Faisal Bank, Credit Agricole, and HD Bank: Top listed banks in terms of ROA during Q1-2024

First Bank List of The Most Efficient Listed Banks In Terms Of Asset Investment (Return On Average Assets), ROA, During The first quarter of the current Year Revealed Faisal Islamic Bank Topping The List With A Rate Of 3.05%, Having Achieved A Net Profit Of EGP6 Bn During Q1-2024.

The List, Including 11 Banks Listed On The Egyptian Stock Exchange, Disclosed That All Banks Achieved Positive Return Rates On Average Assets, Attributed To Varying Levels Of Success In Generating Net Profits From January To March 2024 Without Any Reported Losses.

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.

Returning To The List, Credit Agricole – Egypt Secured The Second Position With A Return Rate On Average Assets Of 2.12% During the first quarter of 2024, Due To Its Net Profit Rising To EGP2.29 Bn During The same period.

Housing And Development Bank Claimed The Third Position On The List With A Return Rate On Average Assets Of 1.88% during the first quarter of the current year, Thanks To The Bank’s Achievement Of A Net Profit Of EGP2.43 Bn The same period.

Commercial International Bank – Egypt (CIB) Secured The Fourth Position With A Return On Average Assets Rate Of 1.32%, Having Achieved A Net Profit Of EGP11.95Bn During the first quarter of this year.

Abu Dhabi Islamic Bank – Egypt EBank Ranked Fifth, Achieving A Return Rate On Average Assets Of 1.20% During The first quarter of this Year, Recording A Net Profit Of Around EGP2.10Bn During The Same Period.

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