ADIB Egypt, HD Bank, and Credit Agricole, Fastest-growing listed banks in shareholders’ Equity During 2023

First Bank List Revealed The Fastest-Growing listed Banks In Shareholders’ Equity During The last Year. Abu Dhabi Islamic Bank – Egypt Topped The List ,With A Growth Rate Of 61.54%, Reaching EGP 13.93 Bn By end of December 2023 compared to EGP 8.62 bn By end of December 2022.

Shareholders’ Equity Refers To What Remains For Owners After Deducting All Obligations From Total Bank Assets, Reflecting Shareholders’ Equity In The Bank’s Assets.

The Report Revealed That All Listed Banks Achieved Positive Growth Rates In Their Total Equity Portfolios During The Period From January To December 2023. HD Bank Secured The Second Position With A Growth Rate Of 48.49%, Raising Its Total Equity From EGP10.34 Bn In December 2022 To EGP 15.36 Bn By end of December 2023.

Credit Agricole Egypt Claimed The Third Position With A Growth Rate Of 46.03%, Reaching A Total Equity Of EGP 14.49 Bn By December 2023, Up From EGP 9.93 Bn In December 2022.

saib Took The Fourth Position With A Growth Rate Of 45.66% during The last  Year, Increasing Its Total Equity To EGP12.36 Bn By December 2023, Compared To EGP 8.49 Bn By December 2022.

SC Bank Secured The Fifth Position, Experiencing A Growth Rate Of 42.05%, Recording EGP 7.81 Bn In Total Equity By end of December 2023, Compared To EGP 5.50 Bn By December 2022 End.

It’s Worth Noting That All Values And Growth Rates Mentioned Are Based On Separate Financial Statements Declared By Each Bank At The End Of December 2023.