First Bank List Has Revealed the Fastest-Growing Banks in Shareholders Equity during The first half of the cur

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AAIB, saib, and ABK- Egypt Fastest-Growing Banks in Shareholders' Equity during H1-2024

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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
arab african international bank
117.642 Billion pounds 70.956 Billion pounds 65.8 %
2 SAIB BANK
SAIB BANK
18.607 Billion pounds 12.362 Billion pounds 50.52 %
3 Al Ahli Bank of Kuwait Egypt -ABK Egypt
Al Ahli Bank of Kuwait Egypt -ABK Egypt
13.337 Billion pounds 9.39 Billion pounds 42.03 %
4 Faisal Islamic Bank of Egypt
Faisal Islamic Bank of Egypt
32.952 Billion pounds 24.867 Billion pounds 32.51 %
5 Commercial International Bank-CIB
Commercial International Bank-CIB
118.212 Billion pounds 90.3 Billion pounds 30.91 %
6 Abu Dhabi Islamic Bank-ADIB Egypt
Abu Dhabi Islamic Bank-ADIB Egypt
17.983 Billion pounds 13.93 Billion pounds 29.1 %
7 Suez Canal Bank
Suez Canal Bank
9.775 Billion pounds 7.813 Billion pounds 25.11 %
8 Al Ahli united bank Egypt
Al Ahli united bank Egypt
16.402 Billion pounds 13.23 Billion pounds 23.98 %
9 Abu Dhabi Commercial Bank Egypt- ADCB
Abu Dhabi Commercial Bank Egypt- ADCB
11.342 Billion pounds 9.233 Billion pounds 22.84 %
10 Emirates NBD Egypt
Emirates NBD Egypt
14.242 Billion pounds 11.604 Billion pounds 22.73 %
11 Attijariwafa Bank Egypt
Attijariwafa Bank Egypt
10.14 Billion pounds 8.447 Billion pounds 20.04 %
12 NBK Egypt
NBK Egypt
17.844 Billion pounds 14.896 Billion pounds 19.79 %
13 Housing and Development Bank-HDB
Housing and Development Bank-HDB
18.174 Billion pounds 15.357 Billion pounds 18.34 %
14 Credit Agricole Egypt
Credit Agricole Egypt
17.133 Billion pounds 14.493 Billion pounds 18.22 %
15 EGBANK
EGBANK
8.562 Billion pounds 7.39 Billion pounds 15.86 %
16 Qatar National Bank-QNB
Qatar National Bank-QNB
74.882 Billion pounds 64.702 Billion pounds 15.73 %
17 Arab Investment Bank- aiBANK
Arab Investment Bank- aiBANK
7.466 Billion pounds 6.47 Billion pounds 15.39 %
18 Export Development Bank of Egypt-EBank
Export Development Bank of Egypt-EBank
15.832 Billion pounds 13.726 Billion pounds 15.34 %
19 Bank of Alexandria-Alex Bank
Bank of Alexandria-Alex Bank
22.775 Billion pounds 19.77 Billion pounds 15.2 %
20 Banque Du Caire-BDC
Banque Du Caire-BDC
37.334 Billion pounds 32.765 Billion pounds 13.94 %
21 Arab Banking Corporation- ABC
Arab Banking Corporation- ABC
9.283 Billion pounds 8.193 Billion pounds 13.3 %
22 alBaraka Bank Egypt
alBaraka Bank Egypt
10.773 Billion pounds 9.735 Billion pounds 10.66 %