ABK, ADIB and CIB top the best banks on the First Bank financial efficiency index

First Bank

12/9/2024 1:55:18 PM

The First Bank Financial Efficiency Index for the first half of 2024 revealed ABK-Egypt tops with 71.30 points on the index, compared to the sector average of 50 points during the same period, driven by strong growth in its profitability indicators.

The financial efficiency index produced by the First Bank Research Centre measures the Bank's efficiency in two main axes; The first relates to the Bank's ability to achieve strong growth rates in its key portfolios to maintain and develop its market shares in the future, and the second to the Bank's ability to exploit its assets and resources to generate appropriate levels of profits.

The classification included 24 banks operating in the Egyptian banking sector, its financial statements were made available for the first half of 2024.

Returning to the list, ADIB-Egypt ranked second with 58.86 points during the first half of 2024, driven by strong growth in its profitability indices.

CIB ranked third, with 56.70 points on First Bank's financial efficiency index for the first half of 2024, thanks to the remarkable growth in its profitability indicators.

HD Bank came in fourth place with 56.69 points during the first 6 months of 2024, followed by Ahli United Bank of Egypt with a total of 52.53 points during the same period, driven by strong growth in their profitability indicators.

As for the sixth position, Faisal Islamic Bank received 50.29 points on the index in the first half of 2024, driven by the good growth of its profitability indicators.

EGBANK clinched a seventh by 47.53 points during the first half of 2024, underpinned by remarkable growth in its main portfolio.

EBank ranked eighth with 46.42 points during the first half of 2024, driven by strong growth in its main portfolio, followed by Credit Agricole-Egypt with a total of 46.04 points during the same period, supported by significant growth in profitability indicators.

It should be noted that the index according to the banks' separate financial statements for the financial period ending June 2024.

The best banks on the First Bank financial efficiency index

#	Bank Name	Number of major portfolio growth points	Number of Profit Indicators Points	Total number of scored points
1	Al Ahli Bank of Kuwait Egypt -ABK Egypt	24.51 Points	46.79 Points	71.3 Points
2	Abu Dhabi Islamic Bank-ADIB Egypt	26.64 Points	32.21 Points	58.86 Points
3	Commercial International Bank-CIB	22.46 Points	34.24 Points	56.7 Points
4	Housing and Development Bank-HDB	14.94 Points	41.75 Points	56.69 Points
5	Al Ahli united bank Egypt	18.52 Points	34.01 Points	52.53 Points
6	Faisal Islamic Bank of Egypt	16.11 Points	34.18 Points	50.29 Points
7	EGBANK	31.57 Points	15.97 Points	47.53 Points
8	Export Development Bank of Egypt-EBank	26.5 Points	19.93 Points	46.42 Points
9	Credit Agricole Egypt	6.57 Points	39.47 Points	46.04 Points
10	NBK Egypt	20.91 Points	25.02 Points	45.94 Points
11	Suez Canal Bank	24.01 Points	21.84 Points	45.85 Points
12	Banque Misr	21.73 Points	22.03 Points	43.77 Points
13	Bank of Alexandria-Alex Bank	10.57 Points	32.66 Points	43.23 Points
14	arab african international bank	30.55 Points	11.88 Points	42.44 Points
15	National Bank of Egypt-NBE	23.51 Points	18.51 Points	42.02 Points
16	Qatar National Bank-QNB	17.22 Points	23.66 Points	40.88 Points
17	Abu Dhabi Commercial Bank Egypt- ADCB	14.3 Points	25.05 Points	39.35 Points
18	Attijariwafa Bank Egypt	15.22 Points	22.126 Points	22.13 Points
19	SAIB BANK	27.21 Points	8.74 Points	35.95 Points
20	Emirates NBD Egypt	11.18 Points	23.92 Points	35.1 Points
21	BANK NXT	17.96 Points	16.09 Points	34.05 Points
22	alBaraka Bank Egypt	18.14 Points	15.28 Points	33.42 Points
23	Arab Banking Corporation- ABC	11.13 Points	16.41 Points	27.54 Points
24	Banque Du Caire-BDC	7.83 Points	18.25 Points	26.09 Points