Zewail City of Science & Technology recognizes Al Ahli Bank of Kuwait - Egypt during their Annual Graduation Ceremony 2024
Cairo, August 2024: In line with Al Ahli Bank of Kuwait - Egypt’s active role in empowering youth and supporting the education sector in Egypt, Zewail City of Science and Technology recently recognized Al Ahli Bank of Kuwait - Egypt (ABK-Egypt) for the support extended to undergraduate students joining from public schools during the annual graduation ceremony for class 2024 held in the university campus, in the presence of Dr. Mohamed Ayman Ashour, Minister of Higher Education & Scientific Research, Eng. Adel El Nagar Governor of Giza, Dr. Mahmoud Abd-Rabbou, Acting Executive President of Zewail City, Mrs. Ghada Tawfik, Advisor to the Governor of the Central Bank of Egypt (CBE) for Corporate Social Responsibility (CSR), Bank representatives, alongside senior members of sponsoring organizations and university faculty members.
Read moreAl-Ahli Bank of Kuwait - Egypt achieves EGP 4.3 billion Net Profit in the first half of 2024
Cairo, August 2024: In continuation of its robust performance in the Egyptian market, Al Ahli Bank of Kuwait - Egypt (ABK-Egypt) reported outstanding financial results for the first half of the year 2024 showing a significant rise in Net Profit by 154%, reaching 4.3 billion Egyptian pounds compared to 1.7 billion Egyptian pounds for the same period last year. Additionally, all key financial indicators marked a significant increase with Net Interest Income growing by 68%, reaching EGP 3 billion by the end of June 2024 compared to EGP 1.8 billion and Net Fees & Commissions income growing by 82.6% to reach EGP 855 million compared to EGP 469 million over the same period last year.
Read moreAl Ahli Bank of Kuwait - Egypt Receives the Best Retail Bank - Egypt 2024 Award from MENA Banking Excellence Awards 2024
Cairo, May 2024: Al Ahli Bank of Kuwait – Egypt (ABK-Egypt), has been recognized as the Best Retail Bank in Egypt at the prestigious MENA Banking Excellence Awards 2024 hosted by MEED International Magazine. This recognition celebrates ABK-Egypt's excellence in retail banking and relentless pursuit of innovation, value creation and customer-centricity. The ceremony took place at Kempinski the Boulevard Hotel in Dubai, bringing together leaders and representatives of distinguished banks and firms from across the MENA Region.
Read moreAl Ahli Bank of Kuwait – Egypt Records EGP 3.2 billion Net profit in the first Quarter of 2024
Cairo, May 2024: Al Ahli Bank of Kuwait - Egypt (ABK-Egypt) recorded breakthrough financial results for the first quarter of 2024, achieving a significant increase in Net Profit by 189%, which stood at EGP 3.2 billion compared to EGP 1.1 billion over the same period in 2023. Net Interest Income increased by 71% to reach EGP 1.4 billion by the end of March 2024 compared to EGP 841 million over the same period in 2023, while Net Fees and Commissions income grew by 165% to reach EGP 477 million compared to EGP 180 million over the same period last year.
Read moreAl Ahli Bank of Kuwait Supports Kuwaiti Students in Egypt through Sponsoring (EGNUKS) Conference
Cairo, April 2024: Al Ahli Bank of Kuwait (ABK) is pleased to announce its sponsorship of National Union of Kuwaiti Students – Egypt’s (EGNUKS) recent conference held over a period of two days in Alexandria Governorate. This initiative reflects the Bank’s commitment to enriching Egyptian Kuwaiti relations and empowering youth on their academic journey.
Read moreAl Ahli Bank of Kuwait – Egypt Organizes a visit to 57357 Children’s Hospital to decorate the Hospital in celebration of the Holy month of Ramadan
Cairo, March 2024: With an innate understanding of the crucial role of corporate social responsibility in the development of local communities, and in celebration of the upcoming Holy month of Ramadan, Al Ahli Bank of Kuwait – Egypt (ABK-Egypt) organized a staff visit to Children’s Cancer Hospital Egypt 57357. As done over the past years, a group of staff members volunteered to take part in a recreational day to spread joy among patients and their families, handing out gifts to little children and decorating the Hospital with Ramdan theme in celebration of the upcoming Holy month.
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