SC Bank, saib, and Faisal Islamic Bank, fastest growing listed banks in net profits in H1-2024
First Bank
According To First Bank List Of The Fastest-Growing Listed Banks In Net Profits during H1 in the current year, SC Bank Topped The List With A Growth Rate Of 187.85%, Achieving A Net Profit Of EGP 1.81 bn in H1-2024, compared to EGP 628.04 mn during the same period of 2023.
The List, Which Included 11 Banks Listed On The Egyptian Stock Exchange, Revealed Positive Growth Rates In The Net Profits Of All Banks During The same Period From January To June.
saib Secured The Second Position, With Its Net Profits Rising By 163.20 %, To Reach EGP 986.83 Bn during H1-2024, Compared To EGP 374.93 Bn During The same Period of 2023.
The Third Position Went To Faisal Islamic Bank of Egypt, Achieving A Growth Rate Of 142.49% And Recording EGP 6.55 bn In Net Profits during H1-2024, Compared To EGP 2.70 bn In H1-2023.
Abu Dhabi Islamic Bank-Egypt Claimed The Fourth Position, With A Growth Rate Of 115.18%, Attaining A Net Profit Of EGP 4.49 Bn during H1-2024, Compared To EGP 2.09 Bn In H1-2023.
CIB Secured The Fifth Position, With An 95.73% Growth In Net Profits, Reaching EGP 27.68 Bn during H1-2024, Compared To EGP 14.14 Bn In 2022 In H1-2023,followed by EBank With A Growth Rate Of 93.03% during the same period.
It’s Worth Noting That All Values And Growth Rates Mentioned In The Analysis Are Based On Separate Declared Financial Statements Of Each Bank By The End June 2024.
Fastest growing listed banks in net profits during H1-2024
| # | Bank Name | net profits during H1-2024 | net profits during H1-2023 | Growth rate % |
|---|---|---|---|---|
| 1 |
Suez Canal Bank |
1.808 Billion pounds | 628.042 Million pounds | 187.85 % |
| 2 |
SAIB BANK |
986.831 Million pounds | 374.934 Million pounds | 163.2 % |
| 3 |
Faisal Islamic Bank of Egypt |
6.552 Billion pounds | 2.702 Billion pounds | 142.49 % |
| 4 |
Abu Dhabi Islamic Bank-ADIB Egypt |
4.492 Billion pounds | 2.088 Billion pounds | 115.18 % |
| 5 |
Commercial International Bank-CIB |
27.683 Billion pounds | 14.144 Billion pounds | 95.73 % |
| 6 |
Export Development Bank of Egypt-EBank |
2.317 Billion pounds | 1.2 Billion pounds | 93.03 % |
| 7 |
EGBANK |
1.234 Billion pounds | 656.948 Billion pounds | 87.84 % |
| 8 |
Qatar National Bank-QNB  |
13.304 Billion pounds | 8.212 Billion pounds | 62 % |
| 9 |
Housing and Development Bank-HDB |
5.158 Billion pounds | 3.015 Billion pounds | 71.08 % |
| 10 |
Credit Agricole Egypt |
4.198 Billion pounds | 2.509 Billion pounds | 67.32 % |
| 11 |
alBaraka Bank Egypt |
1.336 Million pounds | 1.02 Billion pounds | 31 % |
