With a slight difference from Alexandria Bank, HSBC Bank took second place, depriving it of the top spot due to the low Loan-to-Deposit Ratio, which exceeded EGP 151.1bn in loans of EGP 40.9bn. Despite its profits qualifying it as the second-highest bank in return on average assets and average equity.

The bank achieved a net profit of EGP 5.5bn last year, supported by core operational activity, which contributed around EGP 10bn in revenues, in addition to about EGP 516m in trading net income and around EGP 462m in other revenues, mostly valuation differences in currency and the release of other allowances.

The Central Bank ranked fourth in the net interest margin index at a rate of 6.1%, with a net income of around EGP 8.7bn and average assets generating returns of EGP 142.5bn.

The bank reduced the levels of irregular loans to 5.22% of the loan portfolio last year, down from 9.22% in 2021, ranking 19th among 26 banks in the asset quality index.

The bank secured the second position in the tier-1 capital adequacy index with a rate of 23.98%, as assets, after being weighted for risks, represented about 40.7% of total assets. The bank invests about 31% of its assets in government bonds and securities, mostly bonds. Additionally, 23.6% of assets are held with the central bank.