Al Ahli Bank of Kuwait – Egypt Organized a visit to Baheya Foundation to Support Breast Cancer Fighters
Cairo, November,2023: Within the framework of Al Ahli Bank of Kuwait – Egypt’s (ABK-Egypt) active role in Corporate Social Responsibility, the Bank organized a staff visit to Baheya El-Sheikh Zayed Foundation for Breast Cancer treatment, offering moral support to Baheya cancer fighters. Stemming from the Bank’s belief in supporting Egyptian women and as one of Baheya’s long-term success partners, the Bank also made a financial contribution towards the construction of the hospital’s Hematology laboratory, which is crucial for early detection of tumors tests.
Read moreAl Ahli Bank of Kuwait- Egypt records EGP 2.3 billion Net Profit for the nine – month period ended 30 September 2023
Cairo November 2023: Al Ahli Bank of Kuwait - Egypt (ABK-Egypt), one of Egypt’s fastest growing banks in the Egyptian market announced achieving strong financial results for the nine-month period ended 30 September 2023. Net Profit reached EGP 2.32 billion in the end of September 2023, an 84% increase compared to EGP 1.26 billion over the same period last year, while Net Interest Income reached EGP 2.86 billion, reflecting a 45.9% increase compared to EGP 1.96 billion in September 2022, demonstrating the Bank’s ability to record steady growth despite challenging market conditions. Net Operating Profit increased by 73% to reach EGP 2.71 billion compared to 1.57 billion, and Profit Before Tax recorded EGP 2.96 billion compared to 1.7 billion in September 2022.
Read moreAl Ahli Bank of Kuwait – Egypt SMEs portfolio reaches 25% of its total loans portfolio
Cairo, October 2023: Al Ahli Bank of Kuwait - Egypt (ABK-Egypt) announced increasing the ratio of Small and Medium Enterprises (SMEs) sector credit portfolio to reach 25% of the Bank's total loans portfolio in September 2023.
Read moreAl Ahli Bank of Kuwait - Egypt Receives Fastest Growing Bank - Egypt 2023 Award from International Business Magazine
Cairo, October 2023: Al Ahli Bank of Kuwait – Egypt (ABK-Egypt), has been recognized as the Fastest Growing Bank in Egypt for 2023 by International Business Magazine. This accolade celebrates ABK-Egypt's noteworthy achievements and growth trajectory since the Group’s acquisition of Piraeus Bank Egypt in 2015.
Read moreAl-Ahli Bank of Kuwait - Egypt achieves EGP 1.7 billion Net Profit in the first half of 2023
Al Ahli Bank of Kuwait - Egypt (ABK-Egypt), announced achieving breakthrough results for the first half of 2023 reflecting very solid growth in profits and business volume over the course of the year.
Read moreAl Ahli Bank of Kuwait-Egypt opens a new branch in Fifth Settlement, New Cairo
Cairo; July 2023 – In line with its ambitious growth strategy to expand its business in Egypt and realign its geographical presence to best cater for its growing customer base, Al Ahli Bank of Kuwait-Egypt (ABK-Egypt) announced the official opening of its new Branch located in Agora Mall, Fifth Settlement, New Cairo.
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