HD Bank, Credit Agricole, and ADIB Egypt: Top listed banks in ROE during 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 46.93%, After Achieving A Net Profit Of EGP 6.031 Bn During 2023.

The List, Including 11 Banks Listed On The Egyptian Stock Exchange, Showed All Banks Achieving Positive Rates In Return On Average Equity, Reflecting Their Success In Varying Profit Levels And No Losses During The Financial Period From January To December 2023.

ROE Indicates Banks’ Ability To Invest Shareholders’ Equity To Achieve Suitable Profit Levels During The Analysis Period, With Higher Returns Indicating The Banks’ Efficiency In Investing Their Shares To Achieve Appropriate Profit Levels.

Credit Agricole Egypt Secured The Second Position With A Return On Average Equity Of 42.12%, Having Earned A Net Profit Of EGP 5.142 Bn During 2023.

Abu Dhabi Islamic Bank – Egypt (ADIB) Claimed The Third Position With A Return On Average Equity Of 39.82%, Having Achieved A Net Profit Of EGP 4.491 Bn during 2023.

Commercial International Bank – Egypt (CIB) Secured The Fourth Position With A Return On Equity Of 36.41%, After Earning A Net Profit Of EGP 28.768 Bn During 2023.

Suez Canal Bank Took The Fifth Position With A Return On Average Equity Of 34.45%, Having Achieved A Net Profit Of EGP 2.293 Bn During The Same Period.

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