Al Ahli Bank of Kuwait- Egypt records EGP 5.4 billion Net Profit for the nine – month period ended 30 September 2024
Al Ahli Bank of Kuwait - Egypt reported exceptional growth across all key financial indicators for the nine-month period ended 30 September 2024, recording a notable increase in Net Profit by 131%, reaching EGP 5.4 billion compared to EGP 2.3 billion in the same period last year. Net Interest Income grew by 63% reaching EGP 4.7 billion compared to EGP 2.9 billion in the nine months ending September 2023, and Net Fees & Commissions Income increased by 44% to reach EGP 1.2 billion compared to EGP 838 million during the same period last year.
Read moreAl Ahli Bank of Kuwait – Egypt illuminates its headquarters in pink in celebration of world breast cancer awareness month
In continuation of the fruitful collaboration between Al Ahli Bank of Kuwait - Egypt (ABK-Egypt), and Baheya Foundation in support of female cancer patients, the Bank recently illuminated its headquarters building in Smart Village in pink in celebration of world breast cancer awareness month.
Read moreABK-Egypt Staff Volunteer in IBF Medical Convoys for Children in Al-Beheira Governorate
With an innate understanding of the crucial impact of corporate citizenship in the development of local communities and in line with Al Ahli Bank of Kuwait-Egypt’s (ABK-Egypt) Corporate Social Responsibility efforts to support of the health sector in Egypt, the Bank organized a staff visit to Al-Behaira Governorate to take part in a medical convoy for children in cooperation with Ibrahim A. Badran Foundation (IBF). ABK-Egypt staff members volunteered to assist doctors conduct a wide range of medical check-ups, provide healthcare services, and deliver general health awareness sessions to little patients and their families.
Read moreAl Ahli Bank of Kuwait - Egypt issues its First Sustainability Report & Carbon Footprint Report
Cairo, September 2024: In alignment with the national directions and the efforts of the Central Bank of Egypt towards transitioning to green economy, and in accordance with Egypt's Vision 2030 to achieve sustainable development, Al Ahli Bank of Kuwait – Egypt (ABK-Egypt) has issued its first sustainability report for the year 2023 in line with the Global Reporting Initiative (GRI). The report reflects the Bank's performance based on sustainability standards and covers the Bank's key achievements and initiatives during the year 2023 as well as its milestones on economic, social, environmental, and governance levels. Additionally, the Bank issued its Carbon Footprint Report that measures carbon emissions from all its branches and premises across the country for the year 2023, along with a comprehensive decarbonization plan to reduce carbon emissions resulting from the Bank's various activities and operations.
Read moreAl Ahli Bank of Kuwait - Egypt Signs a Protocol with “Alhassan Foundation” to Fund Small Projects for Women with Physical Disability
Cairo, September 2024: Al Ahli Bank of Kuwait - Egypt signed a cooperation protocol with Alhassan Foundation to fund 10 breadwinner women with physical disabilities to start small projects in five Governorates across Egypt (Aswan, Assiut, Fayoum, Beni Suef, and Menoufia). This initiative is part of “Masdar Rizk” project that aims at contributing to sustainable development through integrating individuals with disabilities and improving the lives of the underprivilege families and those in need.
Read moreAl Ahli Bank of Kuwait-Egypt launches awareness sessions on Financial Inclusion in three Governorates
Cairo, August 2024: Within the framework of Al Ahli Bank of Kuwait- Egypt’s (ABK- Egypt) financial inclusion strategy and ongoing efforts to promote financial literacy among all segments of Society, and in alignment with the Central Bank of Egypt’s (CBE) direction, the Bank launched an awareness campaign for financial inclusion and digital transformation in celebration of “International Youth Day”.
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