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

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.