ABK Egypt, HD bank, ADIB, Top Banks in Return on Shareholder's Equity during H1-2024

First Bank Has Revealed A List Of Top Banks In Terms Of Achieving Shareholder Equity, Based On The Return On Average Equity Ratio (ROE). ABK - Egypt Topped The List With A Rate Of 37.98% After achieving a net Profit Of EGP 4.315 bn In H1- 2024.

The List, Which Included 22 Banks, Showed That All Banks Achieved Positive ROE. Due To Their Success In Generating Profits At Varying Levels And Not Incurring Any Losses During The Financial Period From January To June 2024.

ROE Reflects Banks' Ability To Invest Shareholders' Equity In Generating Suitable Levels Of Profits During The Analyzed Period. The Higher The Return, The More Efficient The Banks Are In Utilizing Their Shares To Achieve Satisfactory Profit Levels.

According To The List, HD Bank Secured The Second Position With ROE Of 30.77% In H1 2024. The Bank Achieved A Net Profit Of EGP 5.158 bn During The Same Period.

ADIB– Egypt Came Third With ROE Of 28.15% During The First 6 Months Of The Current Year, After Achieving A Net Profit Of EGP 4.49 Bn During H1-2024. CIB and Credit Agricole Egypt Secured The Forth Position With ROE Of 26.55% In H1 Of The Current Year. CIB Achieved A Net Profit Of EGP 27.683 bn During The Same Period, Credit Agricole Egypt Achieved A Net Profit Of EGP 4.198bn during the same period of 2024.

Ahli United Bank ranked Fifth with ROE of 25.49% after achieving a net profit of EGP 3.777 bn during the first half of 2024, followed by Alex Bank with ROE of 23.90% during the same period after achieving a net profit of EGP 5.084 bn during the first half of 2024 As for the Seventh place, obtained by Faisal Islamic Bank after achieving ROE at a rate of 22.66%, while Bank's net profit recorded EGP 6.552 bn during the first half of 2024.

Abu Dhabi Commercial Bank Egypt came ninth with ROE of 20.79% after Bank's net profit reached EGP 2.138 bn during the first half of 2024, followed by Suez Canal Bank with ROE of 20.56% during the same period, after achieving a net profit of EGP 1.808 bn during the first half of 2024 It's Important To Note That All Values And Rates Mentioned In The Analysis Are Based On The separate Announced Financial Statements Of Each Bank By The End Of June 2024.