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.
Top Fastest-growing banks in Net profits during 9M-2024
| # | Bank Name | Net Profits during 9M of 2024 | Net Profits during 9M- 2023 | growth rate % |
|---|---|---|---|---|
| 1 |
First Abu Dhabi Bank Egypt-FAB |
21.3 Billion pounds | 8.2 Billion pounds | 160 % |
| 2 |
Abu Dhabi Commercial Bank Egypt- ADCB |
3.361 Billion pounds | 1.307 Billion pounds | 157.05 % |
| 3 |
Faisal Islamic Bank of Egypt |
8.318 Billion pounds | 3.472 Billion pounds | 139.54 % |
| 4 |
Al Ahli Bank of Kuwait Egypt -ABK Egypt |
5.356 Billion pounds | 2.319 Billion pounds | 130.97 % |
| 5 |
Suez Canal Bank |
3.122 Billion pounds | 1.357 Billion pounds | 130.07 % |
| 6 |
arab african international bank |
11.462 Billion pounds | 5.149 Billion pounds | 122.62 % |
| 7 |
SAIB BANK |
1.282 Billion pounds | 588.431 Million pounds | 117.91 % |
| 8 |
Bank of Alexandria-Alex Bank |
8.176 Billion pounds | 4.004 Billion pounds | 104.18 % |
| 9 |
NBK Egypt |
5.173 Billion pounds | 2.574 Billion pounds | 100.97 % |
| 10 |
Commercial International Bank-CIB |
42.557 Billion pounds | 21.732 Billion pounds | 95.83 % |
| 11 |
Abu Dhabi Islamic Bank-ADIB Egypt |
6.653 Billion pounds | 3.422 Billion pounds | 94.43 % |
| 12 |
Attijariwafa Bank Egypt |
2.762 Billion pounds | 1.426 Billion pounds | 93.62 % |
| 13 |
Banque Du Caire-BDC |
8.64 Billion pounds | 4.543 Billion pounds | 90.17 % |
| 14 |
Housing and Development Bank-HDB |
8.27 Billion pounds | 4.419 Billion pounds | 87.15 % |
| 15 |
EGBANK |
1.93 Billion pounds | 1.046 Billion pounds | 84.5 % |
| 16 |
Export Development Bank of Egypt-EBank |
3.882 Billion pounds | 2.156 Billion pounds | 80.09 % |
| 17 |
The United Bank |
1.919 Billion pounds | 1.079 Billion pounds | 77.74 % |
| 18 |
Al Ahli united bank Egypt |
4.721 Billion pounds | 2.765 Billion pounds | 70.73 % |
| 19 |
BANK NXT |
1.33 Billion pounds | 801.266 Million pounds | 66.01 % |
| 20 |
Qatar National Bank-QNB  |
19.384 Billion pounds | 11.919 Billion pounds | 62.63 % |
| 21 |
Credit Agricole Egypt |
6.06 Billion pounds | 3.806 Billion pounds | 59.23 % |
| 22 |
Emirates NBD Egypt |
4.011 Billion pounds | 2.546 Billion pounds | 57.53 % |
| 23 |
Arab Banking Corporation- ABC |
1.592 Billion pounds | 1.017 Billion pounds | 56 % |
| 24 |
alBaraka Bank Egypt |
2.225 Billion pounds | 1.607 Billion pounds | 38.46 % |
