HD Bank, Credit Agricole, and ADIB-Egypt: Top banks In return on Shareholders' Equity (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 The Bank Recorded A Net Profit Of EGP 6.030 Bn During 2023.

The List Included 21 Banks Operating In The Egyptian Banking Sector, For Which Financial Data For Analysis Was Available. It Showed That All Banks Achieved Positive Rates In The Average Return On Equity, Indicating Their Success In Generating Profits At Varying Levels. None Of These Banks Incurred Losses During The Financial Period From January To December 2023.

ROE Reflects The Banks' Ability To Invest Shareholders' Rights To Achieve Suitable Profit Levels During The Analyzed Period. The Higher The Return, The More Efficient The Banks Are 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 39.83%, Having Achieved A Net Profit Of EGP 4.491 Bn during the last year.

The Fourth Position Was Taken By Commercial International Bank – Egypt (CIB) With A Return On Equity Of 36.4%, After Earning A Net Profit Of EGP 28.768 Bn During 2023,

ABK – Egypt Secured the Fifth Position With a ROE Of 35.93%, After Achieving A Net Profit Of EGP 2.803 Bn during the last year.

Suez Canal Bank Took Sixth Position With A Return On Average Equity Of 34.45%, Having Achieved A Net Profit Of EGP 2.293 Bn During 2023.

Emirates NBD Egypt Secured the Seventh Position With ROE Of 32.17%, After Recording A Net Profit Of EGP 3.235 Bn During 2023.

NBK Egypt Secured the Eighth Position with ROE Of 30.73%, After Achieving A Net Profit Of EGP 4.021 Bn during 2023, Followed By Alex Bank With ROE Of 28.84% During The Same Period.

Ahli United Bank Took Tenth Position With An Average Return On Equity Rate Of 27.88%, With Its Net Profit Reaching Approximately EGP 3.311 Bn during 2023, Followed By Attijariwafa Bank, QNB Al Ahli With ROEs Of 27.16%, 26.89% During The Same Period.

It's Worth Mentioning That All the Rates And Values Mentioned In The Analysis Are Based On Separate Financial Statements Announced By Each Bank At The End Of December 2023.