HD bank, ADIB, and CIB, Top listed Banks in Return on Shareholder's Equity during 9M-2024

First Bank List Of The Most Efficient listed Banks In Terms Of Return On Average Equity (ROE) Revealed That Housing And Development Bank-HD Bank Topped The List With A Rate Of 60.06%, After Achieving A Net Profit Of EGP 8.271 Bn During the first 9M of 2024.

The List, Including 11 Banks Listed On The Egyptian Stock Exchange, Showed All Banks Achieving Positive Rates In Return On Average Equity, Reflecting Their Success In Varying Profit Levels And No Losses During The Financial Period From January To September 2024.

ROE Indicates Banks’ Ability To Invest Shareholders’ Equity To Achieve Suitable Profit Levels During The Analysis Period, With Higher Returns Indicating The Banks’ Efficiency In Investing Their Shares To Achieve Appropriate Profit Levels.

Abu Dhabi Islamic Bank – Egypt (ADIB) Secured the Second Position With A Return On Average Equity Of 52.09%, Having Earned A Net Profit Of EGP 6.653 Bn during the first 9M of 2024.

CIB secured the third position. Both banks achieved a return on average equity of 49.83%, with CIB earning a net profit of EGP 42.557 Bn during the first 9M of 2024.

Credit Agricole Claimed the Fourth Position with A Return On Average Equity Of 47.41%, Having Achieved A Net Profit Of EGP 6.060 Bn during the first 9M of 2024.

Suez Canal Bank Took the Fifth Position With A Return On Average Equity Of 43.89%, Having Achieved A Net Profit Of EGP 3.122 Bn during the first 6 months of the current year.

It’s Worth Noting That All The Values And Return Rates Mentioned In The Analysis Are Based On Separate Financial Statements Declared By Each Bank At The End Of September 2024.