saib, Faisal Islamic Bank, and SC Bank, fastest growing listed banks in net profits in Q1-2024

According To First Bank List Of The Fastest-Growing Listed Banks In Net Profits during 3M in the current year, saib Topped The List With A Growth Rate Of 238%, Achieving A Net Profit Of EGP 581 mn in Q1-2024, compared to EGP 172  mn during the same period of 2023.

The List, Which Included 11 Banks Listed On The Egyptian Stock Exchange, Revealed Positive Growth Rates In The Net Profits Of All Banks During The same Period From January To March.

Faisal Islamic Bank of Egypt Secured The Second Position, With Its Net Profits Rising By 179.8%, To Reach EGP 6.003 Bn during Q1-2024, Compared To EGP 2.146 Bn During The same Period of 2023.

The Third Position Went To SC Bank, Achieving A Growth Rate Of 143.7% And Recording EGP 611 mn In Net Profits during Q1-2024, Compared To EGP 251 mn In Q1-2023.

Abu Dhabi Islamic Bank-Egypt Claimed The Fourth Position, With A Growth Rate Of 117.3%, Attaining A Net Profit Of EGP 2.104 Bn during Q1-2024, Compared To EGP 968  Bn In Q1-2023.

EBank Secured The Fifth Position, With An 105.5% Growth In Net Profits, Reaching EGP 1.031 Bn during Q1-2024, Compared To EGP 502  Bn In 2022 In Q1-2023,followed by CIB With A Growth Rate Of  96.4% during the same period.

It’s Worth Noting That All Values And Growth Rates Mentioned In The Analysis Are Based On Separate Declared Financial Statements Of Each Bank By The End March 2024.