Al Ahli Bank of Kuwait - Egypt opens its latest branches across three Governorates in December 2023
Cairo, December 2023: Within the framework of the Bank’s ambitious growth plan and its commitment to upgrade its network and offerings to cater to various customer segments and attract new customers, Al Ahli Bank of Kuwait - Egypt (ABK-Egypt) announced the opening of three branches across three Egyptian Governorates.
Read moreAl Ahli Bank of Kuwait - Egypt receives ISO 27001:2013 certification for its compliance with international standards of data protection and information security
Cairo, December 2023: Al Ahli Bank of Kuwait - Egypt (ABK–Egypt), announced receiving the ISO/IEC 27001 certification in Information Security Management Systems (ISMS), making it one of the very few banks in Egypt to achieve this prestigious international accreditation in recognition of the Bank’s efficiency in applying the highest standards of governance and information security.
Read moreAl Ahli Bank of Kuwait – Egypt sponsors the 14th edition of the Kuwaiti Business Week in Egypt
Al Ahli Bank of Kuwait – Egypt sponsors the 14th edition of the Kuwaiti Business Week in Egypt
Read moreAl 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 more