Credit Agricole, HD Bank and CIB: Top listed banks in terms of ROA At 9M-2023

First Bank list of the most efficient banks in terms of asset investment (return on average assets), ROA, for the first 9 months of the current year revealed Credit Agricole – Egypt topping the list with a rate of 4.34%, having achieved a net profit of EGP3.806 bn during the analyzed period.

The list, including 11 banks listed on the Egyptian stock exchange, disclosed that all banks achieved positive return rates on average assets, attributed to varying levels of success in generating net profits from January to September 2023 without any reported losses.

Return on average assets measures banks’ efficiency in investing their assets to achieve net profits during the analyzed period. The higher the return, the more efficient the bank is in generating suitable profit levels.

Returning to the list, Housing and Development Bank secured the second position with a return rate on average assets of 3.98% during the first 9 months of 2023, due to its net profit rising to EGP4.419 bn during the same period of the current year.

Commercial International Bank – Egypt (CIB) claimed the third position on the list with a return rate on average assets of 3.01% during the first 9 months of 2023, thanks to the bank’s achievement of a net profit of EGP21.732 bn during the analyzed period.

Abu Dhabi Islamic Bank – Egypt secured the fourth position with a return on average assets rate of 2.61%, having achieved a net profit of EGP3.422 bn pounds during the first 9 months of 2023.

Qatar National Bank Al Ahli ranked fifth, achieving a return rate on average assets of 2.25% during the first 9 months of the current year, recording a net profit of around EGP11.919 bn during the same period.

It’s worth noting that all values used in calculating return rates on average assets are based on separate financial statements declared by each bank at the end of September 2023.