Faisal Islamic Bank, SC Bank, and saib, fastest growing listed banks in net profits in 9M-2024
First Bank
According To First Bank List Of The Fastest-Growing Listed Banks In Net Profits during the first 9M in the current year, Faisal Islamic Bank Topped The List With A Growth Rate Of 139.54%, Achieving A Net Profit Of EGP 8.318 bn in 9M-2024, compared to EGP 3.472 bn during the same period of 2023.
The List, Which Included 11 Banks Listed On The Egyptian Stock Exchange, Revealed Positive Growth Rates In The Net Profits Of All Banks During The same Period From January To September.
Suez Canal Bank Secured The Second Position, With Its Net Profits Rising By 130.07%, To Reach EGP 3.122 Bn during 9M-2024, Compared To EGP 1.357 Bn During The same Period of 2023.
The Third Position Went To saib, Achieving A Growth Rate Of 117.91% And Recording EGP 1.282 bn In Net Profits during 9M-2024, Compared To EGP 588.431 mn In 9M-2023.
CIB Claimed The Fourth Position, With A Growth Rate Of 95.83%, Attaining A Net Profit Of EGP 42.557 Bn during 9M-2024, Compared To EGP 21.732 Bn In 9M-2023, with an increase of EGP 20.825 bn
Abu Dhabi Islamic Bank-Egypt Secured The Fifth Position, With An 94.43% Growth In Net Profits, Reaching EGP 6.652 Bn during 9M-2024, Compared To EGP 3.421 Bn In 2022 In 9M-2023. It’s Worth Noting That All Values And Growth Rates Mentioned In The Analysis Are Based On Separate Declared Financial Statements Of Each Bank By The End September 2024.
fastest listed banks in terms of net profit during 9M- 2024
| # | Bank Name | net profit during 9M- 2024 | net profit during 9M- 2023 | growth rate% |
|---|---|---|---|---|
| 1 |
Faisal Islamic Bank of Egypt |
8.318 Billion pounds | 3.472 Billion pounds | 139.85 % |
| 2 |
Suez Canal Bank |
3.122 Billion pounds | 1.357 Billion pounds | 130.7 % |
| 3 |
SAIB BANK |
1.282 Billion pounds | 588.431 million pounds | 117 % |
| 4 |
Commercial International Bank-CIB |
42.557 Billion pounds | 21.73 Billion pounds | 95.8 % |
| 5 |
Abu Dhabi Islamic Bank-ADIB Egypt |
6.65 Billion pounds | 3.42 Billion pounds | 94.4 % |
| 6 |
Housing and Development Bank-HDB |
8.27 Billion pounds | 4.41 Billion pounds | 87.15 % |
| 7 |
EGBANK |
1.93 Billion pounds | 1.046 Billion pounds | 84.5 % |
| 8 |
Export Development Bank of Egypt-EBank |
3.88 Billion pounds | 2.15 Billion pounds | 80.09 % |
| 9 |
Qatar National Bank-QNB  |
19.38 Billion pounds | 11.91 Billion pounds | 62.63 % |
| 10 |
Credit Agricole Egypt |
6.06 Billion pounds | 3.8 Billion pounds | 59.23 % |
| 11 |
alBaraka Bank Egypt |
2.225 Billion pounds | 1.6 Billion pounds | 38.46 % |
