ABK-Egypt, Credit Agricole, and HD Bank Top banks in ROA during H1-2024

First Bank List Of The Most Efficient Banks In Terms Of Return On Average Assets During The first half of the current Year, Revealed ABK-Egypt Leading The List With An Average Return On Assets Of 3.84%, Having Achieved A Net Profit 4.315 Bn During H1- 2024.

The List Included 22 Banks In The Egyptian Banking Sector, All Of Which Achieved Positive Rates In Return On Average Assets, Indicating Their Success In Generating Varying Levels Of Net Profits Without Incurring Any Losses From January To June 2024.

The List Revealed That 10 Banks Operating In The Banking Sector Exceeded The Rate Of Return On Average Assets Set By The Central Bank Of Egypt At 2% In December 2023 According To The Latest Statistical Statement Issued On The Central Bank's Website.

Return On Average Assets Measures Banks’ Efficiency In Investing Their Assets To Achieve Net Profits During The Analyzed Period. The Higher The Return, The More Efficient The Bank Is In Generating Suitable Profit Levels.

The Second Position Was Secured By Credit Agricole, With an Average Return On Assets Of 3.81% During The first half of the current Year, Where The Bank Achieved A Net Profit Of EGP 4.20 Bn During The Same Period.

 HD Bank Came In Third With An Average Return On Assets Of 3.75%, After Recording A Net Profit Of EGP 5.158 Bn During The Same Period.

Faisal Islamic Bank-Egypt Claimed the Fourth Position With An Average Return On Assets Of 3.34% During The first half of this Year, After Achieving A Net Profit Of EGP 6.55 Bn During H1-2024.

Ahli United Bank Secured The Fifth Position On The List, With An Average Return On Assets Of 3.01%, Having Achieved A Net Profit Of EGP 3.777 Bn During H1- 2024.

Alex Bank Took the Sixth Position With An Average Return On Assets Of 2.95% And A Net Profit Of EGP 5.084 Bn During the first half of 2024.

CIB Claimed The Seventh Position With An Average Return On Assets Of 2.94% During The first half of this Year, After Achieving A Net Profit Of EGP 27.68 Bn During H1-2024.

ADIB Egypt Secured The Ninth Position On The List, With An Average Return On Assets Of 2.43%, Having Achieved A Net Profit Of EGP 4.49 Bn During H1- 2024.

It's Worth Noting That All the Values And Rates Of Return On Average Assets Mentioned In The Analysis Are Based On Separate Financial Statements Announced By Each Bank By The End Of June 2024.