ABK-Egypt, Faisal Bank, and AUB Egypt: Top banks In return on Shareholders' Equity (ROE) during Q1-2024

First Bank List Of The Most Efficient Banks In Terms Of Return On Average Equity (ROE), Revealed That Al Ahli Bank Of Kuwait – Egypt 'ABK-Egypt' Topped The List With A Rate Of 29.55% After The Bank Recorded A Net Profit Of EGP 3.18 Bn During Q1-2024.

The List Included 22 Banks Operating In The Egyptian Banking Sector, For Which Financial Data For Analysis Was Available. It Showed That All Banks Achieved Positive Rates In The Average Return On Equity, Indicating Their Success In Generating Profits At Varying Levels. None Of These Banks Incurred Losses During The Financial Period From January To March 2024.

ROE Reflects The Banks' Ability To Invest Shareholders' Rights To Achieve Suitable Profit Levels During The Analyzed Period. The Higher the Return, The More Efficient The Banks Are In Investing Their Shares To Achieve Appropriate Profit Levels.

Faisal Islamic Bank Secured The Second Position With A Return On Average Equity Of 21.20%, Having Earned A Net Profit Of EGP 6 Bn During the first quarter of 2024..

Ahli United Bank Claimed The Third Position With A Return On Average Equity Of 19.57%, Having Achieved A Net Profit Of EGP 2.80 Bn During The first quarter of the current year.

The Fourth Position Was Taken By HD Bank With A Return On Equity Of 15.75%, After Earning A Net Profit Of EGP 2.43 Bn During The first quarter of the current year.

Credit Agricole Egypt Secured The Fifth Position With A ROE Of 15.39%, After Achieving A Net Profit Of EGP 2.29 Bn During The first 3 months of 2024.

Abu Dhabi Islamic Bank – Egypt (ADIB) Took Sixth Position With A Return On Average Equity Of 14.24%, Having Achieved A Net Profit Of EGP 2.10 Bn During Q1- 2024.

Commercial International Bank-CIB Secured The Seventh Position With A Return On Average Equity Of 12.56%, After Recording A Net Profit Of EGP 11.95 Bn During The first quarter of the current year, Followed By Alex Bank, With ROE Of 10.59% During The Same Period.

QNB Secured The Ninth Position With ROE Of 10.31%, After Achieving A Net Profit Of EGP 6.85Bn The first quarter of the current year.

ADCB Egypt Took Tenth Position With An Average Return On Equity Rate Of 9.39%, With Its Net Profit Reaching Approximately EGP 909.7 mn During Q1-2024., Followed By Attijariwafa Bank, Emirates NBD Egypt With ROEs Of 9.19%, 9.04% During The Same Period.

It's Worth Mentioning That All The Rates And Values Mentioned In The Analysis Are Based On Separate Financial Statements Announced By Each Bank At The End Of March 2024.