Credit Agricole, HD Bank, and FABMISR Top banks in ROA during 2023

First Bank List Of The Most Efficient Banks In Terms Of Return On Average Assets during the last year, Revealed Crédit Agricole Egypt Leading the List With An Average Return on Assets Of 5.68%, Having Achieved A Net Profit EGP 5.14 Bn During 2023.

The List Included 22 Banks In The Egyptian Banking Sector, All Of Which Achieved Positive Rates In Return On Average Assets, Indicating Their Success In Generating Varying Levels Of Net Profits Without Incurring Any Losses From January To December 2023.

The List Revealed That 21 Banks Operating In The Banking Sector Exceeded The Rate Of Return On Average Assets Set By The Central Bank Of Egypt At 1.2% In December 2023 According To The Latest Statistical Statement Issued On The Central Bank's Website.

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.

The Second position Was Secured By Housing And Development Bank, With An Average Return On Assets Of 5.27% during the Last Year, Where The Bank Achieved A Net Profit Of EGP 6.03 Bn During The Same Period.

FABMISR Came In Third With An Average Return On Assets Of 4.15%, After Recording A Net Profit Of EGP 10.40 Bn During The Same Period.

Commercial International Bank Claimed The Fourth Position With An Average Return On Assets Of 3.92% During The Last Year, After Achieving A Net Profit Of EGP 28.77 Bn During 2023.

National Bank Of Kuwait – Egypt Secured The Fifth Position On The List, With An Average Return On Assets Of 3.41%, Having Achieved A Net Profit Of EGP 4.02 Bn During 2023, Followed By Alex Bank With An Average Return On Assets Of 3.39% During The Same Period.

Ahli United Bank Of Egypt Took The Seventh Position With An Average Return On Assets Of 3.33% And A Net Profit Of EGP 3.31 Bn During 2023, Followed By Abu Dhabi Islamic Bank – Egypt With An Average Return On Assets Of 3.25% During The Same Period.

Ahli Bank Kuwait – Egypt (ABK – Egypt) Claimed the Ninth Position with An Average return on Assets of 3.24% During the Last Year, After Achieving A Net Profit Of EGP 2.80 Bn During The Same Period.

EBank Came In Tenth With An Average Return On Assets Of 2.92%, After Recording A Net Profit Of EGP 3.12 Bn During 2023 Followed By QNB AL AHLI, Emirates NBD – Egypt With rates Of 2.87%, 2.82% During The Same Period.

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