HD Bank, EBank, and SC Bank, fastest growing listed banks in net profits in 2023
First Bank
According To First Bank List Of The Fastest-Growing Listed Banks In Net Profits For The last Year, HD Bank Topped The List With A Growth Rate Of 167.25%, Achieving A Net Profit Of EGP 6.030 Bn In 2023 with an increase of EGP 3.774 bn.
The List, Which Included 11 Banks Listed On The Egyptian Stock Exchange, Revealed Positive Growth Rates In The Net Profits Of All Banks During The Period From January To last December.
EBank Secured The Second Position, With Its Net Profits Rising By 153.89% To Reach EGP 3.120 Bn In 2023, Compared To EGP 1.228 Bn In 2022.
The Third Position Went To SC Bank, Achieving A Growth Rate Of 120.51% during last year And Recording EGP 2.293 Bn In Net Profits in 2023, Compared To EGP 1.040 bn In 2022.
Crédit Agricole Claimed The Fourth Position, With A Growth Rate Of 112.57 during last year, Attaining A Net Profit Of EGP 5.142 Bn In 2023, Compared To EGP 2.419 Bn In 2022.
Abu Dhabi Islamic Bank-Egypt Secured The Fifth Position, With An 111.25% Growth In Net Profits during last year, Reaching EGP 4.491 Bn in 2023, Compared To EGP 2.126 bn in 2022.
It’s Worth Noting That All Values And Growth Rates Mentioned In The Analysis Are Based On Separate Declared Financial Statements Of Each Bank by the end of 2023.
Fastest growing listed banks in net profits during 2023
| # | Bank Name | Value At 2023 | Value At 2022 | Growth Rate |
|---|---|---|---|---|
| 1 |
Housing and Development Bank-HDB |
6.3 Billion pounds | 2.256 Billion pounds | 167.25 % |
| 2 |
Export Development Bank of Egypt-EBank |
3.12 Billion pounds | 1.229 Billion pounds | 153.89 % |
| 3 |
Suez Canal Bank |
2.29 Billion pounds | 1.04 Billion pounds | 120.51 % |
| 4 |
Credit Agricole Egypt |
5.14 Billion pounds | 2.419 Billion pounds | 112.57 % |
| 5 |
Abu Dhabi Islamic Bank-ADIB Egypt |
4.491 Billion pounds | 2.126 Billion pounds | 111.25 % |
| 6 |
Commercial International Bank-CIB |
28.768 Billion pounds | 16.13 Billion pounds | 78.35 % |
| 7 |
EGBANK |
1.414 Billion pounds | 855.526 million pounds | 65.22 % |
| 8 |
Qatar National Bank-QNB  |
15.77 Billion pounds | 10.124 Billion pounds | 55.76 % |
| 9 |
SAIB BANK |
963.921 Billion pounds | 746.776 million pounds | 29.08 % |
| 10 |
alBaraka Bank Egypt |
2.224 Billion pounds | 1.755 Billion pounds | 26.72 % |
| 11 |
Faisal Islamic Bank of Egypt |
4.057 Billion pounds | 4.475 Billion pounds | -9.35 % |
