ABK ranked 1st at First Bank indicator for ROE during H1/2022

The Al Ahli Bank of Kuwait came first on the First Bank index of Return on Equity (ROE) with a growth rate of 17.62%:

The Al Ahli Bank of Kuwait was ranked first according to the return on shareholders' equity ratio calculated by First Bank index with an ROE of 17.62 percent during the first half of 2022.

The main reason behind the high ROE of Al Ahli Bank of Kuwait - Egypt is achieving a leap in its profits under the leadership of Khaled Al-Salawi.

The analysis, which included 20 banks operating in the Egyptian banking sector, revealed that all the banks achieved positive ROEs due to their success in achieving net profits during the first half of this year.

The return on shareholders’ equity ratio shows how much money is returned to the owners as a percentage of the money they have invested or retained in the Bank. The higher the percentage, the more money is being returned to investors. This ratio helps business owners and financing professionals determine the bank’s financial health.

 The Abu Dhabi Islamic Bank was ranked second according to the return on shareholders' equity ratio calculated by First Bank index with an ROE of 14.41 percent during the first half of 2022, followed by Commercial International Bank with an ROE of 12.68 during the same period.

The Housing and Development Bank ranked fourth, after achieving a rate of return on average equity of 12.87% during the first half of 2022, while Al Baraka Islamic Bank ranked fifth with ROE of 12.42% during the same period

And Credit Agricole Egypt ranked sixth after achieving ROE of 11.84%, followed by Faisal Islamic Bank of Egypt by 10.04%, and QNB Al-Ahly Bank by 9.62% during the first half of 2022.

Ahli United Bank came in ninth place with ROE of 9.61% during the first half of this year, followed by Alex Bank with a rate of 9.07% during the same period.

The ratings mentioned in the above analysis are in accordance with the independent financial statements announced by each bank at the end of the first half of 2022.