CIB ranked Egypt most efficient bank

The financial news outlet Business News recently released a number of performance indicators for Egyptian banks measuring their levels of growth and efficiency, reflecting their potential to seize new market shares at a time of shifting economic circumstances.

The Commercial International Bank (CIB) was ranked as Egypt’s most efficient bank, due to its strong average returns on assets and high shareholder returns. The bank’s ability to keep its level of non-performing loans within safe limits while keeping operational costs under control also helped it to achieve its high ranking.

Meanwhile the Egyptian Gulf Bank was ranked highest by Business News in terms of fastest yearly growth, with its reported asset growth increasing 29% year on year.

Ranking banks by pace of growth and rate of efficiency came as part of an attempt by Business News’ research team to provide specialised financial services to businesses and industries working in a number of sectors. Such statistics can be found at the company’s online database, www.showmethefunds.com, which seeks to provide banking analysis based on measurements of risk and performance on returns.

The report also seeks to objectively provide analysis on the strengths of various banks seeking to obtain larger shares of the Egyptian market.