Alex Bank, HD Bank, and CIB Top banks in Capital Adequacy Ratio by end of 2023

First Bank List Of Top Banks In Capital Adequacy Ratio (CAR) during the last year Revealed That Alex Bank Topped The List With A Capital Adequacy Ratio Of 31.45% By December 2023end.

The List Included 21 Banks Operating In The Egyptian Banking Sector, For Which Financial Statements, Showed 11 Of Banks Succeeded In Achieving A Capital Adequacy Rate Above The Prevailing Average In The Banking Sector Adequacy Ratio (CAR) Exceeding The Prevailing Sector Average Of 18.6% By The End Of December 2023, As Revealed In The Latest Statistical Bulletin Issued By The Central Bank Of Egypt.

All Banks Managed To Exceed The Minimum Threshold Set By The Central Bank For The Capital Adequacy Ratio, Which Is 12.5%. This Came After Local Banks Continued To Strengthen Their Capital Adequacy Ratios By The End Of The Financial Period Ending In 2023, As Part Of Their Ongoing Efforts To Implement The Best International Practices And Basel Requirements.

CAR Reflects The Ratio Of A Bank's Capital Components To Its Risk-Weighted Assets, Indicating The Relationship Between The Bank's Capital Source And The Risks Associated With Its Assets And Other Operations. It Serves As A Measure Of The Bank's Solvency, Its Ability To Meet Its Obligations And Withstand Any Future Losses, With The Aim Of Protecting The Bank, Depositors, And Other Lenders.

Housing And Development Bank Ranked Second, Recording CAR Of 26.31% By December 2023end, Followed By Commercial International Bank- CIB In Third Place With 26.20% During the same period.

As For The Fourth Position, It Was Obtained By Qatar National Bank Al Ahli-QNB, With CAR Of 25.09% By The End Of December 2023, Followed By Faisal Islamic Bank With 23.02% During The Same Period.

EGBANK Ranked Sixth After Recording CAR Of 20.76% By The End Of December 2023, While AAIB Secured the Seventh Position With 20.42% By The End Of 2023.

NBK-Egypt Ranked Eighth With CAR Of 19.92%, Followed By saib In The Ninth Position With 19.42% By The End Of December 2023.

Al Ahli Bank Of Kuwait Egypt Came In Tenth Place Among The Banks With CAR Of 18.72%, By The End Of December 2023, Followed By aiBank and alBaraka Bank, With CARs Of 18.64%, 18.56% respectively During The Same Period.

It Is Worth Noting That All the Mentioned Data In The Above Analysis Are Based On Separate Announced Financial Statements Of Each Bank By The End Of December 2023.