Alex Bank, HD Bank, and QNB Al Ahli Top banks in Capital Adequacy Ratio by September -2023end

First Bank List Of Top Banks In Capital Adequacy Ratio (CAR) At The End Of Q3-2023 Revealed That Alex Bank Topped The List With A Capital Adequacy Ratio Of 30.44% By September 2023end.

The List Included 21 Banks Operating In The Egyptian Banking Sector, For Which Financial Statements, Showed 12 Of Banks Succeeded In Achieving A Capital Adequacy Rate Above The Prevailing Average In The Banking Sector Adequacy Ratio (CAR) Exceeding The Prevailing Sector Average Of 17.5% By The End Of June 2023, As Revealed In The Latest Statistical Bulletin Issued By The Central Bank Of Egypt.

All Banks Managed To Exceed The Minimum Threshold Set By The Central Bank For The Capital Adequacy Ratio, Which Is 12.5%. This Came After Local Banks Continued To Strengthen Their Capital Adequacy Ratios By The End Of The Financial Period Ending In Q3-2023, As Part Of Their Ongoing Efforts To Implement The Best International Practices And Basel Requirements.

CAR Reflects The Ratio Of A Bank's Capital Components To Its Risk-Weighted Assets, Indicating The Relationship Between The Bank's Capital Source And The Risks Associated With Its Assets And Other Operations. It Serves As A Measure Of The Bank's Solvency, Its Ability To Meet Its Obligations And Withstand Any Future Losses, With The Aim Of Protecting The Bank, Depositors, And Other Lenders.

Housing And Development Bank Ranked Second, Recording CAR Of 24.87% By September 2023end, Followed By Qatar National Bank Al Ahli In Third Place With 23.65% during the same period.

As For The Fourth Position, It Was Obtained By Faisal Islamic Bank, With CAR Of 22.87% By The End Of September 2023, Followed By Commercial International Bank- CIB With 21.40% During The Same Period.

AAIB Ranked Sixth After Recording CAR Of 20.61% By The End Of September 2023, While NB-Egypt Secured The Seventh Position With 19.24% By The End Of The Q3-2023.

saib Ranked Eighth With CAR Of 19.06%, Followed By Credit Agricole Egypt In The Ninth Position With 16.28% By The End Of September 2023.

Al Ahli Bank Of Kuwait Egypt Came In Tenth Place Among The Banks With CAR Of 18.33%, By The End Of September 2023, alBaraka Bank, ADIB Egypt  took the same position With CAR of 17.85% During The Same Period.

It Is Worth Noting That All The Mentioned Data In The Above Analysis Are Based On Separate Announced Financial Statements Of Each Bank By The End Of September 2023.