AAIB, saib, and ABK- Egypt Fastest-Growing Banks in Shareholders' Equity during H1-2024
First Bank
First Bank List Has Revealed the Fastest-Growing Banks in Shareholders' Equity during The first half of the current year, Arab African international Bank - AAIB Topped The List With A Growth Rate Of 65.80%. The Bank's Total Shareholders' Equity Reached EGP 117.61 Bn By The End Of June 2024, Compared To EGP 70.96 Bn By The End Of June 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 June 2024.
Returning To the List, saib Ranked second, With A Growth Rate Of 50.52% during The first half of the current year, Reaching EGP 18.61 Bn By The End Of June 2024, Compared To EGP 12.37 Bn By The End Of December 2023.
ABK-Egypt, Secured Third Place With A Growth Rate Of 42.03% during The first half of the current year. Its Total Shareholders' Equity Reached EGP 13.34Bn By The End Of June 2024, Compared To EGP 9.39 Bn By The End Of December 2023.
Faisal Bank, Secured the Fourth Position with A Growth Rate Of 32.51% during the first half of the current year. Its Total Shareholders' Equity Stood At EGP 32.95 Bn By The End Of June 2024, Compared To EGP 24.87 Bn By The End Of December 2023.
Commercial international Bank-CIB, Come In Fifth Position With A Growth Rate Of 30.91% During the first half of the current year. Its Total Shareholders' Equity Stood At EGP 118.21 Bn By The End Of June 2024, Compared To EGP 90.30 Bn By The End Of December 2023.
ADIB Egypt, Secured Sixth Place With A Growth Rate Of 29.10% during The first 6 months of the current year. Its Total Shareholders' Equity Reached EGP 17.98Bn By the End Of June 2024, Compared To EGP 13.93 Bn By The End Of December 2023.
Suez Canal Bank Claimed The Seventh Position With A Growth Rate Of 25.11%. Its Total Shareholders' Equity Reached EGP 9.78 Bn by The End Of June 2024, Compared To EGP 7.81 Bn By The End Of December 2023, Following Ahli United Bank- Egypt With A Growth Rate Of 23.98% During The Same Period.
ADCB Egypt, Secured Ninth Place With A Growth Rate Of 22.84% during The first 6 months of the current year. Its Total Shareholders' Equity Reached EGP 11.34Bn By the End Of June 2024, Compared To EGP 9.23 Bn By The End Of December 2023.
Emirates NBD – Egypt Secured The Tenth Position With A Growth Rate Of 22.73% during The first 3 months of the current year. Its Total Shareholders' Equity Reached EGP 14.24 Bn By The End Of June 2024, Compared To EGP11.60Bn By The End Of December 2023.
It Is Worth Noting That All the Mentioned Values and Growth Rates Above Based On Separate Announced Financial Statements Of Each Bank As Of June 2024.
Fastest growing banks in shareholders Equity during H1-2024
# | Bank Name | Equity during H1-2024 | Equity during 2023 | growth rate |
---|---|---|---|---|
1 | arab african international bank | 117.642 Billion pounds | 70.956 Billion pounds | 65.8 % |
2 | SAIB BANK | 18.607 Billion pounds | 12.362 Billion pounds | 50.52 % |
3 | Al Ahli Bank of Kuwait Egypt -ABK Egypt | 13.337 Billion pounds | 9.39 Billion pounds | 42.03 % |
4 | Faisal Islamic Bank of Egypt | 32.952 Billion pounds | 24.867 Billion pounds | 32.51 % |
5 | Commercial International Bank-CIB | 118.212 Billion pounds | 90.3 Billion pounds | 30.91 % |
6 | Abu Dhabi Islamic Bank-ADIB Egypt | 17.983 Billion pounds | 13.93 Billion pounds | 29.1 % |
7 | Suez Canal Bank | 9.775 Billion pounds | 7.813 Billion pounds | 25.11 % |
8 | Al Ahli united bank Egypt | 16.402 Billion pounds | 13.23 Billion pounds | 23.98 % |
9 | Abu Dhabi Commercial Bank Egypt- ADCB | 11.342 Billion pounds | 9.233 Billion pounds | 22.84 % |
10 | Emirates NBD Egypt | 14.242 Billion pounds | 11.604 Billion pounds | 22.73 % |
11 | Attijariwafa Bank Egypt | 10.14 Billion pounds | 8.447 Billion pounds | 20.04 % |
12 | NBK Egypt | 17.844 Billion pounds | 14.896 Billion pounds | 19.79 % |
13 | Housing and Development Bank-HDB | 18.174 Billion pounds | 15.357 Billion pounds | 18.34 % |
14 | Credit Agricole Egypt | 17.133 Billion pounds | 14.493 Billion pounds | 18.22 % |
15 | EGBANK | 8.562 Billion pounds | 7.39 Billion pounds | 15.86 % |
16 | Qatar National Bank-QNB | 74.882 Billion pounds | 64.702 Billion pounds | 15.73 % |
17 | Arab Investment Bank- aiBANK | 7.466 Billion pounds | 6.47 Billion pounds | 15.39 % |
18 | Export Development Bank of Egypt-EBank | 15.832 Billion pounds | 13.726 Billion pounds | 15.34 % |
19 | Bank of Alexandria-Alex Bank | 22.775 Billion pounds | 19.77 Billion pounds | 15.2 % |
20 | Banque Du Caire-BDC | 37.334 Billion pounds | 32.765 Billion pounds | 13.94 % |
21 | Arab Banking Corporation- ABC | 9.283 Billion pounds | 8.193 Billion pounds | 13.3 % |
22 | alBaraka Bank Egypt | 10.773 Billion pounds | 9.735 Billion pounds | 10.66 % |