Egypt: leading banks by capital 2024| ��ƽ��

Leading banks in Egypt as of 2024, by tier 1 capital (in million U.S. dollars)

Characteristic	Value of tier 1 capital in million U.S. dollars
National Bank of Egypt*	7,460
Banque Misr**	5,091
Arab African International Bank**	2,019
Commercial International Bank (CIB)	1,973
QNB Al Ahli	1,630
Banque du Caire	858
First Abu Dhabi Bank Misr**	777
Faisal Islamic Bank of Egypt	673
HSBC Bank Egypt	649
Bank of Alexandria	477
Housing and Development Bank**	372
Société Arabe Internationale de Banque	368
National Bank of Kuwait - Egypt (NBK)	352
Export Development Bank of Egypt	343
Ahli United Bank	325
Abu Dhabi Islamic Bank - Egypt*	313
Crédit Agricole Egypt	302
Al Baraka Bank Egypt**	243
Abu Dhabi Commercial Bank - Egypt	232

Download

Source

Show detailed source information?

Already a member?

Sources

Release date

September 2024

More information

Region

Africa, Egypt

Survey time period

December 2023

Supplementary notes

* As of June 2023.
** As of December 2022.

The source adds the following information: "The ranking for the Top 100 Banks survey uses Tier 1 capital which consists of capital + reserves + retained earnings+ minority interests. The figures in local currencies are converted into US dollars at the foreign exchange rates on 31 December 2021 or on the year-end date in the results. Data comes from Bankers’ Almanac and from African Business inhouse research. We have excluded some banks where data is old or unreliable".

Citation formats

The National Bank of Egypt was the leading banking service provider in Egypt in terms of its tier 1 capital. In 2022, the bank's capital reached about 7.5 billion U.S. dollars. Banque Misr followed with capital worth five billion U.S. dollars. Arab African International Bank and Commercial International Bank (CIB) ranked third and fourth, with tier 1 capital of around 2.01 and 1.9 billion U.S dollars, respectively.

Assets and financial investment measurement

A closer look at Egypt’s leading banks’ portfolio reveals that Banque Misr has the largest profit margin out of the banks under review. It reported a profit of close to 1.49 billion U.S. dollars in late 2021. However, the National Bank of Egypt had the highest value in assets, with 167.41 billion U.S. dollars in June 2021. Interestingly, other financial measurements, such as return on equity, showed a different picture regarding leading banks. The highest return on equity shares are Abu Dhabi Islamic Bank Egypt at 33 percent and Crédit Agricole Egypt at 32 percent. ROE measures a company's profitability relative to shareholders' equity. A high ROE means higher profits per dollar of equity, and banks rely on equity to support lending. Therefore, a high ROE indicates higher profitability relative to capital invested, which institutions can use to absorb potential losses.

A slow but growing banking infrastructure

As of 2021, approximately 30 percent of adults in Egypt had a bank or financial institution account. Bank penetration in the country saw significant growth over the past decade but experienced a decrease between 2017 and 2021. Nevertheless, Egypt’s banking infrastructure has steeply increased. There were over 29 ATMs per 100,000 adults in Egypt in 2022. The country registered an annual increase in ATM penetration during the observed period, with the most significant growth occurring in 2021. Similarly, the number of commercial bank branches in Egypt increased annually between 2005 and 2021, dropping only in 2022, with the latter recording around 4,630 branches. Moreover, there was an increase of over 1,000 branches in 2019.