhli, and Faisal Bank, top listed banks in Capital Adequacy ratio by Sep- 2023end

The list of First Bank for the best banks listed in capital adequacy ratio at the end of last September revealed the leadership of Housing and Development Bank, after it recorded a capital adequacy ratio of 24.87%, followed by QNB ALAHLI with a capital adequacy ratio of 23.65% at the end of September 2023.

The list, which included 11 banks listed on the Egyptian Stock Exchange, revealed the ability of 8 listed banks to achieve a capital adequacy ratio that exceeds the prevailing average in the banking sector, which amounted to 17.5% at the end of September 2023, which was revealed by the latest statistical bulletin issued by the Central Bank of Egypt.

All listed banks succeeded in exceeding the minimum limit set by the Central Bank for the capital adequacy ratio, which is 12.5%, after the local banks continued to support the capital adequacy ratios with them, at the end of September 2023, as part of their constant endeavor to apply the best international practices and requirements of Basel.

Capital adequacy ratio expresses the ratio of the components of the bank’s capital to its risk-weighted assets, and shows the relationship between the source of capital and the risks surrounding the bank’s assets and any other operations.

It is a tool for measuring the bank’s solvency, i.e. its ability to meet its obligations and face any losses that may occur in the future, with the aim of protecting the bank, depositors and other lenders.

Faisal Islamic Bank of Egypt came in third place after it recorded a capital adequacy ratio of about 22.87% at the end of last September, while the Commercial International Bank of Egypt “CIB” ranked fourth with a ratio of 21.40% at the end of September 2023.

Saib was able to obtain the fifth place after it recorded a capital adequacy ratio of 19.06% at the end of September 2023.

Credit Agricole Egypt came in sixth place with a capital adequacy ratio of 18.81% at the end of September 2023, while the banks of alBaraka bank and ADIB shared the seventh place with a capital adequacy ratio of 17.85% at the end of last September.

 Egyptian Gulf Bank ranked eighth with a capital adequacy ratio of 17.38%, followed by Egyptian Export Development Bank  in ninth place with a ratio of 15.50% at the end of September 2023.

Suez Canal Bank ranked tenth among the listed banks with a capital adequacy ratio of 15.29% at the end of September 2023.

It is worth noting that all the data mentioned in the analysis above are according to separate financial statements announced by each bank at the end of September 2023.