FABMisr, ADCB, Faisal Islamic Bank, and ABK-Egypt Top Fastest-growing banks in Net profits during 9M-2024

First Bank Released A List Of The Fastest-Growing Banks In Terms Of Net Profits During 9M of the current Year. The List Revealed that FABMisr topped the List, Achieving A Growth Rate Of 160% In Its Net Profits, Reaching EGP21.3 bn During 9M of 2024, Compared To EGP 8.2 bn During 9M- 2023.

The List, Which Included 24 Banks in The Egyptian Banking Sector, Analyzed Financial Data Provided By These Banks For The Period. It Showed That All the Banks Achieved Positive Growth Rates In Their Net Profits From January To September 2024.

ADCB Secured The Second Position After Achieving A Growth Rate Of 157.05% In Its Net Profits, Reaching EGP 3.361 bn During 9M of 2024, Compared To EGP1.307 bn During 9M of 2023. 

Faisal Islamic Bank Claimed The Third Position On The List, With Its Net Profits Jumping By A Growth Rate Of 139.54%, Reaching EGP 8.318 Bn During 9M of 2024, Compared To EGP 3.472 bn During 9M-2023. 

Al Ahli Bank of Kuwait - Egypt Secured The Fourth Position, With A Growth Rate Of 130.97%, Recording Net Profits Of EGP5.356 Bn During 9M of 2024, Compared To EGP 2.319 Bn During 9M of 2023. 

SC Bank Claimed The Fifth Position With A Growth Rate Of 130.07%, Recording Net Profits Of EGP 3.122 bn During 9M of 2024, Compared To EGP 1.357 bn During 9M of 2023. 

AAIB Achieved the Sixth Position With A Growth Rate Of 122.62%, recording Net Profits Of EGP 11.462  bn during 9M of 2024, Compared To EGP 5.149 bn During 9M of 2023.

saib Secured The Seventh Position, With A Growth Rate Of 117.91%, Recording Net Profits Of EGP 1.282 bn During 9M of 2024, Compared To EGP 588.431 mn During 9M of 2023. 

ALEXBANK Ranked Eigth With A Growth Rate Of 104.18%, Recording Net Profits Of EGP 8.176 Bn During 9M of 2024, Compared To EGP 4.004 bn During 9M of 2023.  

NBK-Egypt Came Tenth, With A Growth Rate Of 100.97%, After Achieving Net Profits Of EGP 5.173 bn During 9M Of 2024, Compared To EGP 2.574 bn During 9M Of 2023, Followed By CIB With A Growth Rate Of 95.83%, During The Same Period.

It Is Worth Noting That All The Mentioned Values And Growth Rates Are Based On the Announced Financial Statements Of Each Bank At The End Of September 2024.