HD Bank, CIB, and, QNB top listed banks in Capital Adequacy ratio by September 2024 end

The List Of First Bank For The Best Banks Listed In Capital Adequacy Ratio At The End Of September 2024 Revealed The Leadership Of HD Bank, After It Recorded A Capital Adequacy Ratio Of 30.30%.

The List, Which Included 11 Banks Listed On The Egyptian Stock Exchange, Revealed The Ability Of 6 Listed Banks To Achieve A Capital Adequacy Ratio That Exceeds The Prevailing Average In The Banking Sector, Which Amounted To 18.6% At The End Of June 2024, Which Was Revealed By The Latest Statistical Bulletin Issued By The Central Bank Of Egypt.

All Listed Banks Succeeded In Exceeding The Minimum Limit Set By The Central Bank For The Capital Adequacy Ratio, Which Is 12.5%, After The Local Banks Continued To Support The Capital Adequacy Ratios With Them, At The End Of June 2024, As Part Of Their Constant Endeavor To Apply The Best International Practices And Requirements Of Basel.

Capital Adequacy Ratio Expresses The Ratio Of The Components Of The Bank’s Capital To Its Risk-Weighted Assets, And Shows The Relationship Between The Source Of Capital And The Risks Surrounding The Bank’s Assets And Any Other Operations.

It Is A Tool For Measuring The Bank’s Solvency, I.E. Its Ability To Meet Its Obligations And Face Any Losses That May Occur In The Future, With The Aim Of Protecting The Bank, Depositors And Other Lenders.

CIB Came In second Place After It Recorded A Capital Adequacy Ratio Of About 29.10% At The End Of September 2024.

QNB Ranked third With A Ratio Of 23.55% At The End Of September 2024, Followed By Faisal Islamic Bank With A Capital Adequacy Ratio Of 22.98% At The End Of September 2024.

Crédit Agricole Was Able To Obtain The fifth Place After It Recorded A Capital Adequacy Ratio Of 20.05% At The End Of September 2024 Followed By saib With A Capital Adequacy Ratio Of 19.32% At The End Of September 2024.

EGBANK Came In seventh Place With A Capital Adequacy Ratio Of 18.52%, followed by Al Baraka Bank With A Capital Adequacy Ratio Of 17.54% by the end of September 2024.

It Is Worth Noting That All The data Mentioned In The Analysis Above Are According To Separate Financial Statements Announced By Each Bank At The End Of September 2024.