HD Bank, Credit Agricole, and ADIB-Egypt: Top banks In Return On Shareholders' Equity (ROE) At 9M-2023

First Bank List Of The Most Efficient Banks In Terms Of Return On Average Equity (ROE), Revealed That Housing And Development Bank Topped The List With A Rate Of 36.79% After The Bank Recorded A Net Profit Of EGP 4.42 Bn During The First 9 months Of 2023.

The List Included 22 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 September 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.

Credit Agricole Egypt Secured The Second Position With A Return On Average Equity Of 33%, Having Earned A Net Profit Of EGP 3.81 Bn During 9M-2023.

Abu Dhabi Islamic Bank – Egypt (ADIB) Claimed The Third Position With A Return On Average Equity Of 31.99%, Having Achieved A Net Profit Of EGP 3.42 Bn In The First 9 Months Of 2023.

ABK – Egypt Secured The Fourth Position With ROE Of 31.33%, After Achieving A Net Profit Of EGP 2.32 Bn During The First 9 months of 2023.

The Fifth Position Was Taken By Commercial International Bank – Egypt (CIB) With A Return On Equity Of 29.98%, After Earning A Net Profit Of EGP 21.732 Bn During The First 9 Months Of 2023, Emirates NBD Egypt Followed In The Sixth Position With ROE Of 26.58% During The same period.

Banque Misr Secured The Seventh Position With ROE of 24.13%, After Recording A Net Profit Of EGP 39.24 Bn During The First 9 months Of 2023, Followed By Alex Bank With ROE of 23.92% During The Same Period.

Ahli United Bank Occupied The Ninth Position With An Average Return On Equity Rate Of 23.77%, With Its Net Profit Reaching Approximately EGP 2.77 Bn During 9M-2023.

Suez Canal Bank Took Tenth Position With A Return On Average Equity Of 21.98%, Having Achieved A Net Profit Of EGP 1.36 Bn During The Same Period QNB Al Ahli Followed With An Average Return On Equity Of 21.06% 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 September 2023.