ADIB, AlBarakaa, HDB on top of First Bank index for ROE during 9M-22

ADIB came first on the First Bank index of Return on Equity (ROE) with a growth rate of 21.30%:

The Abu Dhabi Islamic Bank was ranked was ranked first among listed banks according to the return on shareholders' equity efficiency ratio calculated by First Bank index with an ROE of 21.30% percent during the first half of 2022, followed by

It was followed by AlBaraka Bank Egypt on the second place with an ROE of 19.20% during the same period.

The analysis, which included 11 banks operating in the Egyptian banking sector and listed on the EGX, revealed that all the banks achieved positive ROEs due to their success in achieving net profits during the first 9 month of this year

The return on shareholders' equity ratio demonstrates how much money is returned to the shareholders as a percentage of the money they invested or retained in the bank. The higher the percentage, the greater the amount of money returned to investors. This ratio assists business owners and financial professionals in determining the bank's financial stability.

The Housing and Development Bank third  fourth, after achieving a rate of return on average equity of 18.45% during the first half of 2022, followed by Commercial International Bank (CIB) on fourth place with an ROE of 18.29 percent during the first half of 2022.

However, Credit Agricole Egypt ranked fifth with ROE of 18.20 % during the same period and the Suez Canal Bank ranked sixth after achieving ROE of 15.42% during the first 9 months of 2022.

The ratings mentioned in the above analysis are in accordance with the independent financial statements announced by each bank at the end of the first half of 2022.