Credit Agricole, HD Bank and CIB: Top listed banks in terms of ROA during 2023

First Bank List Of The Most Efficient listed Banks In Terms Of Asset Investment (Return On Average Assets), ROA, during the last Year Revealed Credit Agricole – Egypt Topping The List With A Rate Of 5.68%, Having Achieved A Net Profit Of EGP35.142 Bn During 2023.

The List, Including 11 Banks Listed On The Egyptian Stock Exchange, Disclosed That All Banks Achieved Positive Return Rates On Average Assets, Attributed To Varying Levels Of Success In Generating Net Profits From January To December 2023 Without Any Reported Losses.

Return On Average Assets Measures Banks’ Efficiency In Investing Their Assets To Achieve Net Profits During The Analyzed Period. The Higher The Return, The More Efficient The Bank Is In Generating Suitable Profit Levels.

Returning To The List, Housing And Development Bank Secured The Second Position With A Return Rate On Average Assets Of 5.27% During 2023, Due To Its Net Profit Rising To EGP6.031 Bn During the last year.

Commercial International Bank – Egypt (CIB) Claimed The Third Position On The List With A Return Rate On Average Assets Of 3.92% during the 2023, Thanks To The Bank’s Achievement Of A Net Profit Of EGP28.768 Bn During 2023.

Abu Dhabi Islamic Bank – Egypt Secured The Fourth Position With A Return On Average Assets Rate Of 3.25%, Having Achieved A Net Profit Of EGP4.491Bn During 2023.

EBank Ranked Fifth, Achieving A Return Rate On Average Assets Of 2.92% during the last Year, Recording A Net Profit Of Around EGP3.120 Bn During The Same Period.

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