saib, Faisal Bank, and ADIB Egypt, Fastest-growing listed banks in shareholders’ Equity During Q1-2024
First Bank
First Bank List Revealed The Fastest-Growing Listed Banks In Shareholders’ Equity During Q1 of this Year. saib Topped The List ,With A Growth Rate Of 44.70%, Reaching EGP 17.90 Bn By End Of March 2024 Compared To EGP 12.37 Bn By End Of December 2023.
Shareholders’ Equity Refers To What Remains For Owners After Deducting All Obligations From Total Bank Assets, Reflecting Shareholders’ Equity In The Bank’s Assets. First Bank List Included 11 Banks Listed On The Egyptian Stock Exchange.
The Report Revealed That All Listed Banks Achieved Positive Growth Rates In Their Total Equity Portfolios During The Period From January To March 2024. Faisal Islamic Bank of Egypt Secured The Second Position With A Growth Rate Of 27.72% during Q1-2024, Raising Its Total Equity to EGP 31.76 Bn by the end of March 2024, compared to To EGP 15.36 Bn By End Of December 2023.
ADIB-Egypt Claimed The Third Position With A Growth Rate Of 12.10% during Q1-2024, Reaching A Total Equity Of EGP 15.62 Bn by the end of March 2024, Up From EGP 13.93 Bn by the end of December 2023.
CIB Took The Fourth Position With A Growth Rate Of 10.63% during Q1-2024, Increasing Its Total Equity To EGP 99.90 Bn by the end of March 2024, Compared To EGP 90.30 Bn By the end of December 2023.
SC Bank Secured The Fifth Position, Experiencing A Growth Rate Of 10.21% during Q1-2024, Recording EGP 8.61 Bn In Total Equity by the end of March 2024, Compared To EGP 7.81 Bn By the end of December 2023.
It’s Worth Noting That All Values And Growth Rates Mentioned Are Based On Separate Financial Statements Declared By Each Bank At The End Of March 2024.
Fastest growing listed banks in shareholders Equity during Q1-2024
| # | Bank Name | Value by end of March 2024 | Value by end of 2023 | growth rate% |
|---|---|---|---|---|
| 1 |
SAIB BANK |
17.898 Billion pounds | 12.37 Billion pounds | 44.69 % |
| 2 |
Faisal Islamic Bank of Egypt |
31.759 Billion pounds | 24.867 Billion pounds | 27.72 % |
| 3 |
Abu Dhabi Islamic Bank-ADIB Egypt |
15.615 Billion pounds | 13.93 Billion pounds | 12.1 % |
| 4 |
Commercial International Bank-CIB |
99.903 Billion pounds | 90.3 Billion pounds | 10.63 % |
| 5 |
Suez Canal Bank |
8.611 Billion pounds | 7.813 Billion pounds | 10.21 % |
| 6 |
Export Development Bank of Egypt-EBank |
14.665 Billion pounds | 13.726 Billion pounds | 6.84 % |
| 7 |
EGBANK |
7.824 Billion pounds | 7.39 Billion pounds | 5.87 % |
| 8 |
Credit Agricole Egypt |
15.292 Billion pounds | 14.493 Billion pounds | 5.51 % |
| 9 |
Qatar National Bank-QNB  |
68.244 Billion pounds | 64.702 Billion pounds | 5.47 % |
| 10 |
alBaraka Bank Egypt |
10.003 Billion pounds | 9.735 Billion pounds | 2.75 % |
| 11 |
Housing and Development Bank-HDB |
15.441 Billion pounds | 15.357 Billion pounds | 0.55 % |
