As of March 2024, the return on average assets (ROA) of the Egyptian banking industry reached two percent. This was an increase compared to the 1.2 percent achieved in 2023. Return on asset (ROA) is used to assess profitability in relation to assets.
Return on average assets of the banking industry in Egypt from 2018 to 2024
Return on asset refers to the share of profit in relation to the value of assets. Thus, it is calculated by dividing net income by total assets.Â
The source indicates that for 2018, 2019, 2020, and 2021 the fiscal year ends on June 30 for banks owned publicly, while for private banks was on December 31.
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Central Bank of Egypt. (July 5, 2024). Return on average assets of the banking industry in Egypt from 2018 to 2024 [Graph]. In Statista. Retrieved November 13, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1374102/banks-return-on-asset-egypt/
Central Bank of Egypt. "Return on average assets of the banking industry in Egypt from 2018 to 2024." Chart. July 5, 2024. Statista. Accessed November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1374102/banks-return-on-asset-egypt/
Central Bank of Egypt. (2024). Return on average assets of the banking industry in Egypt from 2018 to 2024. Statista. Statista Inc.. Accessed: November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1374102/banks-return-on-asset-egypt/
Central Bank of Egypt. "Return on Average Assets of The Banking Industry in Egypt from 2018 to 2024." Statista, Statista Inc., 5 Jul 2024, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1374102/banks-return-on-asset-egypt/
Central Bank of Egypt, Return on average assets of the banking industry in Egypt from 2018 to 2024 Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1374102/banks-return-on-asset-egypt/ (last visited November 13, 2024)
Return on average assets of the banking industry in Egypt from 2018 to 2024 [Graph], Central Bank of Egypt, July 5, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1374102/banks-return-on-asset-egypt/
