CIB, and HD Bank, top listed banks in Capital Adequacy ratio by June 2024 end

The List Of First Bank For The Best Banks Listed In Capital Adequacy Ratio At The End Of March 2024 Revealed The Leadership Of Commercial International Bank-CIB, After It Recorded A Capital Adequacy Ratio Of 26.20%, Followed By HD Bank With A Capital Adequacy Ratio Of 25.49% At The End Of June 2024.

The List, Which Included 11 Banks Listed On The Egyptian Stock Exchange, Revealed The Ability Of 6 Listed Banks To Achieve A Capital Adequacy Ratio That Exceeds The Prevailing Average In The Banking Sector, Which Amounted To 18.1% At The End Of March 2024, Which Was Revealed By The Latest Statistical Bulletin Issued By The Central Bank Of Egypt.

All Listed Banks Succeeded In Exceeding The Minimum Limit Set By The Central Bank For The Capital Adequacy Ratio, Which Is 12.5%, After The Local Banks Continued To Support The Capital Adequacy Ratios With Them, At The End Of June 2024, As Part Of Their Constant Endeavor To Apply The Best International Practices And Requirements Of Basel.

Capital Adequacy Ratio Expresses The Ratio Of The Components Of The Bank’s Capital To Its Risk-Weighted Assets, And Shows The Relationship Between The Source Of Capital And The Risks Surrounding The Bank’s Assets And Any Other Operations.

It Is A Tool For Measuring The Bank’s Solvency, I.E. Its Ability To Meet Its Obligations And Face Any Losses That May Occur In The Future, With The Aim Of Protecting The Bank, Depositors And Other Lenders.

Faisal Islamic Bank Came In Third Place After It Recorded A Capital Adequacy Ratio Of About 23.38% At The End Of June 2024.

QNB AL AHLI Ranked Fourth With A Ratio Of 22.55% At The End Of June 2024, Followed By Credit Agricole With A Capital Adequacy Ratio Of 20.1% At The End Of June 2024.

saib Was Able To Obtain The Sixth Place After It Recorded A Capital Adequacy Ratio Of 19.45% At The End Of June 2024 Followed By EGBANK With A Capital Adequacy Ratio Of 16.99% At The End Of June 2024.

alBaraka Came In Eight Place With A Capital Adequacy Ratio Of 16.72% during the first 6 months of the current year, Followed By EBank With A Capital Adequacy Ratio Of 15.77% At The End Of June 2024.

ADIB Egypt Come In Tenth Place With A Capital Adequacy Ratio Of 15.68%, Followed By SC Bank With A Ratios Of 14.59% At The End Of June 2024.

It Is Worth Noting That All The data Mentioned In The Analysis Above Are According To Separate Financial Statements Announced By Each Bank At The End Of June 2024.