saib, Faisal Bank, and CIB, Fastest-growing listed banks in shareholders’ Equity During H1-2024
First Bank
First Bank List Revealed The Fastest-Growing Listed Banks In Shareholders’ Equity During H1 of this Year. saib Topped The List ,With A Growth Rate Of 50.52%, Reaching EGP 18.61 Bn By End Of June 2024 Compared To EGP 12.36 Bn By End Of December 2023.
Shareholders’ Equity Refers To What Remains For Owners After Deducting All Obligations From Total Bank Assets, Reflecting Shareholders’ Equity In The Bank’s Assets. First Bank List Included 11 Banks Listed On The Egyptian Stock Exchange.
The Report Revealed That All Listed Banks Achieved Positive Growth Rates In Their Total Equity Portfolios During The Period From January To June 2024. Faisal Islamic Bank of Egypt Secured The Second Position With A Growth Rate Of 32.51% during H1-2024, Raising Its Total Equity to EGP 32.95 Bn by the end of June 2024, compared to To EGP 24.87 Bn By End Of December 2023.
CIB Claimed The Third Position With A Growth Rate Of 30.91% during H1-2024, after moving from A Total Equity Of EGP 90.30 Bn by the end of December 2023, reaching EGP 118.21 Bn by the end of June 2024.
ADIB-Egypt Took The Fourth Position With A Growth Rate Of 29.10% during H1-2024, Increasing Its Total Equity To EGP 17.98 Bn by the end of June 2024, Compared To EGP 13.93 Bn By the end of December 2023.
SC Bank Secured The Fifth Position, Experiencing A Growth Rate Of 25.11% during H1-2024, Recording EGP 9.78 Bn In Total Equity by the end of June 2024, Compared To EGP 7.81 Bn By the end of December 2023, followed by HD Bank with a growth rate of 18.34% during the same period.
It’s Worth Noting That All Values And Growth Rates Mentioned Are Based On Separate Financial Statements Declared By Each Bank At The End Of June 2024.
Fastest growing listed banks in Equity during H1-2024
| # | Bank Name | Equity during H1-2024 | Equity at the end of 2023 | growth rate % |
|---|---|---|---|---|
| 1 |
SAIB BANK |
18.607 Billion pounds | 12.37 Billion pounds | 50.52 % |
| 2 |
Faisal Islamic Bank of Egypt |
32.952 Billion pounds | 24.867 Billion pounds | 32.51 % |
| 3 |
Commercial International Bank-CIB |
118.212 Billion pounds | 90.3 Billion pounds | 30.91 % |
| 4 |
Abu Dhabi Islamic Bank-ADIB Egypt |
17.983 Billion pounds | 13.93 Billion pounds | 29.1 % |
| 5 |
Suez Canal Bank |
9.775 Billion pounds | 7.813 Billion pounds | 25.11 % |
| 6 |
Housing and Development Bank-HDB |
18.174 Billion pounds | 15.357 Billion pounds | 18.34 % |
| 7 |
Credit Agricole Egypt |
17.133 Billion pounds | 14.493 Billion pounds | 18.22 % |
| 8 |
EGBANK |
8.562 Billion pounds | 7.39 Billion pounds | 15.86 % |
| 9 |
Qatar National Bank-QNB  |
74.882 Billion pounds | 64.702 Billion pounds | 15.73 % |
| 10 |
Export Development Bank of Egypt-EBank |
15.832 Billion pounds | 13.726 Billion pounds | 15.34 % |
| 11 |
alBaraka Bank Egypt |
10.773 Billion pounds | 9.735 Billion pounds | 10.66 % |
