Faisal Bank, and HD Bank: Top listed banks in ROE during Q1-2024

First Bank List Of The Most Efficient Banks In Terms Of Return On Average Equity (ROE) Revealed That Faisal Islamic Bank Topped The List With A Rate Of 21.20%, After Achieving A Net Profit Of EGP 6.003 Bn During the first quarter of 2024.

The List, Including 11 Banks Listed On The Egyptian Stock Exchange, Showed All Banks Achieving Positive Rates In Return On Average Equity, Reflecting Their Success In Varying Profit Levels And No Losses During The Financial Period From January To March 2024.

ROE Indicates Banks’ Ability To Invest Shareholders’ Equity To Achieve Suitable Profit Levels During The Analysis Period, With Higher Returns Indicating The Banks’ Efficiency In Investing Their Shares To Achieve Appropriate Profit Levels.

Housing And Development Bank Secured the Second Position With A Return On Average Equity Of 15.75%, Having Earned A Net Profit Of EGP 2.291 Bn during the first quarter of 2024.

Credit Agricole Egypt Secured The third Position With A Return On Average Equity Of 15.39%, Having Earned A Net Profit Of EGP 2.291 Bn during the first quarter of 2024.

Abu Dhabi Islamic Bank – Egypt (ADIB) Claimed the Fourth Position with A Return On Average Equity Of 14.24%, Having Achieved A Net Profit Of EGP 2.104 Bn during the first quarter of 2024.

Commercial International Bank – Egypt (CIB) Took The Fifth Position With A Return On Average Equity Of 12.56%, Having Achieved A Net Profit Of EGP 11.947Bn during the first 3 months of the current year.

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