saib, ABK-Egypt, and AAIB Top Fastest-growing banks in Net profits during Q1-2024

First Bank Released A List Of The Fastest-Growing Banks In Terms Of Net Profits During The first quarter of the current Year. The List Revealed that saib topped the List, Achieving A Growth Rate Of 238% In Its Net Profits, Reaching EGP 581 mn During the first quarter of 2024, Compared To EGP 172 mn During Q1- 2023.

The List, Which Included 22 Banks in The Egyptian Banking Sector, Analyzed Financial Data Provided By These Banks For The Period. It Showed That All the Banks Achieved Positive Growth Rates In Their Net Profits From January To March 2024.

Al Ahli Bank of Kuwait - Egypt Secured The Second Position After Achieving A Growth Rate Of 189.13% In Its Net Profits, Reaching EGP 3.19 Bn During the first quarter of 2024, Compared To EGP 1.10 Bn During the first quarter of 2023.

AAIB Claimed The Third Position On The List, With Its Net Profits Jumping By A Growth Rate Of 183.88%, Reaching EGP 3.51Bn During the first 3 months of 2024, Compared To EGP 1.24 Bn During Q1- 2023.

Faisal Islamic Bank Secured The Fourth Position, With A Growth Rate Of 179.79%, Recording Net Profits Of EGP 6 Bn During the first quarter of 2024, Compared To EGP 2.15 Bn During the first quarter of 2023.

aiBANK Claimed The Fifth Position With A Growth Rate Of 171.56%, Recording Net Profits Of EGP 475 Mn During the first quarter of 2024, Compared To EGP 175 Mn During the first quarter of 2023.

ADCB Egypt Achieved the Sixth Position With A Growth Rate Of 160.57%, Generating Net Profits Of EGP 910 mn during the first quarter of 2024, Compared To EGP 349mn During the first quarter of 2023.

Suez Canal Bank Secured The Seventh Position, With A Growth Rate Of 143.65%, Recording Net Profits Of EGP 611 mn During the first quarter of 2024, Compared To EGP 251 Mn During the first quarter of 2023, It Was Followed By Banque Du Caire With A Growth Rate Of 129.45% During The Same Period.

Abu Dhabi Islamic Bank- Egypt Ranked Ninth With A Growth Rate Of 117.33%, Recording Net Profits Of EGP 2.10 Bn During the first quarter of 2024, Compared To EGP 968 mn During the first quarter of 2023.

EBank Came Tenth, With A Growth Rate Of 105.51%, After Achieving Net Profits Of EGP1.03Bn During The First Quarter Of 2024, Compared To EGP502Mn During The First Quarter Of 2023, Followed By CIB With A Growth Rate Of 96.35%, During The Same Period.

It Is Worth Noting That All The Mentioned Values And Growth Rates Are Based On Separate Announced Financial Statements Of Each Bank At The End Of March 2024.