AAIB, saib, and ABK- Egypt Fastest-Growing Banks in Shareholders' Equity during Q1-2024

First Bank List Has Revealed the Fastest-Growing Banks in Shareholders' Equity during The first quarter of the current year, arab African international Bank - AAIB Topped The List With A Growth Rate Of 60.83%. The Bank's Total Shareholders' Equity Reached EGP 114.12 Bn By The End Of March 2024, Compared To EGP 70.96 Bn By The End Of March 2023.

First Bank List Identified Shareholders' Equity In 22 Banks Operating In The Egyptian Banking Sector For Which Data Was Available During The Analysis Period. It Showed That All Banks Achieved Positive Growth Rates In Their Total Shareholders’ Equity, During The Period From January To March 2024.

Returning To The List, saib Ranked second, With A Growth Rate Of 44.69% during The first quarter of the current year, Reaching EGP 17.90 Bn By The End Of March 2024, Compared To EGP 12.37 Bn By The End Of December 2023.

ABK-Egypt, Secured Third Place With A Growth Rate Of 29.58% during The first quarter of the current year. Its Total Shareholders' Equity Reached EGP 12.17Bn By The End Of March 2024, Compared To EGP 9.39 Bn By The End Of December 2023.

Faisal Bank, Secured the Fourth Position with A Growth Rate Of 27.72% during the first quarter of the current year. Its Total Shareholders' Equity Stood At EGP 31.76 Bn By The End Of March 2024, Compared To EGP 24.87 Bn By The End Of December 2023.

Ahli United Bank - Egypt, Come In Fifth Position With A Growth Rate Of 15.90% the first quarter of this year. Its Total Shareholders' Equity Stood at EGP 15.33 Bn By The End Of March 2024, Compared To EGP 13.23 Bn By The End Of December 2023, Following ADIB Egypt With A Growth Rate Of 12.10% During The Same Period.

Commercial international Bank-CIB, Come In Seventh Position With A Growth Rate Of 10.63% During the first quarter of the current year. Its Total Shareholders' Equity Stood At EGP 99.90 Bn By The End Of March 2024, Compared To EGP 90.30 Bn By The End Of December 2023.

Suez Canal Bank Claimed The Eighth Position With A Growth Rate Of 10.21%. Its Total Shareholders' Equity Reached EGP 8.61 Bn By The End Of March 2024, Compared To EGP 7.81 Bn By The End Of December 2023.

ADCB Egypt, Secured Ninth Place With A Growth Rate Of 9.75% during The first 3 months of the current year. Its Total Shareholders' Equity Reached EGP 10.13Bn By the End Of March 2024, Compared To EGP 9.23 Bn By The End Of December 2023.

Attijariwafa Bank Secured The Tenth Position With A Growth Rate Of 8.67% during The first 3 months of the current year. Its Total Shareholders' Equity Reached EGP 9.18 Bn By The End Of March 2024, Compared To EGP 8.45Bn By The End Of December 2023, Following Emirates NBD – Egypt, and EGBANK With Growth Rates Of 8.46%, 6.84% during The Same Period.

It Is Worth Noting That All the Mentioned Values and Growth Rates Above Based On Separate Announced Financial Statements Of Each Bank As Of March 2024.